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

RIICO Offers Affordable Undeveloped Land to Attract Investors in Rajasthan

Representative image JAIPUR: Investors can now acquire undeveloped and semi-developed industrial land at reduced costs. In a recent directive, RIICO announced that the pricing will be based on the basic land cost (DLC), along with development and administrative fees. This shift away from transparent auctions aims to draw investors to remote industrial regions where demand is low and land remains unused. However, the directive applies universally to all industrial zones, including urban locations. According to RIICO’s July 15 order, the government intends to offer more affordable land to industries, with undeveloped and semi-developed land serving this purpose. Industries Minister Rajyavardhan…

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CM: Split Dharavi Land for Rehab Units and For-Sale Homes

Certainly! Here’s a rewritten version of your content: Representative image created by AI MUMBAI: Chief Minister Devendra Fadnavis has instructed the Dharavi Redevelopment Project (DRP) to enhance the size of rental tenements to 350 sq ft for residents not eligible for free housing and rehabilitation within the Dharavi notified area. For residents of planned buildings, the size will increase from 405 sq ft to 500 sq ft, as revealed by an RTI application regarding a meeting held on May 28. He also instructed the DRP to ensure that land in Dharavi be evenly split between the rehabilitation section and the…

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Central Park Engages Advisors for 2027 Real Estate IPO

Property developer Central Park is in the process of engaging a professional services firm and a merchant banker as part of its strategy to list its real estate business by early 2027, according to Amarjit Bakshi, the chairman and managing director. “We are pursuing the IPO route not for fundraising but to facilitate a transition to the next generation,” Bakshi stated. “We aim to establish partnerships, emphasizing the importance of compliance. Every shareholder must be regarded as a partner, and a listed company must fulfill its commitments and meet customer expectations.” Bakshi also mentioned that Central Park is planning a…

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Puravankara reports ₹68.55 crore net loss in Q1 FY26

NEW DELHI: Puravankara reported a net consolidated loss after tax of ₹68.55 crore for the quarter ending June 30, 2025, compared to a profit after tax of ₹14.78 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income for Q1 FY26 was ₹538.64 crore, reflecting a decline of 20.27% from ₹675.55 crore in the same quarter the previous year. Ashish Puravankara, the company’s managing director, commented, “Our handovers and sales did not meet expectations due to regulatory changes, including e-Khata and modifications in byelaws. Despite this, our team is optimistic about…

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Signature Global Targets 92% Growth by FY26

NEW DELHI: Realty firm Signature Global Ltd aims to boost its operational revenue by 92% this fiscal year, fueled by strong sales in its residential projects across Gurugram. According to its latest investor presentation, the company is targeting revenue of ₹4,800 crore for this financial year. Signature Global’s operational income reached ₹2,498.02 crore during the 2024-25 fiscal year. The company mentioned that it has “achieved around 19% of guidance.” It anticipates increased momentum in the upcoming quarters, driven by timely construction completions. In the real estate segment, revenue recognition can occur either upon project completion or via the percentage-of-completion method.…

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Pune civic body mandates project names in Marathi for developers

Representative image created by AI PUNE: The Pune Municipal Corporation (PMC) has mandated that developers display the names of residential and commercial projects in Marathi. “The central government has granted Marathi the status of a classical language. It’s essential for all projects under PMC’s jurisdiction to prominently feature their names in Marathi,” stated PMC commissioner Naval Kishore Ram in a circular released on Friday. The Maharashtra Navnirman Sena (MNS) advocated for this rule. MNS member Prashant Kanojia remarked, “Many developers have neglected the requirement to display names in Marathi. This new directive from the civic administration will enforce compliance.” Kanojia…

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Bengaluru Civic Body Faces E-Khata Grievance Backlog

Representative image created by AI BENGALURU: The BBMP is facing a growing backlash over 31,000 e-khata show-cause notices for property tax on parking areas, resulting in a significant backlog of unresolved grievances and a high rate of reopened complaints. In four wards—Kengeri, Hoodi, Horamavu, and Begur—over one-third of cases related to BBMP’s e-khata notices remain unresolved. As of August 7, 32 new complaints were reported, with 70 cases resolved in the past day, leaving 124 complaints pending. Additionally, 46 complaints were reopened, indicating dissatisfaction with previous resolutions. The Mahadevapura zone has the most unresolved complaints, with Hoodi (12 pending) and…

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DLF to invest ₹23,500 crore in ongoing housing projects

NEW DELHI: DLF Ltd, India’s leading real estate firm, plans to invest ₹23,500 crore to finalize its ongoing residential projects in Delhi-NCR and Mumbai. As outlined in an investor presentation, the total estimated cost to complete these launched projects is ₹23,500 crore. To finance the pending construction, DLF has reported a cash reserve of ₹10,429 crore, with ₹7,782 crore held in an escrow account regulated by the Real Estate Regulatory Authority (RERA). Furthermore, the company holds receivables totaling ₹37,220 crore from customers for residential properties sold. DLF’s Chief Financial Officer (CFO) recently stated in a conference call that the company…

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Kolte-Patil Developers’ Subsidiaries Exit Four Entities

NEW DELHI: Kolte-Patil Developers has initiated multiple stake sales and exited from associate entities through its subsidiaries as part of a portfolio reorganization. In a stock exchange filing dated August 7, 2025, the Pune-based developer announced that Kolte-Patil Lifespaces, a wholly-owned subsidiary, has exited its partnership with Amco Landmarks Realty, where it held a 36% stake. This exit was formalized through a deed of retirement on the same day, completed for ₹4 crore. Amco reported other income of ₹56 lakh and a net worth of ₹2.07 crore in FY25. Moreover, on August 6, 2025, the parent company and its subsidiaries…

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Indian REITs Surpass ₹1 Lakh Crore Market Capitalization

NEW DELHI: As of July 30, 2025, the total market capitalization of all four publicly listed Real Estate Investment Trusts (REITs) in India has surpassed ₹1 lakh crore. The four REITs are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. Alok Aggarwal, MD & CEO of Brookfield India Real Estate Trust and chairman of the Indian REITs Association, stated, “This fiscal year has started strongly, fueled by robust leasing activity, high occupancy rates, and continued growth in sector distributions.” According to Q4 FY25 data, India’s REIT market oversees gross assets under…