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.

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Village circle rates soar along Lucknow expressway corridor

LUCKNOW: The Uttar Pradesh government has revised the circle rates for agricultural and non-agricultural land in various villages of the Lucknow district, especially those near proposed expressways and rapidly developing road networks. The updated valuation list, released by the Lucknow district magistrate and effective from Thursday, is set to influence land transactions, stamp duty collections, and future real estate investments in the area. As per the official notice, circle rates have risen in many villages under the Mohanlalganj, Sarojininagar, Malihabad, Bakshi Ka Talab, and Sadar tehsils. This revision came after soliciting public feedback and suggestions before finalizing the rates. The…

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Andheri to Begin Mumbai’s First 100-Acre Slum Redevelopment

Representative Image MUMBAI: Three corporations are vying for Mumbai’s inaugural cluster Slum Rehabilitation Authority (SRA) project, covering 100 acres in Andheri (West). The Juhu Gulli SRA scheme encompasses 28,061 slum hutments, existing residential tenants, and owners, stretching from Juhu Galli (C D Barfiwala Road) to the rear of Hansraj Morarji Public School. Under this cluster initiative, slums can be integrated with dilapidated non-slum buildings, tenant-occupied structures, and vacant plots unsuitable for construction. For the first time, major corporations in real estate—Shapoorji Pallonji Real Estate, Reliance 4IR Realty Development Ltd, and JSW Realty & Infrastructure Pvt Ltd—are participating in an SRA…

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Mandatory fire safety checks for Gurugram offices, malls, hotels

GURUGRAM: On Thursday, the district administration mandated fire safety audits for all hospitals, schools, malls, offices, hotels, and other commercial buildings in the city. This directive requires the fire department to assess the safety preparedness of these establishments. This decision follows a tragic hotel fire in Delhi that resulted in 21 fatalities, including eight local residents. Officials are tasked with verifying essential firefighting equipment, inspecting emergency exits, reviewing evacuation plans, and ensuring compliance with established fire safety regulations. The directive reflects growing concerns over safety standards highlighted by the recent incident. “All institutions must adhere to prescribed fire safety standards…

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Bihar CM: Build 11 Mega Parks, Create 50,000-Acre Land Bank

Representative AI image PATNA: Chief Minister Samrat Choudhary has directed officials to design and develop 11 large industrial parks throughout Bihar, including food parks in all 38 districts, with the goal of boosting industrial expansion and increasing job opportunities. He emphasized the importance of ensuring sufficient land availability for industrial development and proposed creating a land bank of 50,000 acres to facilitate upcoming projects and meet investor needs. These instructions were given during a high-level review meeting of the industries department held at Sankalp Sabhagar in Lok Sevak Awas. Samrat stated that Bihar should become an attractive destination for investors,…

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MCG Faces Property ID Backlog; 77% Files Stuck After Reshuffle

GURUGRAM: Just two weeks post the MCG’s significant reshuffle of 134 clerks across various departments, the property tax branch is facing substantial challenges. Reports indicate that the department is grappling with a considerable backlog of property-related objections. Data obtained by TOI reveals that there are currently 3,907 pending property ID-related objections at MCG. This comes on the heels of recent clerical transfers, predominantly from the property tax division, amid allegations of corruption and collusive practices with brokers. An analysis shows that 884 applications (22.6%) are delayed at the citizen level, whereas a staggering 3,023 files (77.4%) are awaiting processing within…

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Himachal Pradesh’s Land Pooling Policy to Follow Successful State Models

Representative AI image SHIMLA: The Himachal Pradesh government is set to draft a Land Pooling Policy inspired by successful land assembly models seen in states like Punjab. This decision came during a Cabinet Sub-Committee meeting chaired by Revenue, Horticulture, and Tribal Development Minister Jagat Singh Negi on Wednesday. The Cabinet Sub-Committee aims to devise solutions to ease congestion in Shimla and major industrial areas, such as Baddi-Barotiwala-Nalagarh (BBN), while placing special emphasis on relocating wholesale markets (mandis). During the meeting, detailed discussions took place regarding the development of a new township in the BBN area and establishing a satellite town…

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Delhi Home Minister: Seal Buildings Without Fire Safety NOC

NEW DELHI: In the wake of the Malviya Nagar fire that resulted in the loss of 21 lives, including 11 foreign nationals, Delhi Home Minister Ashish Sood announced on Wednesday that buildings lacking necessary fire safety measures and permits will be sealed. “We have decided to seal all structures that do not possess the required NOCs,” Sood stated after an emergency meeting led by Delhi LG Taranjit Singh Sandhu to assess the city’s fire safety protocols. The government will initiate a fire safety awareness campaign targeting residential buildings that do not require NOCs from the Delhi Fire Services, the minister…

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Kotak Alts closes 14th real estate fund near $1 billion

Representative AI image NEW DELHI: Kotak Alternate Asset Managers (Kotak Alts), the alternative assets division of Kotak Group, has successfully closed its fourteenth real estate fund at nearly $1 billion. The fund has received an anchor commitment from a subsidiary of the Abu Dhabi Investment Authority (ADIA) and funding from the National Pension Service of the Republic of Korea (NPS Korea). ADIA has committed over $675 million to this fund, marking the sixth consecutive investment by an ADIA subsidiary in Kotak Alts’ real estate platform. This is NPS Korea’s initial investment in Indian alternative assets, as per the company. Kotak…

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Rajasthan Lifts Height Restrictions, Embraces Skyscrapers

JAIPUR: In a bid to enhance urban development, Rajasthan’s cities may soon feature skyscrapers on par with those in Mumbai, Bengaluru, and Delhi. Following a central government regulation announced in January 2026, the state government has relaxed previous restrictions on building heights. A senior official from the Urban Development and Housing (UDH) department told TOI that this decision will propel vertical growth beyond residential buildings, facilitating the development of commercial towers, educational institutions, and healthcare facilities under a single roof. “Previously, the height of buildings in Rajasthan was capped at 70 meters, a limit set in 2020 based on the…

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Uttar Pradesh Acquires 100 Hectares in Ghaziabad for Industry

Representative Image GHAZIABAD: The district administration has acquired about 100 hectares of land in Modinagar’s Niwari for the establishment of an industrial hub, to be developed by the Uttar Pradesh State Industrial Development Authority (UPSIDA). On Monday, officials confirmed that the land acquisition process has concluded, with farmers receiving compensation at four times the prevailing circle rate. This acquisition is a crucial advancement in the state government’s efforts to enhance industrial infrastructure, attract new investments, and create employment opportunities in the rapidly evolving NCR region. Additional District Magistrate (Land Acquisition) Avaneesh Kumar informed the TOI that approximately 91 hectares were…