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

Punjab Cabinet Approves Changes to Land Pooling Policy

CHANDIGARH: The Punjab Cabinet has approved amendments to the state’s land pooling policy to provide enhanced benefits to landowners. During a meeting on Wednesday evening, the cabinet also agreed to waive facilitation charges for essential services such as birth and caste certificates in light of the ongoing Special Intensive Revision (SIR) of electoral rolls. Finance Minister Harpal Singh Cheema addressed the media on Thursday, announcing that landowners will now receive a commercial plot of 210 square yards for every acre of land contributed under the pooling policy, up from 200 square yards. As per the current policy, landowners are entitled…

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Signature Global Assesses Senior Living Sector

Representative AI image NEW DELHI: Signature Global (India) is exploring opportunities in the senior living segment as part of its long-term growth strategy, according to founder and chairman Pradeep Aggarwal. Aggarwal noted, “Senior living is becoming a vital segment in India’s residential real estate market, influenced by shifting demographics, increased life expectancy, changing family dynamics, and growing aspirations for improved quality of life among senior citizens.” He further mentioned that while the segment is still in its early stages and requires more ecosystem support, awareness, and scale, it presents significant long-term potential. “We are carefully examining opportunities in this area…

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9 in 10 Nagpur buildings fail fire safety inspections

NAGPUR: Fire safety compliance remains a significant issue in various areas of Nagpur, with over 90% of inspected buildings found violating crucial fire safety regulations in certain fire station jurisdictions. This information was disclosed by the NMC’s fire and emergency services department under the Right to Information (RTI) Act. The data, compiled from responses from individual fire stations for the period from 2023 to May 2026, highlights a concerning level of non-compliance despite regular inspections by the civic fire department. Among the fire stations, Sugat Nagar reported the highest violations, with 339 out of 373 inspected premises failing to meet…

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Nisus Finance invests ₹70 crore in three Bengaluru projects

NEW DELHI: Nisus Finance Services Co has allocated ₹70 crore across three residential projects in Bengaluru via its Real Estate Special Opportunities Fund I. The ₹1,700 crore fund is a SEBI-registered Category-II alternative investment fund managed by Nisus BCD Advisors LLP. The projects, developed by Sumukha Housing, a Bengaluru-based residential developer headed by Arjun Vasu and Varun Vasu, have a collective gross development value of approximately ₹300 crore. Sumukha Housing has successfully delivered over seven lakh sq ft of residential and commercial properties, focusing on low-rise residential communities throughout Bengaluru’s micro-markets. The RESO-I fund emphasizes structured credit in special-situation real…

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Ahmedabad civic body aims to monetize 209 properties

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) established its Asset Monetisation Cell in March 2025 and has selected a consultant to develop strategies for generating revenue from civic properties. In the initial phase, the consultant will focus on monetizing over 209 assets, such as 20 gardens, 25 schools, 50 community halls/party plots, and 10 lakes. The AMC aims to create revenue streams by establishing amusement parks or food courts on land within city gardens and near lakes. Officials indicated that management of community and party plots might be outsourced to private contractors. Additionally, school buildings could be leased out during non-operational…

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Relief for 270 Bengaluru sites; 55 still unresolved

BENGALURU: The Bangalore Development Authority (BDA) is poised to provide significant relief to over 250 site owners in Banashankari 6th Phase embroiled in the Turahalli forest buffer zone dispute in southern Bengaluru. The BDA has requested the forest department to facilitate a one-time settlement to resolve the deadlock concerning its legally allotted sites. Essentially, these site owners will regain full possession, granting them the freedom to either build their homes or secure their sites. These sites have been in limbo since they were classified as part of the buffer zone for the Turahalli forests, preventing construction despite holding all valid…

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Shirish Godbole appointed chairperson of Indian REITs Association

NEW DELHI: The Indian REITs Association has appointed Shirish Godbole, CEO of Knowledge Realty Trust, as its new chairperson, effective immediately, according to a statement from the industry body. He takes over from Alok Aggarwal, who resigned after retiring as managing director and CEO of Brookfield India Real Estate Trust. Established in 2023 under the guidance of SEBI and the Ministry of Finance, the Indian REITs Association is a non-profit organization dedicated to fostering the growth of India’s real estate investment trust sector. Member organizations include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus…

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Nambiar Builders to Invest ₹1,900 Crore in Bengaluru Phase-III

NEW DELHI: Nambiar Builders plans to invest ₹1,900 crore in Phase-III of its integrated township, District 25, located on Sarjapur Road, Bengaluru, targeting a projected revenue of ₹3,071 crore. This phase covers 11 acres and will feature 1,202 homes across eight towers. District 25, Phase-III will include 2 BHK, 3 BHK, 4 BHK, and 4.5 BHK apartments ranging in size from 1,250 sq ft to 2,980 sq ft, with prices starting at ₹1.62 crore. District 25 is part of a larger 63-acre approved township, with further expansion pending approval. The township is situated on Chandapura-Dommasandra Road. Published On Jul 1,…

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Godrej Properties Buys 4.95 acres in Noida for ₹331.75 Crore

Representative AI image NEW DELHI: Godrej Properties has secured the highest bid for a 4.95-acre residential land parcel in Sector 151, Noida during an e-auction hosted by the New Okhla Industrial Development Authority (NOIDA). The land was acquired for ₹331.75 crore, as indicated on the e-tendering portal of HDFC Bank. NOIDA will issue the allotment letter following the necessary procedures. The land spans 20,050 sq meters and is set to be developed into a residential group housing project, with expected revenues exceeding ₹2,000 crore. This project will feature premium residential apartments in various configurations. Earlier this month, Godrej Properties also…

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IBBI Aims to Simplify Real Estate Insolvency for Homebuyers

The bankruptcy regulator proposed several measures on Tuesday to streamline regulations and expedite insolvency processes in the real estate sector. This includes allowing the exclusion of completed or unaffected housing projects from the rescue procedure, pending agreement from financial creditors. In its discussion paper, the Insolvency and Bankruptcy Board of India (IBBI) suggested safeguarding project-specific cash flows to prevent fund diversion. It aims to require resolution professionals to maintain project-specific financial records and ensure all transactions are conducted through designated bank accounts. Additional proposals include simplifying the handover process for homebuyers, creating a standardized claim form for real estate allottees,…