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

No More Land Swap: Prayagraj Body to Refund Plot Buyers with Interest

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has made a significant announcement impacting thousands of homebuyers. The authority will no longer provide alternate land to allottees in its residential schemes who bought plots but did not take possession. Instead, they will receive a refund of their payments along with interest, promoting transparency and financial relief. The official announcement, released on Friday, is anticipated to affect approximately 8,000 allottees across different residential projects. Homebuyers interested in participating in a new residential scheme can apply to have their prior payment credited towards the new allotment. The PDA has clarified that alternate plots will…

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Creditors Approve Welspun-Ashdan for Lavasa Takeover, 92% Vote

MUMBAI: Creditors of Lavasa Corp have approved the Welspun-Ashdan consortium’s takeover of India’s first privately-owned hill town project, which faced administration due to overwhelming debt. Voting results released over the weekend indicate that the consortium, consisting of Welspun subsidiary Paschim Sagar Properties and Pune-based Ashdan Properties, received 92.21% of the votes, with the larger creditors, excluding homebuyers, supporting the plan. Another competitor, Valor Estate, secured 84.16% of the votes, primarily because Axis Bank, holding 8.89% of the debt, rejected the proposal, while ACRE ARC, with 6.54% of the debt, abstained from voting. These results come amid ongoing litigation in the…

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Delhi land parcels to receive 14-digit Aadhaar numbers

Representative AI image NEW DELHI: In a bid to digitize land records and enhance accountability, the Delhi government has introduced Bhu Aadhaar. Under this initiative, each land parcel in the city will receive a 14-digit Unique Land Parcel Identification Number (ULPIN), essentially creating a digital ‘Aadhaar’ for property ownership. Chief Minister Rekha Gupta announced the initiative on Sunday, stating that protecting property rights is its primary focus. “‘Bhu Aadhaar’ is more than just a number; it serves as a robust digital tool against corruption and land disputes. Many families invest their lifetime savings in land but often face legal challenges…

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Lodha Acquires 80% Stake in Solidrise Realty for ₹294.07 Crore

NEW DELHI: Lodha Developers has signed a share purchase agreement to acquire an 80% equity stake in Solidrise Realty (SRPL) for ₹294.07 crore. Following this acquisition, SRPL will operate as a subsidiary of the company, which is actively involved in the Pune real estate market. The acquisition aims to facilitate the company’s expansion into Pune, as stated in its regulatory filing. In the earnings report for Q3 FY26, Abhishek Lodha, the managing director and CEO, announced the addition of approximately ₹340 billion in gross development value (GDV) from new project developments, including two projects currently in the pilot phase in…

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UP Approves Policy to Redevelop Buildings Over 25 Years Old

GHAZIABAD: On February 10, the Uttar Pradesh government announced the Urban Redevelopment Policy, 2026, introducing a comprehensive framework for redeveloping unsafe and dilapidated buildings that contribute to “urban decay” and pose risks to residents statewide. The policy allows for the redevelopment of both public and private housing projects that are at least 25 years old and cover a minimum of 1,500 square meters, contingent on a mandatory structural audit. Additionally, defunct industrial units shuttered for over three years and declared bankrupt by the National Company Law Tribunal, without any ongoing legal disputes, are also eligible. Government agencies will oversee the…

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DDA to Reclaim 123 Disputed Land Plots in South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) has announced the re-acquisition of 123 land parcels in various south Delhi villages, responding to recent Supreme Court directives regarding land acquisition disputes. This action aims to protect potential buyers from purchasing sites currently under litigation. The notice from DDA’s land management department indicates that this re-acquisition aligns with Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. “The Supreme Court has rendered several judgments concerning land acquisition, particularly focusing on the applicability of Section 24(2) in matters involving DDA and…

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Uday Kotak Named Chairman of GIFT City, Gujarat

MUMBAI: Uday Kotak, a veteran banker, has been appointed as the chairman of GIFT City in Gujarat, succeeding former bureaucrat Hasmukh Adhia, as per a government announcement. GIFT City, or Gujarat International Finance Tec-City, aims to attract global capital with its favorable tax regulations, competing with established financial hubs like Singapore and Dubai. Earlier this month, the federal government extended the tax holiday for businesses setting up in GIFT City to 20 years. Uday Kotak is the largest stakeholder in Kotak Mahindra Bank, with a diverse financial portfolio that includes alternative investments, asset management, and insurance. Published On Feb 14,…

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Centre urges unified urban planning, expanded credit for housing needs

File Photo NEW DELHI: On Friday, Union Housing and Urban Affairs Minister Manohar Lal stressed the necessity for cooperation among policymakers, financial institutions, and urban planners to improve accessibility and inclusivity in housing finance, especially with the anticipated surge in India’s urban population. During a conference organized by the National Housing Bank (NHB) and the Asia Pacific Union for Housing Finance (APUHF), the minister underscored the importance of integrated urban planning, which includes developing housing linked to transportation and innovative policies to meet future demand. Citing a joint study conducted by NITI Aayog and the Ministry of Housing and Urban…

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FPCE: Many States Fail to Publish Real Estate Reports

NEW DELHI: The Forum for People’s Collective Efforts (FPCE) has highlighted that several state real estate regulators are neglecting their legal requirement to regularly publish annual reports. In a statement this Friday, FPCE pointed out their non-compliance with Section 78 of the Real Estate (Regulation and Development) Act, 2016. “Despite clear legal obligations and repeated instructions from the Ministry of Housing and Urban Affairs, over 75% of State RERA Authorities across India have either never published annual reports, stopped publication, or are not current,” FPCE noted. The organization urged the ministry to direct all RERA authorities to submit annual reports…

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Civil Aviation Ministry Reviewing Height Norm Relaxation for Real Estate

NEW DELHI: The civil aviation ministry is conducting an analysis on potential adjustments to height restrictions for real estate developments, with the aim of facilitating quicker vertical growth in urban areas where land is limited, Minister Kinjarapu Ram Mohan Naidu announced on Friday. He stated, “The Indian real estate market is projected to reach USD 1 trillion by 2030, driven by structural reforms, enhanced transparency, and increased investor confidence. It has the capacity to grow to USD 5-7 trillion by 2047.” Naidu was addressing attendees at the National Urban and Real Estate Development Conclave-2026 held in New Delhi. He highlighted…