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

Hyderabad Land Auctions Fall Flat, Most Plots Remain Unsold

Representative AI Image HYDERABAD: The Telangana government is making efforts to increase revenue through land auctions, though the Hyderabad Metropolitan Development Authority (HMDA) encountered a tepid response for its recent offerings, with most plots remaining unsold. In Turkayamjal, only two bidders showed interest in the 12 available plots, indicating a lack of market enthusiasm. After a two-year pause, HMDA resumed land auctions, offering 93 open plots for bidding from September 17-19 across the city. This include 70 plots in Bachupally, 12 in Turkayamjal, and four each in Kokapet, Poppalguda, Chandanagar, and Bairagiguda in the Rangareddy district. An additional seven plots…

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Eight Dead in 345 Building Crashes Since 2021: RTI

Representative Image MUMBAI: Between 2021 and August 2025, the city witnessed 345 incidents of total or partial cessed building collapses, resulting in 8 fatalities and 28 injuries, according to data acquired under the Right to Information (RTI) Act by activist Jeetendra Ghadge. While the number of deaths is lower compared to previous decades, records from Mhada spanning 1970 to 2018 indicate that 815 people have lost their lives in such incidents. The Maharashtra government modified the Mhada Act in 2020 to expedite the redevelopment of precarious cessed buildings. The 2020 amendments—which introduced Sections 79A and 79B—were a response to repeated…

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Catena Homes India faces ₹25-crore fraud claims over fake leases

BENGALURU: Catena Homes India Pvt Ltd, a Bengaluru-based property management company, is facing significant backlash after seven FIRs were lodged at various police stations. The complaints accuse the firm and its directors of defrauding tenants and homeowners of nearly Rs 25 crore through fraudulent lease and rental schemes. Authorities have arrested three individuals: Naveen, Raman, and Ranjith. The incidents span several areas, including Parappana Agrahara, Varthur, Ramamurthy Nagar, Amruthahalli, and Electronic City. The first complaint was registered by a resident of Bengaluru, who reported losing almost Rs 10 lakh on September 1 after being misled by the company’s rental promises.…

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Crores-Worth HSVP Plots in Panchkula’s Sector 21 Become Dumping Ground

Representative AI image PANCHKULA: Prime residential plots in Sector 21, Part 3, developed and auctioned by the Haryana Shehri Vikas Pradhikaran (HSVP) for millions of rupees have been shockingly converted into an unofficial dumping ground for horticulture and construction-demolition (C&D) waste, allegedly by vehicles from the Municipal Corporation and private contractors. According to reports, HSVP was responsible for development in the area after auctioning the plots to buyers last year, with some yet to be auctioned. However, following this, the development authority seemingly halted its activities, allowing private contractors to exploit the absence of oversight. Some residents hold the Municipal…

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Emaar Properties to Keep Stake, Considering JV with Major Firms

NEW DELHI: Dubai’s Emaar Properties has confirmed it will not sell stakes in its Indian subsidiary but is exploring potential joint ventures with major Indian business groups, including the Adani Group. In a regulatory update to the Dubai Financial Market on September 18, Emaar stated it “is no longer considering the sale of any stake in its Indian entity.” Instead, the company is looking into partnerships with large firms or groups in India, specifically mentioning the Adani Group. Emaar Properties first entered the Indian real estate market in 2005 by partnering with MGF Development, committing around Rs 8,500 crore through…

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Deputy CM Calls for Action on 65 Illegal Kalyan-Dombivali Builds

THANE: Maharashtra’s Deputy Chief Minister, Eknath Shinde, has initiated a rigorous investigation and legal measures against those responsible for constructing 65 unauthorized buildings in the Kalyan-Dombivli area of Thane district, officials announced on Friday. These buildings have been declared unauthorized by the High Court, leaving residents facing eviction after being misled by builders who sold them properties without legal sanction. “Deputy Chief Minister Eknath Shinde has instructed an investigation into the developers who deceived residents of these 65 unauthorized buildings in Kalyan-Dombivli. He has directed the municipal commissioner to lodge a complaint with the Economic Crime Investigation Branch,” the statement…

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Vasai Arrests: Only One Town Planner Remains, Files Pile Up

VASAI: The recent arrest of Y S Reddy, deputy director of the Vasai-Virar civic body’s town planning department, along with ex-commissioner Anil Pawar, in a money laundering scandal linked to alleged corruption and unauthorized construction, has led to unexpected consequences. The backlog of building project approvals has soared due to a staffing shortage, resulting in significant revenue losses. Following the arrests, one of the two remaining officials in the department took leave and has not returned, leaving only one town planner to manage operations. A civic official confirmed, “Due to the lack of senior planning officers, no files have been…

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Hero Realty Acquires 8.71 Acres in Mohali for ₹262.75 Crore

Representative image created by AI Hero Realty, through its subsidiary Vikas Parks Pvt. Ltd., has acquired a prime 8.71-acre land parcel in Sector 99, Mohali, through an auction held by the Greater Mohali Area Development Authority (GMADA) for ₹262.75 crore, according to sources familiar with the matter. The company plans to develop a residential project. “Mohali has always been a strategically important market for us. We continue to explore new collaborations to further enhance our presence in northern Indian cities,” stated Rohit Kishore, CEO of Hero Realty. Hero Realty has already established a footprint in Mohali with its Hero Homes…

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Indiabulls AMC, others resolve AIF violations case with Sebi

NEW DELHI: Indiabulls Asset Management Company, now known as Groww AMC, along with its schemes and former officials, settled a case with SEBI regarding alleged breaches of alternative investment fund regulations after a payment of ₹1.43 crore. Those involved in the settlement include Indiabulls AIF, Indiabulls Dual Advantage Real Asset Fund (IBDARA), Indiabulls Real Estate Fund (IBREF), Ambar Maheshwari, Amit Jain, and Parth Muria, as stated in a SEBI order. The case was related to violations reportedly dating back to 2017. In 2023, Indiabulls AMC was acquired by the fintech company Groww. It has three business sectors: mutual funds, alternative…

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First Kolkata property rate hike in 7 years will raise fees

KOLKATA: Property buyers in Kolkata and nearby regions will face increased stamp duty and registration fees due to the government’s revision of circle rates, which have risen by 15% to 90%. The new rates took effect on Wednesday. The circle rate serves as the minimum price set by the government for property registration. According to sources from the finance department, the rate revision comes after a seven-year hiatus and is intended to address the disparity between circle and market rates in many areas. “For instance, some properties are sold for ₹9,000/sq ft while the circle rate is ₹6,000/sq ft. We’ve…