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

Brigade Group buys 20.19 acres in Bengaluru for ₹588.33 crore

Representative image created by AI NEW DELHI: Brigade Group has acquired a 20.19-acre land parcel located in the Whitefield–Hoskote corridor of Bengaluru. This acquisition was finalized for ₹588.33 crore through Ananthay Properties, a subsidiary of Brigade Enterprises. The site is poised for mixed-use development, with a gross development value (GDV) estimated at ₹5,200 crore and a potential development area of 4.2 million sq ft. Recently, BuzzWorks, the managed and flexible offices division of Brigade Group, leased over 50,000 sq ft at Mindspace Business Park in HITEC City, Hyderabad. The center can accommodate 1,000 seats. Published On Jul 21, 2025 at…

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Ghaziabad Delays Map Approvals After Revising Building Bylaws

GHAZIABAD: The Ghaziabad Development Authority (GDA) has put its online map approval system on hold until September to update it in line with the new UP Building Construction and Development Bylaws, 2025. During this interval, all building map approvals will be carried out manually, which could increase processing times from the usual two days to nearly a month. Officials acknowledge that this change may inconvenience consumers and lead to a temporary dip in GDA’s revenue. On average, GDA processes around 170 map approval requests each month and grants approval to approximately 140 of them, generating around Rs 34 crores in…

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Ahmedabad’s Hi-Tech Air Monitoring Fails to Penalize Builders

AHMEDABAD: The city’s civic body is intensifying efforts to enhance complaint resolution while enforcing anti-pollution measures at construction sites, which continue to contribute to air quality issues. Advances in monitoring technologies have not fully mitigated these violations. As of 2023, the Ahmedabad Municipal Corporation (AMC) has required construction sites larger than 10,000 square meters to install air quality sensors. Currently, 100 sites are equipped with online monitoring systems that issue warnings when pollution levels exceed acceptable thresholds. Yet, no developer has faced fines based on sensor readings in the past year, indicating ongoing challenges in enforcement despite advanced technology. A…

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Residents Seek FSI Clarity Post Pune-Khadki Merger Approval

PUNE: Residents and civic activists are seeking clarity on future floor space index (FSI) regulations in Pune and the Khadki cantonment areas after the state government’s approval to merge them into the Pune Municipal Corporation limits. The cantonment boards have proposed a maximum FSI of 1 for the merged areas, which is an increase from the current 0.5 FSI in the cantonment regions but lower than the PMC’s range of 1.1 to 3. The boards stressed that any removal from their jurisdiction should not allow for unrestricted FSI. PMC Commissioner Naval Kishore Ram stated in an interview with TOI, “FSI…

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Kalpataru Pre-Sales Surge 41% to ₹4,531 Crore in FY25

MUMBAI: Realty company Kalpataru Ltd has reported a 41% increase in pre-sales, reaching ₹4,531 crore in the last fiscal year, fueled by rising residential property demand. Kalpataru Ltd, a leading player in the real estate sector, is now publicly listed on the stock exchanges. “For the entirety of FY25, pre-sales totaled ₹4,531 crore, reflecting a 41% year-on-year (YoY) growth,” the company stated in a presentation aimed at analysts and investors. In the fiscal year 2023-24, the Mumbai-based firm sold properties worth ₹3,202 crore. During the previous fiscal year, Kalpataru Ltd launched seven new projects, comprising a total of 6.5 million…

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Aurum PropTech Secures SEBI Approval for SM-REIT Launch

Representative image created by AI NEW DELHI: Aurum PropTech has received approval from the markets regulator SEBI to launch its Small and Medium Real Estate Investment Trust (SM-REIT) as part of its expansion plans. The company intends to list the SM-REIT schemes on stock exchanges, allowing retail investors the opportunity for fractional ownership of rent-generating premium office assets. Aurum PropTech announced in a regulatory filing on Friday that it is the first publicly listed company in India to obtain a registration certificate from SEBI for an SM-REIT, which will operate under the name AMSA SM REIT Investment Trust (AMSA). “This…

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Lucknow Development Body’s Bylaws to Enhance Mapping Benefits

LUCKNOW: The Lucknow Development Authority (LDA) has commenced approval of compounding maps under the newly introduced Model Building Construction and Development Bylaws and Model Zoning Regulation-2025. Compounding refers to the process of legalizing buildings constructed without prior approval or that deviate from the original plans. This initiative aims to assist property owners who have previously built structures to regularize them under the new guidelines. During a Janata Adalat at the authority’s headquarters, LDA vice chairperson Prathamesh Kumar announced this directive. Zonal officers have been tasked with specific targets for approving mitigation maps, ranging from 75 to 220 per zone, to…

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40 Developers Owe ₹261 Crore for Transit Tenements: CAG

MUMBAI: According to a report by the CAG, many developers involved in redevelopment initiatives nearly 25 years ago have retained transit tenements provided by Mhada, as of March 2022. The audit indicated that Mhada distributed 3,357 transit tenements to 43 private developers. These developers were required to pay one year of rent in advance, along with a three-month security deposit at the time of receiving the tenements. The audit findings stated, “Out of the 43 private developers, only three have settled their outstanding dues, leaving Rs 261.14 crore still owed by the remaining 40 developers as of March 2022.” Published…

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Bengaluru Property Owners Get Relief: B-Khatas Now A-Khatas

In a pivotal decision poised to support numerous property owners in Bengaluru, the Karnataka Cabinet has authorized the regularization of B-Khata properties verified by the Bruhat Bengaluru Mahanagara Palike (BBMP) up to September 30, 2024. These properties will now qualify for A-Khata status, providing much-needed legal clarity and enabling access to vital civic amenities such as electricity and water connections. The announcement was made on Thursday by Law Minister H.K. Patil after the cabinet meeting. He remarked, “This initiative aims to instill discipline in the city’s property development landscape and mitigate illegal constructions.” B-Khatas have historically created legal confusion. Initially…

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Godrej Properties COO and Mumbai CEO Resign

NEW DELHI: Godrej Properties has announced major leadership changes with the resignations of two senior executives: Vikas Singhal, the Chief Operating Officer, and Priyansh Kapoor, Zonal CEO of the Mumbai Metropolitan Region (MMR). As per the company’s regulatory filing, Kapoor’s resignation will take effect at the close of business on July 18, 2025, and he will be succeeded by Amitesh Shah, who will take on the role of Zonal CEO – MMR from July 19, 2025. Shah has been with the company since 2011 and most recently served as the regional head for MMR 1. Meanwhile, Singhal’s resignation as COO…