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

Omaxe Group Raises ₹500 Crore from Oaktree

Representative image created by AI NEW DELHI: The Omaxe Group has successfully secured ₹500 crore in funding from Oaktree Capital Management L.P. The financing will expedite the completion of residential, commercial, and public-private partnership (PPP) projects, enhancing the company’s infrastructure and growth initiatives. “This capital infusion allows us to accelerate construction, lessen market reliance, and strategically invest in new ventures aligned with our core markets,” stated Mohit Goel, the company’s Managing Director. Atul Banshal, the Finance Director, mentioned, “We have made significant strides to fortify our balance sheet and enhance financial flexibility in recent years, repaying substantial debt while maintaining…

IndustryLatest Stories

BGO and Aditya Birla Sun Life AMC Provide ₹350 Crore to Namo Realtech

Representative image created by AI NEW DELHI: BGO and Aditya Birla Sun Life AMC have invested ₹350 crore in debt funding for Namo Realtech to support its growth in the real estate sector. Mohit Jain, Managing Director of Namo Realtech, stated, “This investment will enable us to fast-track our upcoming projects that are already in advanced stages of discussions with potential partners.” With this deal, Namo Realtech has secured commitments totaling $100 million for ten projects, managing around 7.8 million sq ft of real estate. Additionally, in collaboration with Max Estates, the company plans to launch a residential project in…

IndustryLatest Stories

Ludhiana Suvidha Kendras Now Open Weekends for Property Tax

LUDHIANA: To facilitate timely submission of pending property taxes, MC commissioner Aaditya Dachalwal has announced that zonal suvidha kendras will remain open on Saturday, July 26, and Sunday, July 27. This decision was made as July 31 marks the final date for property tax payments without incurring penalties or interest under the state’s one-time settlement (OTS) policy. Officials indicated that property taxes should be paid on a self-assessment basis annually. Failure to pay will result in a 20% penalty and 18% annual interest on the outstanding amount. Under the OTS policy, residents can settle their pending tax by July 31,…

IndustryLatest Stories

Lodha Developers’ Q1 FY26 Net Profit Soars 41.86%

NEW DELHI: Lodha Developers, previously known as Macrotech Developers, has reported a significant increase of 41.86% in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹675.10 crore in Q1 FY26, compared to ₹475.90 crore during the same period last year, as stated in a BSE filing. In Q1 FY26, the company’s net consolidated total income also rose to ₹3,624.70 crore, marking a growth of 24.21% from ₹2,918.30 crore in the corresponding quarter of the previous fiscal year. Abhishek Lodha, the MD & CEO, remarked, “Q1 FY26 has showcased our best-ever first quarter…

IndustryLatest Stories

Knowledge Realty Trust secures Sebi approval for ₹4,800-crore REIT

NEW DELHI: Knowledge Realty Trust, backed by the Sattva Group and Blackstone, has received approval from SEBI to initiate a public offering for its REIT, aiming to raise ₹4,800 crore. Last month, Knowledge Realty Trust (KRT) successfully gathered ₹1,400 crore from investors as part of the preparations for its first REIT public offering. In early March, KRT filed a draft red herring prospectus (DRHP) with SEBI to launch an initial public offering (IPO) and list the REIT on stock exchanges. This initiative is designed to monetize its portfolio of 30 premium office assets located in major cities. According to sources,…

IndustryLatest Stories

No OCs for Hyderabad Builders Over Illegal Debris Disposal

Representative image created by AI HYDERABAD: Building owners may be denied occupancy certificates (OCs) if they do not dispose of construction and demolition (C&D) waste properly, as the Greater Hyderabad Municipal Corporation (GHMC) plans to implement stricter regulations soon. In this regard, the state government has decided to require building owners to submit a C&D waste disposal certificate when applying for occupancy certificates with the GHMC. A government order regarding these regulations is expected within the next few weeks. Officials stress that this initiative aims to reduce illegal dumping on roadways, vacant lots, and water bodies, which has become a…

IndustryLatest Stories

Founder of Data for India Buys Vasant Vihar Plot for ₹113 Crore

Representative image created by AI Akhil Wable, the founder of DataforIndia, has purchased a 1,280-square yard plot in Vasant Vihar for Rs 113 crore from Eleannt Enterprises. The South Delhi-based real estate firm acquired the plot for Rs 95 crore earlier this year and paid Rs 6.65 crore in stamp duty. However, sources indicate that local authorities are denying permission for construction due to the plot’s proximity to the ridge area. In May, RealtyDailyNews reported that Eleannt Enterprises had executed one of South Delhi’s most expensive land deals. “South Delhi demonstrates a strong demand for real estate. Limited inventory from…

IndustryLatest Stories

Varanasi Body Launches Campaign for New Building Bylaws

Representative image created by AI VARANASI: The Varanasi Development Authority (VDA) is ramping up its initiative to educate the public about the UP Development Authority Building Construction and Development Bylaws-2025 and the Model Zoning Regulation-2025. After the state government endorsed the Building Construction and Development Bylaws-2025 designed to simplify the construction process, promote eco-friendly buildings, and support vertical growth, VDA Vice Chairman Pulkit Garg emphasized the agency’s commitment to spreading awareness through workshops and events aimed at informing builders and property owners of its benefits. Officials are also addressing concerns regarding provisions that require the approval of maps only for…

IndustryLatest Stories

Mahindra Lifespaces Q1 FY26 Net Profit at ₹51.26 Crore

NEW DELHI: Mahindra Lifespace Developers (MLDL), part of the Mahindra Group focused on real estate and infrastructure, reported a net consolidated profit after tax of ₹51.26 crore for the quarter ending June 30, 2025. This is a significant increase from the ₹12.74 crore profit recorded in the same quarter last year, according to a filing with the BSE. For Q1 FY26, the company’s net consolidated total income was ₹40.61 crore, reflecting an 80.25% drop from ₹206.70 crore compared to the previous year’s quarter. Amit Kumar Sinha, managing director & CEO, stated, “We started the year on a strong note, successfully…

IndustryLatest Stories

Arkade Developers Q1 FY26 Net Profit Drops 4.83%

NEW DELHI: Arkade Developers has reported a net consolidated profit decline of 4.83% for the quarter ending June 30, 2025. The company’s profit after tax was ₹28.75 crore in Q1 FY26, down from ₹30.21 crore in the same quarter last year, according to a BSE filing. The net consolidated total income for Q1 FY26 was ₹165.22 crore, reflecting a 31.64% increase from ₹125.51 crore recorded in the same quarter of the prior fiscal year. Amit Jain, the chairman and managing director, stated, “We are pleased to announce a robust year-on-year growth, with pre-sales up by 17.1% and collections increasing by…