Category: Industry

Explore updates on Industry real estate focusing on warehouses, logistics parks, and manufacturing hubs. Learn about infrastructure development, market demand, rental yields, and investment opportunities shaping this fast-growing segment.

IndustryLatest Stories

Safety Audits Required for 276 High-Rises in Lucknow

Representative image created by AI LUCKNOW: The Lucknow Development Authority has mandated a structural safety audit for 276 high-rise buildings in the city. This includes 58 LDA-owned buildings and 218 privately owned structures, all ranging in age from 5 to 40 years. This decision follows the collapse of Alaya Apartment in 2023 and a commercial building in Transport Nagar last year. In response, LDA officials prepared a proposal that received board approval in September of the previous year. As per the new regulation, all buildings exceeding 15 meters in height will undergo a structural audit every five years. Although the…

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Ghaziabad DM Orders Review of Circle Rates Amid Tax Dispute

AI-generated Representative Image GHAZIABAD: Property prices in Ghaziabad may be set for another rise, as the district administration has begun a review of circle rates, potentially leading to adjustments later this year. District Magistrate Deepak Meena has instructed the stamp and registration department to perform a detailed analysis of government-notified land values, which are used to determine stamp duty. The findings are expected to be submitted within 15 working days. During a review meeting on Friday, Meena emphasized, “The survey needs to thoroughly evaluate all key factors affecting prices in residential, commercial, and agricultural areas. Any revisions will be based…

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Lenders Deny Jaypee Infratech’s Bid to Acquire Bankrupt Firm

NEW DELHI: Creditors of Jaiprakash Associates Ltd (JAL) have declined Jaypee Infratech’s bid to accept its resolution plan for the acquisition of the financially troubled company. Five firms—Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power, and PNC Infratech—have put forth their plans for JAL’s acquisition. On June 25, JAL’s lenders rejected Jaypee Infratech’s resolution plan from Suraksha Group, citing its late submission and lack of earnest money. Sources indicate that Jaypee Infratech has requested the Committee of Creditors (CoC) of JAL to reconsider their decision and allow participation in the insolvency process. During a meeting on July 1, CoC…

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Gujarat’s 5 districts draw ₹5.03 lakh crore in real estate investments

AI-generated Representative Image AHMEDABAD: Since the Real Estate (Regulation and Development) Act (RERA) was implemented in 2017, Gujarat’s real estate sector has attracted investments totaling ₹5.03 lakh crore. Notably, 94% of this investment is concentrated in five key districts: Ahmedabad, Gandhinagar, Surat, Vadodara, and Rajkot. This concentration is largely attributed to rapid urbanization, improved infrastructure, and heightened demand for residential and commercial properties. In stark contrast, the remaining 28 districts—home to nearly two-thirds (64%) of Gujarat’s population—have garnered only 6% of the total investments. Experts express concerns about this uneven distribution of resources and emphasize the need for balanced infrastructure…

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Noida, Greater Noida & YEIDA: Uttar Pradesh’s Crown Jewels, Minister Says

AI-generated Representative Image NOIDA: During a recent visit, Industrial Development Minister Nand Gopal Gupta ‘Nandi’ referred to the Noida, Greater Noida, and Yamuna Authority (YEIDA) regions as “the crown jewels of Uttar Pradesh,” mirroring the status of Kashmir for India. He emphasized that enhancing industry and investment is “our government’s top priority.” With the establishment of new units, the minister believes employment opportunities will grow, aiding Uttar Pradesh in its quest to become a top-performing state. To ensure timely project completion, Nandi urged senior officials of the Noida Authority to work on expanding the land bank and improve collaboration with…

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West Bengal to Allocate 20 Acres in New Town for Development

AI-generated Representative Image KOLKATA: The Bengal government plans to release approximately 20 acres of land in New Town Action Areas II and III for various purposes including residential, commercial, and mixed-use developments. HIDCO will auction these parcels via e-auction next month. Two plots of 4.1 acres each in Action Area II and three additional plots measuring 7.3 acres, 3.2 acres, and 0.6 acres in Action Area III have been earmarked for this initiative. The starting bid for the 7.3-acre parcel is set at Rs 292.2 crore, while the smallest 0.6-acre plot starts at Rs 26 crore. Officials noted that New…

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Lucknow body to auction 300+ plots starting July 4

Sure! Here’s a rewritten version of the content: Representative Image LUCKNOW: The Lucknow Development Authority (LDA) is set to launch its e-auction portal on July 4, aiming to sell over 300 residential and commercial plots in prominent areas of the city. This initiative follows directives from LDA Vice Chairman Prathamesh Kumar. Potential buyers can register online until August 4, with the auction scheduled for August 8 through the online platform. Available plots include residential options of 60 square meters in the Basant Kunj scheme on Hardoi Road, starting at a reserve price of Rs 32,955 per square meter. The auction…

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12,000+ Construction Workers Registered in Kodagu: Labour Officer

AI-generated Representative Image MADIKERI: District labour officer T Kaveri reported that 12,629 workers are registered under the Building and Other Construction Workers Welfare Act in Kodagu district, with 9,971 males and 2,658 females. The registration breakdown by taluks includes 3,069 workers (2,424 males, 645 females) in Madikeri, 4,146 workers (3,759 males, 387 females) in Somwarpet, and 5,414 workers (3,788 males, 1,626 females) in Virajpet. Workers can register at the Karnataka Building and Other Construction Workers’ Welfare Board by calling the helpline at 155214. The board provides pension benefits for members aged 60 who have been part of the scheme for…

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Madhya Pradesh CM Calls for Action on Affordable Housing

File Photo BHOPAL: On Thursday, Madhya Pradesh Chief Minister Mohan Yadav convened a review meeting with officials from the Urban Development and Housing Department at Samatva Bhavan in Bhopal, where he issued several key directives. During the meeting, CM Yadav emphasized the need for an action plan focused on developing affordable and accessible housing in urban areas, considering the socio-economic conditions of residents, to mitigate urban slum expansion. He also highlighted the importance of enhancing the urban environment, urging the development of parks and promoting tree plantation initiatives across all housing projects, including those managed by development authorities and the…

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Arkade Developers buys Filmistan for ₹183 crore

Sure! Here’s a rewritten version of the content: AI-generated Representative Image NEW DELHI: Arkade Developers, based in Mumbai, has finalized a binding agreement to acquire a 100% stake in Filmistan for ₹182.95 crore. This acquisition will allow the company to develop a four-acre residential project on the site of Filmistan Studios in Goregaon West. Amit Jain, the company’s Chairman and Managing Director, stated, “We are focused on expanding our presence in the western suburbs, with several launches scheduled for early 2026.” The upcoming luxury project, set to launch in 2026, is projected to generate a gross development value (GDV) of…