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

Sri Lotus Developers’ Stock Soars 31% on Debut

NEW DELHI: Shares of Sri Lotus Developers and Realty, supported by renowned investor Ashish Kacholia, ended their first trading day with a remarkable rise of over 31% compared to the issue price of Rs 150 on Wednesday. The stock debuted at Rs 179.10, reflecting a 19.4% increase from the issue price on the BSE. Throughout the day, shares soared by 31.3%, reaching a peak of Rs 197 each. Shares eventually settled at Rs 196.85, up 31.23%. On the NSE, the stock opened at Rs 178, marking an 18.67% rise. It eventually closed at Rs 195.80, a 30.53% increase, which is…

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Knowledge Realty Trust REIT IPO Soars 3.4x by Day 2

NEW DELHI: The initial public offering (IPO) of National Securities Depository Ltd (NSDL) achieved a subscription rate of 3.42 times on the second day of bidding, which occurred on Wednesday. The ₹4,800-crore REIT IPO received bids for 71,19,79,950 units against the 20,84,20,800 units available, reflecting a subscription rate of 3.42 times, based on data from the NSE. The segment allocated for other investor categories, including corporate and individual investors/NRI and HUF, was subscribed 5.88 times, while the institutional investors’ portion saw a subscription rate of 1.36 times. Knowledge Realty Trust announced on Monday that it has secured ₹1,620 crore from…

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Tax Scam Affects 1,000 Residents in Ahmedabad

AHMEDABAD: Picture waking up to a hefty property tax bill from the civic body, demanding payment for something you believed was settled long ago. This is the alarming reality for numerous residents in Ahmedabad, entangled in a “property tax scam.” This scam, affecting all city zones but particularly impacting the West Zone, has left over 1,000 property owners—who had settled their dues—receiving alarming bills from the Ahmedabad Municipal Corporation (AMC), some amounting to lakhs of rupees. This issue has been concealed for nearly five years. A senior AMC official suspects a group of touts or agents, who assisted citizens in…

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Karnataka Revises Setback Rules for Bengaluru Buildings

BENGALURU: In a significant development for future construction in the tech capital, the state government has amended the zonal regulations under the Revised Master Plan (RMP) 2015. Effective from August 1, this amendment introduces clear and updated setback norms for buildings, particularly those exceeding 12 meters in height. The term “setback” refers to the minimum open space required between a building and its property boundary. This has long been a contentious issue in urban planning within the city, where rapid vertical expansion has often outpaced regulatory guidelines. The new rules aim to clarify setback requirements based on building height and…

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Knowledge Realty Trust REIT IPO Fully Subscribed on Day 1

NEW DELHI: Knowledge Realty Trust’s initial share sale, sponsored by the Sattva Group and Blackstone, saw full subscription on its opening day, achieving a subscription level of 1.20 times. The ₹4,800-crore Real Estate Investment Trust (REIT) initial public offering (IPO) garnered bids for 25,049,130 units compared to the 20,842,080 units available, marking a subscription rate of 1.20 times, according to NSE data. Institutional investors accounted for 75% of the subscriptions, while the remaining categories, including corporate and individual investors (NRI and HUF), were subscribed to 1.75 times, as per NSE data. Knowledge Realty Trust announced on Monday that it had…

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UP CM Launches Atal Puram Township Project in Agra

Representative Image AGRA: Chief Minister Yogi Adityanath inaugurated the Atal Puram Township project on Tuesday, which is being presented as the Agra Development Authority’s largest housing initiative in 36 years, according to officials. The project, covering an area of 340 acres, is strategically located at the confluence of the Agra Inner Ring Road, Southern Bypass, and Gwalior Road. The Atal Puram will be developed in three stages across 11 sectors, providing housing for nearly 10,000 families. The plan encompasses 1,430 residential plots, 18 group housing plots, and 96 commercial plots. Incorporating world-class infrastructure, the township will feature underground utility ducts,…

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Lucknow Eases Housing Map Rules, Approves New Building Bylaws

LUCKNOW: Approval is now granted for maps of single residential buildings on government roads less than 9 meters wide. This decision was made during the 185th meeting of the Lucknow Development Authority (LDA) held on Tuesday. Chaired by LDA chairperson and divisional commissioner Roshan Jacob, the meeting saw the endorsement of various urban development initiatives, including high-tech housing projects across four city locations, a modern bus terminal at Charbagh, new electric vehicle infrastructure at Basant Kunj, and land acquisition for the upcoming housing scheme Naimishnagar near BKT and Varun Vihar by Mohan Road. The board meeting approved construction for single…

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CCI approves Dalmia Bharat’s bid for Jaiprakash Associates

Representative image created by AI NEW DELHI: The Competition Commission of India (CCI) has granted approval for Dalmia Bharat’s acquisition of Jaiprakash Associates Ltd (JAL), which is undergoing the insolvency resolution process. As stipulated by the Insolvency and Bankruptcy Code (IBC), approval from the competition authority is essential for submitting a resolution plan to participate in the bidding process. Other interested candidates in acquiring the financially troubled JAL, which spans various sectors including cement, real estate, hospitality, and fertilizer, include Adani Enterprises, Vedanta Group, Jindal Power, and PNC Infratech, all of whom have sought CCI approval for their respective plans.…

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Prestige Estates Q1 FY26 Net Profit Up 1.47%

NEW DELHI: Prestige Estates Projects has reported a 1.47% increase in its net consolidated profit for the quarter ending June 30, 2025, with a profit after tax of ₹311.50 crore for Q1 FY26, compared to ₹307 crore in the same quarter last year, as per the company’s filing with BSE. The net consolidated total income for Q1 FY26 reached ₹2,468.70 crore, marking a 21.94% rise from ₹2,024.50 crore during the equivalent period in the previous fiscal year. In April 2025, Prestige Hospitality Ventures (PHVL), a fully-owned subsidiary of Prestige Estates, submitted a draft red herring prospectus (DRHP) to the Securities…

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K Raheja Corp Acquires 7.4 Acres in Pune for ₹200 Crore

Representative image created by AI Realty developer K Raheja Corp’s subsidiary, KRC Queens, has purchased a significant 7.43-acre land parcel in Pune’s Mahalunge locality from Mahalunge Real Estate Developers for approximately ₹200 crore. The acquisition holds the potential for 1.7 million sq ft of built-up area, marking it as one of the largest land purchases in Pune’s western corridor in recent months. The Mumbai-based company has also paid a stamp duty of ₹13.67 crore for the registration of the deal, which was finalized on July 21, as per documents sourced through CRE Matrix, a real estate data analytics platform. Located…