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

Bengaluru Realty Firms Question NOC for Jakkur Flying School

The Bengaluru chapter of the Confederation of Real Estate Developers’ Associations of India (Credai) has raised alarms regarding the city’s municipal corporation mandating a no-objection certificate (NOC) from the Government Flying Training School (GFTS) at Jakkur. This certificate is essential for granting approvals like commencement and occupancy certificates for residential projects. Credai argues that this requirement could significantly delay and complicate the residential real estate sector in Bengaluru, which is vital for the city’s ongoing housing development efforts. In a communication directed to Karnataka’s urban development department’s additional chief secretary, Credai Bengaluru questioned the necessity of the NOC, noting the…

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Hyderabad civic body revenue rises with more high-rise approvals

HYDERABAD: The surge of high-rise buildings in Hyderabad has significantly boosted the revenue for the Greater Hyderabad Municipal Corporation (GHMC). From January to August of this year, the civic body recorded earnings of ₹1,199.7 crore, a remarkable increase compared to the total revenue of ₹815 crore in 2024. This revenue bump is primarily attributed to a rise in high-rise building approvals, which yield much higher fee collections than traditional residential projects. Notable growth areas include Uppal Bagayath, Nanakramguda, Khajaguda, Budvel, and Gaganpahad, where several substantial residential and commercial developments have been approved. Significant projects include a 50-story residential tower in…

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Goa to Update Land Records with First Survey in 50 Years

PANAJI: Over 50 years since the last land survey, the state government has announced a new initiative to update land records. This survey aims to identify unoccupied plots and unclaimed land parcels. The state will commence the surveys in urban locations, as the last one was carried out back in 1972. The Goa Geospatial Knowledge Based Land Survey of Urban Habitations Rules, 2025 has been drafted, allowing public feedback before finalization and implementation. “The directorate of land and records will issue a general notice to inform residents when a land survey is ordered in any village, town, or city. Homeowners,…

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Mahindra Lifespaces to Redevelop Four Mumbai Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has been chosen as the preferred partner for redeveloping four residential societies in Malad (West), Mumbai. The project spans approximately 1.65 acres and has a development potential estimated at ₹800 crore. Vimalendra Singh, Chief Business Officer (Residential) at MLDL, stated, “This aligns with our strategy to strengthen our presence in established micromarkets, allowing us to leverage economies of scale and improve project efficiencies.” In a separate regulatory update, the company announced its acquisition of 13.46 acres of land in the prestigious Nande-Mahalunge region of Pune, expected…

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Amitabh Bachchan Acquires Three Land Parcels in Alibaug

Bollywood actor Amitabh Bachchan has recently purchased three adjacent parcels of land in Alibaug, a coastal town near Mumbai, to construct a luxurious villa known for its scenic sea views and celebrity ownership. The combined size of the parcels is a quarter of an acre, with the actor reportedly spending around Rs 10 crore on the acquisition, which was officially registered on Tuesday. The esteemed actor acquired the plots from HOABL Landbuild and paid a total stamp duty of approximately Rs 40 lakhs for the three distinct transactions, according to documents from the real estate analytics firm CRE Matrix. In…

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Kolte-Patil Buys 7.5 Acres in Bhugaon, Pune

NEW DELHI: Pune’s Kolte-Patil Developers has acquired a 7.5-acre land parcel in Bhugaon. The project boasts an estimated saleable area of 1.9 million sq ft, with a gross development value (GDV) of ₹1,400 crore. According to Rajesh Patil, the company’s managing director, “Our entry into Bhugaon aligns with our strategy of providing thoughtfully planned, value-driven developments, driven by increasing demand from improved infrastructure and heightened end-user interest.” Recently, the NCLT in Mumbai greenlit the amalgamation scheme between Kolte-Patil Developers and its wholly owned subsidiary, Kolte-Patil Integrated Townships. Published On Oct 10, 2025 at 12:00 PM IST Join a community of…

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Puravankara Q2 FY26 Pre-Sales Rise 4% to ₹1,322 Crore

NEW DELHI: Puravankara has announced pre-sales of ₹1,322 crore for Q2 FY26, reflecting a four percent increase from ₹1,270 crore in Q2 FY25. The average price realization rose by seven percent year-on-year, reaching ₹8,814 per sq ft in Q2 FY26. Additionally, customer collections for the quarter surged by eight percent year-on-year, amounting to ₹1,047 crore. Ashish Puravankara, the company’s managing director, stated, “In Q2 FY26, we maintained our growth momentum, primarily through sustained sales, achieving pre-sales of ₹1,322 crores and collections of ₹1,047 crores, both with year-on-year improvements.” In the first half of FY26, the company added over 6.36 million…

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Punjab Forms Committee to Develop Real Estate Roadmap

CHANDIGARH: The Punjab government has established a sector-specific committee under the Housing and Urban Development Department to create a tailored transformation roadmap for the real estate sector. This initiative aims to foster structured collaboration between the government and the real estate industry. Punjab Housing and Urban Development Minister Hardeep Singh Mundian stated, “The committee was formed to provide policy inputs for a progressive, transparent, and investment-friendly real estate ecosystem in Punjab.” He emphasized that the goal is to develop a best-in-class policy model through active collaboration with key stakeholders. The committee is headed by Deepak Garg, Director of Marbella Group,…

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Noida’s Land Dispute Resolved; Wave Mega City Centre Opens

NOIDA: After a decade-long impasse, the Noida Authority has successfully resolved issues surrounding prime land in the city. The land surrender and reallocation for the Wave Mega City Centre Pvt Ltd project has been finalized under UP’s project settlement policy. Initially allocated 6.2 lakh sqm in sectors 25A and 32 in 2011 for the Mega City Centre project, the developer has surrendered 5 lakh sqm, retaining 1.2 lakh sqm with approvals from both the state government and the Authority’s board on September 26. The Authority intends to utilize the reclaimed land for commercial development under a mixed-use category, instructing its…

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Signature Global to raise ₹875 crore next week through NCDs

NEW DELHI: Signature Global Ltd, a real estate firm, plans to raise Rs 875 crore next week through non-convertible debentures (NCDs) targeted at investors. In a regulatory filing on Thursday, the company announced that its Debenture Committee has approved the issuance of 87,500 NCDs, with a face value of Rs 1 lakh each, totaling Rs 875 crore via private placement. The NCDs, which have a coupon rate of 11%, will have a tenure of 3 years, 2 months, and 30 days, with allotment slated for October 16, 2025, and maturity on January 15, 2029. Earlier in June, the board of…