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.

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Nashik: NMC Requires 50:50 Premium FSI & TDR for Faster Land Deals

NASHIK: The local municipality has mandated developers to utilize premium floor space index (FSI) and transfer of development rights (TDR) in an equal 50:50 ratio for all construction projects under the 2020 Development Control and Promotion Regulations. This initiative aims to revitalize the declining demand for TDR while ensuring fair compensation for landowners. The directive was issued by municipal commissioner Manisha Khatri. The move comes in response to a drop in TDR rates in recent years, leading to disappointment among landowners and hindering the acquisition of land designated for public amenities in the city’s development blueprint. Under the TDR system,…

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CREDAI urges Karnataka government to resolve tech issues

MYSURU: The Confederation of Real Estate Developers’ Associations of India (CREDAI) is calling on the state government to address technical issues in government offices without delay. CREDAI President Harish Shenoy MS stated that citizens are experiencing difficulties in obtaining e-khata due to frequent server outages and software malfunctions. These technical issues are affecting not only developers but also property owners. The organization urged the government to resolve these technical challenges promptly and establish a timeline for e-khata issuance. Additionally, the new requirement for a life certificate for each transaction when registering a General Power of Attorney (GPA) has become a…

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HMT Land Bank Could Be Monetized for AI Clusters

Representative AI image NEW DELHI: India is strategizing to monetize the land bank of the troubled public sector undertaking (PSU) HMT Ltd by establishing artificial intelligence clusters. Insiders report that HMT boasts the second-largest land bank in the country, following Indian Railways. At its peak, HMT owned nearly 1,800 acres; currently, around 1,100 acres remain in Hyderabad (Telangana), Bengaluru (Karnataka), Pinjore (Haryana), and Kalamassery (Kerala). These lands were ‘gifted’ to HMT by state governments over time, with the expectation of industrial development. However, much of this land remains vacant or encroached upon, leading to disputes with states seeking reclamation. “Investment…

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Andhra Pradesh Cuts Vacant Land Tax by 50% During Building

AMARAVATI: The Andhra Pradesh Assembly approved amendments to the Municipal Act on Wednesday to reduce financial burdens on builders and enhance transparency in construction procedures. The first amendment permits builders to pay only 50% of the vacant land tax during the construction period, effective from when building permission is granted until the Occupancy Certificate is issued. The second amendment removes “leprosy” from municipal terminology. The assembly also sanctioned an amendment allowing builders to pay just 50% of the vacant land tax during the construction phase. Minister Narayana emphasized that these changes were aimed at promoting Ease of Doing Business, encouraging…

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Hyderabad’s Bharathi Builders Allegedly Dupes Investors

HYDERABAD: A private employee from Chikkadpally has approached the Cyberabad EOW, claiming that a real estate company and its executives defrauded him and other investors of several crores through a pre-launch offer for a project at Bhanur in Sangareddy district. After the accused failed to deliver on their promises, he filed a cheating complaint with the police. The complainant, P. Kishore Kumar, 45, reported that he and roughly 300 other buyers were persuaded to invest in Bharathi Green Empire Heights, a real estate project promoted by Bharathi Builders India. The company’s chairman, Dupati Nagaraju; managing director, Mulpury Siva Rama Krishna;…

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Ludhiana Trust Assesses Crore-Worth Properties Before Court Ruling

LUDHIANA: The Ludhiana Improvement Trust (LIT) has begun an extensive assessment of its key real estate holdings, including the long-dormant City Centre building in Shaheed Bhagat Singh (SBS) Nagar. This initiative is part of the Trust’s efforts to prepare for potential significant legal outcomes and to raise funds for city development through upcoming auctions. The evaluation encompasses several valuable properties, including the multi-storey building on Rani Jhansi Road, the Trust’s headquarters in Ferozepur Gandhi Market, and the 25.5-acre City Centre project on Pakhowal Road. Sources reveal that the Delhi High Court has instructed officials to compile a list of all…

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Borrowing Limits Raised to $1 Billion, ETRealty

MUMBAI: The Reserve Bank of India has released updated guidelines for External Commercial Borrowings (ECBs), revising limits, relaxing maturity requirements, and eliminating cost caps. Under these new regulations, eligible borrowers can secure ECBs up to the greater of $1 billion in outstanding borrowings or 300% of their net worth as per the most recent audited balance sheet. Previously, the borrowing cap was set at $750 million. This update comes at a time when India’s ECB transactions have been on the rise, with Indian companies raising a record $61 billion through this route in FY25, compared to $48 billion in FY24.…

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Maharashtra Forms Panel to Review TDR Relief for Redevelopment

PUNE: The state government has established a 12-member committee to re-survey river flood lines across Maharashtra, including areas in Pune and Pimpri Chinchwad, nearly a year after making this commitment in the assembly. The panel is expected to submit its report within two months. The government has tasked the committee with reviewing current regulations and suggesting amendments to the Unified Development Control and Promotion Regulations (UDCPR) to facilitate the use of Transfer of Development Rights (TDR) for properties built within flood lines prior to the irrigation department’s demarcation in 2009. A significant number of properties, particularly in Pimpri Chinchwad, were…

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Eden Realty Group to invest ₹5,000 crore in projects by 2030

KOLKATA: Eden Realty Group announced on Tuesday a substantial investment of ₹5,000 crore aimed at developing residential, commercial, and hospitality projects along both banks of the Hooghly River by 2030. The initiative includes a premium riverside residential complex in Howrah’s Shalimar, as well as five luxury hotels offering a total of 600 rooms in Kolkata, Howrah, and South 24 Parganas, as disclosed by Eden Realty MD Arya Sumant. “For the first time, we are venturing into the hospitality sector with plans to establish five luxury hotels on land leased from SMPK (Kolkata Port). We’ve engaged with various Indian and international…

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Unitech CEO’s Term Extended by One Year

NEW DELHI: Unitech Ltd announced on Tuesday that its board has sanctioned a one-year extension for CEO Ashok Kumar Yadav. In a regulatory disclosure, Unitech, based in Gurugram, stated that during last month’s board meeting, the extension was approved effective from February 11, 2026, or until further notice, whichever comes first. In 2020, the central government intervened and superseded the company’s board following a Supreme Court ruling. The Ministry of Corporate Affairs suggested the formation of a new board, which the Supreme Court ratified on January 20, 2020. Unitech Ltd is currently dealing with a severe cash shortage, leading to…