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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Lucknow body to keep property sector rates unchanged

LUCKNOW: The Lucknow Development Authority (LDA) has announced that it will not be raising the sector rates for its properties. This decision means that the anticipated increase in district magistrate circle rates will not impact the prices of LDA properties valued according to reserved sector rates. In addition, prices for apartments built under various LDA schemes will remain stable, as these rates were already frozen for one year following a resolution by the LDA Board. According to a proposal approved by the LDA Board, the price of flats sold under the ‘first come, first served’ scheme will remain unchanged for…

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Tamil Nadu launches ‘Deemed NOC’ for planning permits

CHENNAI: Beginning July 1, the state government implemented a time-limited ‘deemed NOC’ system to simplify the process of obtaining No Objection Certificates (NOCs) for planning permissions. This initiative aims to cut down bureaucratic hurdles, enhance transparency, and expedite project approvals, particularly in the housing and infrastructure sectors. “This is the first instance of a state introducing such a system. While the Government Order was issued on October 24, the specific regulations for deemed NOCs are now available. This is a positive development for the housing and related industries, potentially saving three to six months in the NOC acquisition process,” stated…

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Crisil: Residential Real Estate to Grow 10-12% Annually by FY27

NEW DELHI: The residential real estate market in India is projected to maintain steady growth over the next two fiscal years, with a sales value increase of 10-12% annually. This growth is attributed to the rising demand for premium and luxury homes, as noted in a recent report by Crisil Ratings. Sales volumes are estimated to rise by 5-7%, with average prices expected to appreciate moderately by 4-6%. This reflects sustained end-user demand, enhanced affordability due to lower interest rates, and a smoother rollout of projects in key urban regions. This follows a post-pandemic growth period where the sector achieved…

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Bengaluru Property Work Stalled by e-Khata Delays

BENGALURU: The implementation of e-Khata, a digital property document system designed for property sales, building approvals, and ownership regularization, is facing significant hurdles in Bengaluru. Launched citywide in 2024 and accessible via Bruhat Bengaluru Mahanagara Palike (BBMP) offices, Bengaluru One centres, and public drives, this system aimed to streamline property documentation and safeguard against fraud. However, residents are experiencing severe delays attributed to server outages, document mismatches, and insufficient options for correcting errors in draft e-Khatas. While approximately 25 lakh properties are listed with draft e-Khatas online, only 5.34 lakh have received official approval to date. Without a reliable process…

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UP Cabinet to Announce Revised Bylaws for Vertical Development

LUCKNOW: The state government is set to announce revised building bylaws designed to facilitate swift urbanization and bolster economic activities, promoting vertical development. Sources indicate that the housing department has submitted its final proposal to the government, which is anticipated to be discussed in the upcoming cabinet meeting. The updated rules will enable property owners to optimize use of available land space. Officials report that over 1,000 objections and suggestions were reviewed, with some affecting the final draft. The state has amended the building construction and development bylaws since their establishment in 2008, aiming to align with stakeholder expectations. As…

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Domestic Investment in Indian Real Estate Soars 53% to $1.4B

Here’s a rewritten version of your content: — New Delhi: In the first half of 2025, India’s real estate sector drew in USD 3 billion in institutional investments, of which nearly half (48%) came from domestic investors, according to recent data from Colliers. Although total inflows saw a 15% year-on-year decline, domestic capital surged by 53% to USD 1.4 billion, acting as a vital cushion against decreasing foreign investments. Domestic investments, which traditionally took a back seat, have risen significantly from just 16% of total investments in 2021 to nearly half in H1 2025. Conversely, foreign investments fell 39% year-on-year…

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NCR Sees 7.2M Sq Ft Office Leasing in H1 2025

NEW DELHI: The National Capital Region (NCR) has outshined other Indian cities in both commercial and residential real estate during the first half of 2025, achieving a record 7.2 million sq ft of office space leased and a significant increase in ultra-luxury home sales, as reported by Knight Frank India. Office Market: Record Leasing Momentum in NCR NCR’s office leasing rose by 27% year-on-year, reaching an unprecedented high and signaling the region’s growing status as a commercial hub. Gurugram, recognized as NCR’s corporate focal point, represented a remarkable 65% of total office leasing, a notable increase of 900 basis points…

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Real Estate Firms Triple Capital Raised in FY25: Equirus Capital

NEW DELHI: Capital mobilization by real estate firms has more than tripled in FY25, reaching ₹3,28,526 million, up from ₹1,09,554 million in FY24, as reported by Equirus Capital. The number of transactions rose significantly from 5 to 17 during the same period. Large-cap companies led the fundraising efforts, raising ₹3,93,898 million, followed by REITs at ₹3,12,012 million. Small-cap and mid-cap firms gathered ₹66,938 million and ₹52,626 million, respectively. According to Equirus Capital, returns from Real Estate Investment Trusts (REITs) were at 17.9% for the 12-month period ending June 23, 2025—nearly three times the Sensex’s returns of 6.1%. In contrast, publicly…

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Raymond Realty to List on Exchanges, Forecasts Over 20% Growth

File Photo NEW DELHI: Raymond Realty (RRL), the real estate division of Raymond Group, is set to debut on Indian stock exchanges after its demerger from Raymond. The goal of this listing is to enhance shareholder value by forming a focused, debt-free real estate entity. Harmohan Sahni, MD & CEO of the company, stated, “Our net debt-free balance sheet, ownership of 100 acres of land, and a capital-efficient joint development model position us for sustainable annual growth of over 20% and an industry-leading ROCE exceeding 20%.” RRL operates under three residential brands: TenX, The Address by GS, and Invictus. The…

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Keystone Realtors to Redevelop 25 GTB Nagar Buildings

AI-generated Representative Image NEW DELHI: Keystone Realtors has successfully obtained the letter of acceptance (LOA) for redeveloping 25 buildings of Sindhi refugees at Guru Teg Bahadur Nagar (GTB Nagar) in Sion Koliwada, Mumbai, in collaboration with the Maharashtra Housing and Area Development Authority (MHADA). The redevelopment spans approximately 11.19 acres (45,308 sq. meters) and aims to benefit over 1,400 families. This project is expected to generate a saleable area of about 20.7 lakh sq. feet, with a projected gross development value (GDV) of ₹4,521 crore. Boman Irani, Chairman and Managing Director of Keystone Realtors, expressed, “We are honored to receive…