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

Rajasthan Considers Easing Building Rules to Attract Investment

JAIPUR: The state government is contemplating easing building height and setback regulations to foster a more adaptable and investor-friendly urban development framework, aiming to spur industrial growth and enhance affordable housing. The government is considering the principle of “Everything is allowed unless explicitly prohibited,” which would eliminate the need for formal conversion of agricultural land for non-agricultural uses if the intended purpose aligns with the master plan. An official informed that Chief Secretary V. Srinivas has updated the cabinet secretariat regarding Rajasthan’s second phase of compliance reduction and deregulation, detailing a comprehensive reform roadmap designed to simplify business operations and…

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Keystone Realtors to Redevelop 8 Housing Societies in Andheri East

MUMBAI: Keystone Realtors has been awarded a significant redevelopment project for Om Nagar Co-operative Housing Society Federation in Andheri (East), Mumbai, with an estimated gross development value of approximately ₹1,775 crore. The project entails the redevelopment of eight housing societies, covering a total land area of around 20,569.90 square meters. As reported by the company, the redevelopment will facilitate the rehabilitation of 637 current members from these societies, and it is projected to create a free-sale potential of about five lakh square feet of carpet area. Boman Irani, chairman and managing director of Keystone Realtors, stated, “We are enhancing our…

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2,000 Mumbai Redevelopment Projects’ Debris Reported Missing

Representative AI image MUMBAI: A civic investigation has revealed that tonnes of construction debris from nearly 2,000 redevelopment projects intended for designated disposal sites have not been reaching their intended locations, according to officials from Mumbai Mirror. Environmentalists suspect that this waste has been sold to land mafia for illegal encroachment on Mumbai’s mangrove and wetland areas. This significant environmental oversight came to light when the Brihanmumbai Municipal Corporation (BMC) examined documents and discovered that builders had repeatedly listed just seven sites as waste disposal locations for over 2,000 projects. “There is no way that so much debris could fit…

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YEIDA earns ₹389 crore from Noida airport plot e-auction

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) raised a total of ₹389 crore from the e-auction of three group housing plots spanning approximately 13 acres. The combined reserve price for these plots was set at ₹283 crore, with final bids surpassing this figure by ₹106 crore, significantly boosting the authority’s revenue from the auction held on Friday. Provence Developers acquired one plot with a bid of ₹95 crore, Eldeco Infrastructure & Properties bid ₹105 crore, and Northwind Estate topped the auction with a bid of ₹189 crore. With these latest three allocations, the total number of…

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Real Estate Jobs May Reach 100 Million by 2030: Report

Representative AI image NEW DELHI: Employment in India’s real estate sector could soar to nearly 100 million by 2030, up from an estimated 70 million currently, according to a joint report from KPMG and NAREDCO. The report highlights that the existing job base encompasses construction, sales, design, and allied industries. It adds that every new real estate project generates demand across a broad supply chain, including cement, steel, bricks, paint, glass, fittings, logistics, and a variety of services. The study assesses India’s real estate market to be approximately ₹26.4 trillion now, with projections estimating growth to around ₹88 trillion by…

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Shriram Properties Buys 4 Acres in Bengaluru

Representative image NEW DELHI: Shriram Properties (SPL) has successfully acquired a four-acre land parcel on Sarjapur Main Road in South-East Bengaluru through an outright purchase. The company intends to develop a high-rise residential project on this site, which is projected to encompass approximately five lakh square feet of saleable area with an estimated gross development value (GDV) of ₹550-600 crores. The launch of the project is anticipated in the latter part of 2026. Additionally, SPL has recently completed the acquisition of 100% equity shares in Shrivision Upscale Spaces on February 9, 2026, through a cash transaction at ₹10 per share…

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Goa Achieves 25% Completion of Land Records Update

Representative AI image PANAJI: Despite initial resistance from some communities, the state government has successfully completed approximately 25% of the work needed to update land records and issue urban property cards (UrPro) to landowners. Concerns arose that the survey could affect certain village areas slated for municipal inclusion and might lead to the confiscation of properties owned by individuals residing abroad or those with no legal heirs. A senior official indicated that the government aims to complete the survey by the end of February, but if it remains unfinished, they will seek additional time from the authorities. The Goa (National…

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Odisha Officials Visit Chennai for Affordable Housing Insights

BHUBANESWAR: A delegation from the Odisha government recently visited Chennai to explore affordable housing and urban habitat programs backed by the World Bank and the Asian Development Bank (ADB), according to an official statement released on Friday. Led by Usha Padhee, the Additional Chief Secretary of the Housing and Urban Development Department, the team aimed to understand successful models of affordable housing delivery, institutional strengthening, innovative financing frameworks, and sustainable urban habitat development in Tamil Nadu. During their visit, Padhee, along with officials from the Odisha Urban Housing Mission (OUHM), engaged in detailed discussions with senior representatives from the Tamil…

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Signature Global, RMZ Team Up for Gurugram Mixed-Use Project

NEW DELHI: Signature Global (India) has partnered with RMZ to establish a joint venture focused on a mixed-use development featuring office spaces, hotels, and retail units along the Southern Peripheral Road (SPR) in Gurugram. According to the agreement, the companies will create a 50:50 joint venture, with RMZ investing ₹1,283 crore in the project. Pradeep Aggarwal, founder & chairman of Signature Global (India), stated, “The Southern Peripheral Road has consistently developed into a significant hub for residential and commercial projects, bolstered by robust infrastructure and connectivity.” As part of this deal, RMZ will acquire a 50% stake in Gurugram Commercity…

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Ahmedabad’s Blueprint for Disaster: Build Homes, Dig Later

Representative AI image AHMEDABAD: In regions surrounding Ahmedabad city, approvals for new residential and commercial buildings are being granted before establishing underground utility networks. Shela serves as a significant example of this planning oversight. In the past decade, the Ahmedabad Urban Development Authority (AUDA) has authorized over 50 residential and commercial projects along Club O Seven Road and VIP Road in Shela, where residents have already settled. Only now is AUDA initiating the installation of stormwater, drainage, and water systems. This haphazard approach is causing significant disruptions for residents in Shela, Bhat, Manipur, Godhavi, and Sanathal. Although the state government…