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

Kalpataru Shares Debut Flat, Surge Over 9% Later

NEW DELHI: Shares of real estate developer Kalpataru Ltd had a flat debut on Tuesday, opening at the issue price of Rs 414 but later rallied by over 9%. The stock began trading at Rs 414.10 on the BSE and gained momentum, increasing by 9.42% to reach Rs 453. On the NSE, it was listed at Rs 414, before climbing 9.37% to Rs 452.80. The company had a market valuation of Rs 9,121.99 crore in early trading. Kalpataru Ltd’s initial public offering (IPO) was subscribed 2.26 times by the end of bidding last Thursday. The IPO’s price band was set…

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Gujarat Waives 80% Stamp Duty on Property Transfers

AHMEDABAD: The Gujarat government has announced an 80% waiver on stamp duty for property transfers conducted through allotment letters or share certificates by housing societies, associations, and non-trading corporations. This initiative aims to assist middle-income families. Chief Minister Bhupendra Patel made the announcement on Monday under Section 9(a) of the Gujarat Stamp Act, 1958. According to an official release, this decision is intended to provide significant relief to lower and middle-income families in relation to housing transfers, stating that “in cases where societies, associations, and non-trading corporations conduct property transfers through allotment letters or share certificates, up to 80% of…

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Haryana Digitizes Land Bank, Joins India’s Industrial Network

Certainly! Here’s a rewritten version of the content: CHANDIGARH: The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is enhancing its industrial infrastructure by digitizing its land bank module and aligning it with the India Industrial Land Bank (IILB). According to an official announcement made on Monday, e-auction processes and post-allotment services are now available online. The state is also advancing “plug and play” facilities through the establishment of flatted factories in strategic locations, including Industrial Model Township Faridabad, IMT Manesar Phase-V, Sohna, Kharkhoda, Karnal, Yamunanagar, and Saha. Haryana is committed to becoming one of India’s most business-friendly states, taking…

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Jaipur: Pay Urban Development Tax Online with JMC-Greater

JAIPUR: To enhance revenue generation, JMC-Greater is now offering residents the option to pay their urban development (UD) tax online or request home collection services. Starting July 1, the JMC-G will also conduct tax collection camps in all wards on a rotational basis. Officials have stated that property owners can call the toll-free number 1800-572-8545, which is managed by the corporation’s authorized firm, to arrange for a collection agent to visit their home. Additionally, UD tax payments can be made through any UPI application using the QR code printed on the UD tax bill. At the collection camps, property owners…

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Lucknow Property Rates Set to Increase with New Circle Rates August 1

Sure! Here’s a rewritten version of the content: LUCKNOW: The cost of residential and commercial properties in Lucknow is set to increase as the district administration plans to implement revised circle rates starting August 1. According to Rakesh Kumar, the additional district magistrate (finance), the new rates reflect an average increase of 15% across all property types, aiming to keep pace with the city’s rapid urban growth, improved infrastructure, and rising demand for properties. The last revision of circle rates was conducted in 2015. The new rates will affect 77 major arterial roads and 26 approved residential colonies. In prime…

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Adani Properties Secures NCLT Approval for HDIL Assets

MUMBAI: The National Company Law Tribunal (NCLT) has given the green light to Adani Properties for the acquisition of two assets from the insolvent Housing Development and Infrastructure (HDIL) as part of the corporate insolvency resolution process (CIRP). The acquired assets include a commercial property named ‘Inspire BKC’ located in Mumbai’s Bandra-Kurla Complex and a piece of land situated in Kalyan Shahad on the outskirts of Mumbai. Adani Properties was identified as the sole bidder submitting a proposal compliant with the Insolvency and Bankruptcy Code (IBC) for both assets. The resolution plan for the Inspire BKC project is appraised at…

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Notices to 266 for Home Business Operations & Code Violations

AI-generated Representative Image GURUGRAM: For the third week in a row, the district town planner (enforcement) team conducted an “office on the spot” drive in Sushant Lok phases 2 and 3. Approximately 266 notices were affixed to homes that violated building guidelines, zoning laws, and occupancy certificate regulations. Of these, 183 violations were found in phase 3 and 83 in phase 2, bringing the total to over 650 notices issued in the last three weeks. Led by DTP (enforcement) Amit Madholia, the team performed a door-to-door survey in Sectors 55, 56, and 57 to pinpoint properties being used for commercial…

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Auto Mutation of Property in Chandigarh Within a Week

CHANDIGARH: The property auto-mutation process for leasehold properties will now occur within two days, while freehold properties will take up to a week. The estate office has issued a Standard Operating Procedure (SOP) for its implementation across relevant departments. This system automates the mutation process based on registered property deeds, removing the requirement for separate applications from the transferee and minimizing manual intervention. It relies on real-time digital integration between the sub-registrar office (SRO) and the estate office. According to an estate office official, once a deed is registered at the SRO, the associated data and documents are securely sent…

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Landlords to Auction Bhadravati Civic Body Assets

CHANDRAPUR: In a surprising development, private landowners repossessed furniture and assets from the Bhadravati Municipal Council office due to unpaid rent totaling nearly 66 lakh for land leased for the town’s weekly market. The 30,033 square feet of land, owned by Raju Gundawar, Sanjay Gundawar, and Kishor Gundawar, was leased to the council in 2018 for a monthly fee of 66,000. Although initial payments were made, the council eventually defaulted, accumulating years of overdue rent. Despite repeated reminders and offers of payment plans from the landowners, the council failed to settle the outstanding debt. Consequently, the landowners sought legal recourse,…

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Norges Bank sells ₹42 crore in Raymond Realty; parent’s ₹221 crore deal

On Tuesday, Raymond Limited’s real estate division, Raymond Realty, made its debut on the stock market amid a block deal, as Norges Bank sold 4,12,585 equity shares valued at approximately Rs 42 crore. This transaction occurred slightly above the listing price of Rs 1,000 on the NSE but below the discovery price. Norges Bank, on behalf of the Norwegian Government Pension Fund Global, sold shares at Rs 1,005.94. Conversely, shares of Raymond Realty closed at Rs 999, down by Rs 40, which is nearly a 4% drop from the discovery price of Rs 1,039.30. The parent company, Raymond, also experienced…