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

Prestige Estates to Buy 50% of Advent Hotels for ₹504 Crore

NEW DELHI: Prestige Estates Projects has entered into an investment agreement to acquire a 50% stake in Advent Convention and Hotels International, as disclosed in a regulatory filing. The acquisition will be completed through a cash payment, with the company and/or its wholly-owned subsidiary planning to invest up to ₹504 crore. The deal is expected to finalize within 45 days from the agreement date. The goal of this acquisition is to develop a commercial project on a 21,978.22 sq meters plot located in Sahar village, Andheri East, Mumbai. The upcoming project will offer a total leasable area of approximately 1.50…

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Brihanmumbai civic body orders halt to unsafe building projects

MUMBAI: On Monday, the Brihanmumbai Municipal Corporation (BMC) issued directives to developers and contractors to halt hazardous construction activities and implement strict safety measures at project sites, in response to a ‘red’ alert for severe rain and strong winds. The BMC emphasized that compliance with this advisory is mandatory, highlighting the importance of safeguarding workers, local residents, and the general public. In a message to developers, architects, licensed surveyors, contractors, project managers, and site engineers, the civic body requested inspections of scaffolding, tower cranes, material hoists, safety nets, formwork, tin sheets, and other temporary structures to ensure stability and secure…

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Haryana Limits Daily Property Registrations to 20 Appointments

Representative AI image CHANDIGARH: The Haryana government has announced a limit of 20 daily registration appointments per registration office at both tehsil and sub-divisional levels to enhance the efficiency of property registrations and minimize delays. The new token-based system, effective from Thursday, will issue daily and randomly generated tokens to eliminate any preferential treatment. Financial Commissioner of the Revenue and Disaster Management Department, Sumita Misra, has instructed all Deputy Commissioners to enforce this new arrangement rigorously. According to an official statement released on Friday, each district headquarters tehsil will issue 20 tokens per day randomly through the District Revenue Officer-cum-Joint…

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No Misuse of Flats, TDR in Kothrud SRA: Maharashtra Minister

PUNE: On Friday, State Cabinet Minister Shambhuraj Desai clarified that there had been no misappropriation of flats or fraudulent transfers of Development Rights (TDR) in the Kothrud Slum Rehabilitation Authority (SRA) project. Desai was responding to a question from MLA Sunil Kamble, representing the Pune Cantonment constituency, who alleged that fraudulent TDRs and fake beneficiaries were being recorded for the Kothrud SRA project. Kamble called for an investigation into the wrongful allocation of additional TDR in the scheme. Kamble pointed out that questionable electricity bills, ration cards, and other documents belonging to fictitious beneficiaries had been generated. These were used…

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Sunset Spaces to Invest ₹325 Crore in Mumbai Redevelopment

NEW DELHI: Sunset Spaces, a subsidiary of Marathon Nextgen Realty, plans to invest approximately ₹325 crore to redevelop a residential society in Versova, Mumbai. The company has signed a development agreement for the project, which spans about 1.5 acres. This redevelopment initiative has an estimated gross development value exceeding ₹450 crore, marking Marathon Nextgen Realty’s entry into society redevelopment. “I’m thrilled to announce Marathon’s entrance into society redevelopment with this Versova project. This is the first step in a strategic plan to establish a society redevelopment platform across selected micro-markets in Mumbai,” said Parmeet Shah, the company’s director. Published On…

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Sobha Q1 FY27 Sales Reach ₹3,656 Crore

NEW DELHI: In Q1 FY27, Sobha achieved quarterly sales worth ₹3,656 crore, marking a 76% increase compared to the same quarter last year. The company sold 2.34 million sq ft this quarter, a year-on-year rise of 62%, across 1,432 homes and plots, representing a 78% increase. Their sales value share reached ₹2,992 crore, the highest for any quarter to date. Bengaluru’s sales accounted for ₹2,067 crore, contributing 56.5% of total sales this quarter. NCR recorded ₹1,384 crore in sales, which comprised 37.9% of overall sales. Kerala contributed ₹134 crore, or 3.7% of total sales, while other cities combined contributed ₹71…

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Domestic Investors Hold 57% of Real Estate in H1 2026

NEW DELHI: In the first half of 2026, domestic investor inflows in Indian real estate surged by 80% year-on-year, reaching $2.6 billion, which made up 57% of all institutional investments during that period, according to a report from Colliers India. Overall institutional investments in the Indian real estate market amounted to $4.5 billion in H1 2026, representing a 50% increase compared to the same timeframe in 2025. This marks the highest capital inflow for the first half of a calendar year in six years. In Q2 2026, institutional investments grew by 70% year-on-year to $2.9 billion, bolstered by both domestic…

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Maharashtra Faces Over 128,000 Pending Land Survey Cases

MUMBAI: Revenue Minister Chandrashekhar Bawankule informed the Legislative Assembly on Thursday that there are currently 128,290 pending land survey cases in the state, with an average resolution time of 121 days. Bawankule responded to queries by MLA Bhimrao Tapkir. “To facilitate the appointment of licensed surveyors for survey work, amendments have been made to the Maharashtra Land Revenue (Boundaries and Boundary Marks) Rules, 1969, specifically Rule 13 of 1989. Criteria for technical qualifications, experience, age limit, honorarium, training, licensing, administrative control, and measurement will be established to streamline the tender process for appointing licensed surveyors at the district level by…

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Raymond Realty logs ₹700 crore in Q1 FY27 pre-sales

NEW DELHI: Raymond Realty reported pre-sales of ₹700 crore in Q1 FY27, a significant increase of 129% compared to ₹306 crore in the same quarter of the previous fiscal year, according to the company’s provisional operational update. The company achieved this performance without launching any new residential projects during the quarter. Quarterly collections rose by 47% year-on-year to ₹550 crore, bolstered by the existing project pipeline. The company deployed ₹198 crore in borrowings during the quarter, primarily for construction and working capital of projects initiated in FY26. Total outstanding borrowings reached ₹1,097 crore as of June 30, 2026, versus ₹380…

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Max Estates achieves ₹1,100 crore pre-sales in Q1 FY27

NEW DELHI: Max Estates reported pre-sales of ₹1,100 crore in Q1 FY27, marking a growth of over five times compared to the same quarter in the previous financial year. During the quarter, the company sold 487 units across its Noida and Gurugram projects, a significant increase from just 43 units sold in Q1 FY26. The recently launched Phase-I of The Terraces was completely sold out, contributing approximately ₹500 crore in sales revenue, while sustained sales added another ₹600 crore to the quarter’s total. Max Estates achieved collections of about ₹500 crore in Q1 FY27, reporting that annual collections typically represent…