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

Kolkata Lifts G+4 Construction Ban, Prioritizes High-Rise Safety

KOLKATA: In a significant development for owners and developers of buildings up to five stories (G+4) and high-rise projects in Kolkata, the KMC has revised a notification issued last Friday, allowing the resumption of construction for five-storey structures and enabling high-rise projects to finish essential safety work without restrictions. Since June 24, all construction activities were suspended due to the tragic collapse of an under-construction warehouse in Taratala, resulting in the deaths of 16 workers. Following this incident, the government halted further construction and mandated a safety audit for all projects. The following day, both the Chief Minister and the…

IndustryLatest Stories

LDA to Audit Fire Safety of 800,000 Buildings in Lucknow

LUCKNOW: In response to the recent Aliganj fire incident, the Lucknow Development Authority (LDA) is set to conduct fire safety audits for approximately 800,000 residential and commercial buildings throughout the city. The authority plans to engage a private agency for this initiative, starting with LDA-developed colonies and gradually expanding to other areas. The audit will evaluate various fire safety aspects, including the state of electrical wiring, power load, setback space availability, roof stair access, door and window quality, lane width, proximity to water sources, nearest fire station distance, and positioning of air-conditioner units. LDA Vice-Chairperson Prathamesh Kumar stated that each…

IndustryLatest Stories

SBI Accepts Alternate Plots After Raidurg Land Dispute Resolution

Representative image HYDERABAD: The ongoing dispute between the Telangana government and the State Bank of India (SBI) over a prime five-acre parcel in Raidurg’s Knowledge City is nearing resolution, as the SBI board has approved the government’s offer of alternative land. This approval paves the way for the likely withdrawal of the pending case before the Telangana High Court, removing a significant obstacle related to one of the city’s most valuable land parcels. Government sources revealed that the SBI board approved the proposal during a meeting on June 30, and the official resolution should reach local bank officials in the…

IndustryLatest Stories

Ladakh LG OKs interim land rules, simplifies small plot use

Representative AI image LEH: Ladakh’s Lieutenant Governor, V K Saxena, has approved an interim land-use regulatory framework. This allows plots of up to two kanals within Municipal Committee boundaries to be used for residential, commercial, industrial, or mixed-use purposes without prior approval. However, certain activities are still prohibited without prior approval. These include Red and Orange category industries in commercial zones, as well as slaughterhouses, commercial animal rearing, stone quarries, storage of flammable materials, and burial grounds or crematoria in residential and mixed-use areas, according to an official spokesperson. The new framework aims to eliminate long-standing uncertainty regarding land use…

IndustryLatest Stories

Delhi: CIC Urges MCD to Share Residential Lift Plans Publicly

NEW DELHI: The Central Information Commission (CIC) has recommended that the Municipal Corporation of Delhi (MCD) actively publicize residential lift installation plans, building maps, approvals, and related records. The Commission emphasized that this information holds “recurring public relevance.” According to Information Commissioner Vinod Kumar Tiwari, this initiative will enhance transparency and decrease the need for individual RTI applications. The advice was issued under Section 25 of the RTI Act while addressing a case involving a delay in providing information about lift installations in a residential complex. The Commission highlighted that the information sought pertains to “permissions, sanctions, plans, and related…

IndustryLatest Stories

Builders in Tamil Nadu Can Register Sales of Properties Online

CHENNAI: The Tamil Nadu registration department will implement its ‘Anywhere registration facility’ for the first sale of plots and flats starting August 17. This system enables builders and developers to register documents digitally without visiting sub-registrar offices. The announcement was made by Commercial Taxes and Registration Minister T. Logesh Tamilselvan after a review meeting with heads of sub-registrar offices, district registrars, revenue officers, and other senior officials at the integrated commercial taxes complex in Nandanam. “This initiative aims to enhance the transparency, efficiency, and accessibility of registration services, while mitigating congestion at sub-registrar offices,” said Logesh Tamilselvan. Under the new…

IndustryLatest Stories

South Indian Developers Boost Presence in Mumbai Housing Market

Representative AI image Mumbai’s property market is experiencing renewed competition as major real estate developers from South India focus on the country’s largest market, drawn by ongoing housing demand and lucrative redevelopment prospects. The current entrants are utilizing a more measured approach than previous out-of-market attempts, emphasizing redevelopment projects, joint development agreements, and partnerships with local landowners, thereby establishing a capital-efficient pathway into India’s priciest property sector. Developers like Prestige Group, Puravankara, Shriram Properties, Sobha, Casagrand, and RMZ are either entering or preparing to enter the Mumbai market through various redevelopment initiatives and land acquisitions, looking to expand beyond their…

IndustryLatest Stories

Gurugram: Notices Issued to Illegal Buildings near Sultanpur Park

File Photo GURUGRAM: Nearly a week after identifying 183 alleged violations in the eco-sensitive zone (ESZ) of Sultanpur National Park, authorities commenced enforcement actions on Monday. Officials from various departments—including forest and wildlife, town and country planning (DTCP), Haryana State Pollution Control Board (HSPCB), and public health engineering (PHED)—inspected residential, commercial, and farmhouse properties within the designated ESZ to verify permits and construction status. Joint teams evaluated illegal structures, leading the forest department to issue initial notices and initiate demolition proceedings for under-construction buildings. This action marks a significant shift, as the forest department had rarely issued such notices independently…

IndustryLatest Stories

Delhi approves transplant of 1,049 trees for housing project

Representative AI image NEW DELHI: The Delhi forest department has approved the transfer of 1,049 trees and authorized the removal of 42 trees to facilitate redevelopment at the General Pool Residential Accommodation (GPRA) colony in Sarojini Nagar, as per an official document. Environment activists have expressed concerns regarding this decision, questioning the survival rate of the transplanted trees and highlighting the risks associated with the loss of tree cover, which could increase climate vulnerability. The order, issued on June 19, cites permission granted under Section 9 of the Delhi Preservation of Trees Act, 1994, following evaluations of the proposal and…

IndustryLatest Stories

Gillco Group to invest ₹800 crore in Mohali housing project

Representative AI image NEW DELHI: Gillco Group plans to invest ₹800 crore in the Gillco Meraqui residential project located in sector 126, Mohali, as announced by the company’s Managing Director, Tejpreet Singh Gill. The development will feature 444 apartments across six towers, promising a total revenue potential of approximately ₹2,300-2,400 crore. The company has opened sales for 250 apartments, investing around ₹400-450 crore. Expected sales from these units are estimated at ₹1,200 crore. Situated on 12 acres along PR-7 Airport Road, the project will offer 3+1 and 4+1 bedroom apartments, with starting prices around ₹4 crore and a rate of…