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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Register Sale Deeds at Any Taluka Office Soon: Goa CM

PANAJI: Citizens will soon have the option to register their sale deeds at any of the 12 sub-registrar offices across the state. This move, as announced by Chief Minister Pramod Sawant, aims to eliminate the restriction of registering land only in the region where it is located. Sawant further stated that the processes for marriage and land registrations will be streamlined in the next 10 days based on directives given to officials. “Today, I convened a meeting with registrars, sub-registrars, and directors as law minister. We discussed various issues related to the National Informatics Centre (NIC) and the Info Tech…

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Saira Banu: Dispute settled, police close case on builder

MUMBAI: The Economic Offences Wing (EOW) of the police has closed a case of cheating and forgery filed by actress Saira Banu Khan against builder Sameer Bhojwani and others. The complainant indicated that the matter arose from a “misunderstanding” and has since been amicably resolved. The general cheating branch of the EOW submitted a C-summary closure report to a magistrate last week, which was accepted. A C-summary closure signifies that a criminal case was initiated due to a mistake of facts, or that the alleged offense is of a civil nature, rendering the police report neither entirely true nor false.…

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Saya Group Eliminates ₹1,500 Crore Debt

NEW DELHI: Saya Group has successfully eliminated around ₹1,500 crore in debt from various financial institutions and investors over the last five years. The debt reduction includes term loans, non-convertible debentures (NCDs), and guaranteed emergency credit line (GECL) facilities from prominent financial institutions such as IIFL Finance, Yes Bank, and 360 One. Vikas Bhasin, the company’s managing director, stated, “The reduction of ₹1,500 crore in debt over these years reflects our solid financial health, effective project management, and strong commitment to our stakeholders. With a healthy balance sheet and exciting new projects on the horizon, we are poised for our…

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Hubballi-Dharwad body safeguards non-NA site owners from harassment

HUBBALLI: The Hubballi-Dharwad Urban Development Authority (Huda) has launched a survey to identify non-NA (Akram-Sakram) properties that were developed without proper approval. This initiative is intended to protect the ownership rights of residents who have lived on such plots for 20 to 30 years. Huda officials have discovered that some heirs of original landowners are now demanding extra payments—ranging from Rs 50,000 to Rs 1 lakh or more—from residents who bought non-NA plots decades ago. Many residents acquired their properties through bond agreements rather than formal registration, putting them at risk of exploitation. Certain heirs are now claiming ownership of…

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Gera Developments to Invest ₹16,000 Crore in Child and Wellness Projects

NEW DELHI: Gera Developments, based in Pune, is gearing up for a significant expansion with managing director Rohit Gera announcing an investment of approximately ₹16,000 crore in forthcoming residential projects over the next few years. This substantial investment will be evenly distributed between the company’s child-centric and recently introduced wellness-centric segments. In an exclusive conversation with Ankit Sharma, Gera shared insights into the company’s outlook, investment plans, product innovations, and financial strategies. He elaborated on the rationale behind preferring outright land purchases over joint ventures, detailed the phased project pipeline, and discussed how the wellness-centric model will enhance the existing…

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South Goa Collector Enforces Tenant Verification Rules

Representative AI image MARGAO: The district magistrate of South Goa, Egna Cleetus, has issued an order mandating that all landlords, hotels, and accommodation providers verify the identities of their tenants and report these details to local police. This order, which takes effect on November 5, is in accordance with section 163 of the Bharatiya Nagarik Suraksha Sanhita, 2023. It requires verification via government-issued IDs such as Aadhaar cards, passports, and driving licenses, and applies to all types of accommodation including residential properties, hotels, guesthouses, beach shacks, and paying guest facilities throughout the South Goa district. In addition, nationalized banks are…

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Navi Mumbai urges residents to audit buildings over 30 years old

NAVI MUMBAI: A recent survey within the Navi Mumbai Municipal Corporation (NMMC) identified 513 buildings as dangerous according to various provisions of the Maharashtra Municipal Corporation Act. As per Section 265(A) of the Act, buildings that have been in use for over 30 years must undergo a structural audit conducted by a civil or structural engineer registered with the NMMC. This audit timeline begins from the date the building received its occupancy certificate, whether full or partial. The civic body urges residents to complete the structural audits promptly. Residents need to submit a certificate confirming that all recommended repairs have…

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Trident Realty aims for ₹1,200 crore from Panchkula plots

Representative AI image NEW DELHI: Trident Realty aims to generate ₹1,200 crore from the development of 199 residential plots within its integrated township, Trident Hills, located in Panchkula. S K Narvar, the group chairman, stated, “The strong response to earlier phases of Trident Hills underscores Panchkula’s status as one of North India’s most desirable real estate markets.” Spanning approximately 200 acres (80.94 hectares), the newly launched phase, named Central Vista, is situated in the heart of the township. Parvinder Singh, CEO of the company, commented, “Trident Hills has developed into a vibrant community, with over 500 possessions already handed over.”…

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Pune: PMC Unveils Tax Amnesty Scheme Amid Resident Opposition

PUNE: In response to recent protests from some residents, the Pune Municipal Corporation (PMC) has announced a new amnesty scheme for property tax defaulters, set to launch from November 15, 2025, until January 15, 2026. “The monthly penalty of 2% has now surpassed the original tax amount, prompting this initiative, which will provide a 75% waiver on penalties,” explained PMC’s additional commissioner, Prithviraj BP. Recently, the citizens’ group Sajag Nagrik Manch criticized the effectiveness of such schemes, stating that previous efforts have failed to encourage defaulters to pay their dues. According to the Maharashtra Municipal Corporations Act, a 2% monthly…

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Mohali Industrial Plot Price Drops from ₹8.5 Cr to ₹4.5 Cr in 4 Months

MOHALI: Industrial land prices in Mohali’s Phase 8-B have experienced a significant drop, with a 500 square yard plot being sold for Rs 4.5 crore in the recent Punjab Small Industries and Export Corporation (PSIEC) auction that concluded late Tuesday. This price is almost half of the Rs 8.5 crore achieved for the same plot size during the auction in June of this year, indicating a shift in buyer sentiment and increased availability of industrial land. The PSIEC auction included 26 plots of 500 sq yards each, offered on a 99-year leasehold basis. Participation in this round was steady but…