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

NeoLiv Signs Land Development Deal in Khopoli

Representative image NeoLiv, a residential investment and development platform, has signed a management agreement for developing 47 acres of prime land in Khopoli, Maharashtra. The project, with an estimated gross development value of around ₹600 crore, will feature a mixed-use community, including premium villas, plots, and retail conveniences for a lifestyle-focused environment. “This represents one of our largest ventures in the country’s most sought-after micro-market. Supported by ultra-high-net-worth investors through our SEBI-approved fund, we aim to deliver residential developments nationwide,” stated Mohit Malhotra, founder and CEO of NeoLiv. The Panvel-Khalapur-Khopoli region has become a real estate hotspot in the Mumbai…

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Chandigarh Admin Berates CHB for Poor Performance

CHANDIGARH: Punjab Governor and UT Administrator Gulab Chand Kataria criticized the Chandigarh Housing Board (CHB) for its inadequate performance in fulfilling its mandate of providing affordable housing in the city. The board has faced scrutiny for its long-standing stagnation, failing to initiate a single housing project in almost a decade. During his inaugural visit to the CHB building in Sector 9, the administrator led a performance review meeting on Thursday, where various aspects of the board’s operations were discussed. He emphasized the need to reactivate the CHB to meet its objectives. Present at the meeting were CHB officials, including UT…

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Chandigarh raises property conversion charges

CHANDIGARH: Property owners in the city will face significantly increased fees for converting leasehold residential properties to freehold status. This change is part of a new notification from the Chandigarh administration, marking the first revision of these charges since 2017. The new fees have increased by two to four times, depending on property size and location, and are directly tied to updated collector rates. The notification indicated that the land rate for calculating conversion charges will be aligned with the collector rates (in Rs per sqm) applied to residential urban areas, as per the rates announced on March 25. Additionally,…

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SEBI Reclassifies REITs as Equity, Expands Investor Access

NEW DELHI: To enhance participation in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), the Securities and Exchange Board of India (SEBI) has approved amendments to the SEBI (Mutual Funds) Regulations, 1996, reclassifying REITs as “equity” while maintaining InvITs under the “hybrid” category for mutual fund and specialized investment fund investments. The decision, made during SEBI’s board meeting, is expected to facilitate greater mutual fund investment in REITs by including them in equity indices. The regulator noted that these changes followed public consultations in April 2025 and extensive discussions with industry stakeholders. This adjustment aligns domestic regulations with…

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Chandigarh to Hire Third-Party Agencies for Fire Safety Audits

Certainly! Here’s a revised version of the content: — CHANDIGARH: The Chandigarh Municipal Corporation is launching a significant reform to enhance fire safety in the city. This initiative involves empaneling certified third-party agencies to conduct fire safety audits for over 25,000 commercial and institutional buildings, including schools, hospitals, offices, factories, shopping malls, and high-rises. This effort comes in response to increasing concerns regarding substandard firefighting equipment and inadequate preparedness among building occupants. Currently, there are no regulations governing the suppliers or installers of fire safety systems, often resulting in inferior installations that fail during emergencies. Certified agencies will carry out…

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BMC Seeks Developers for Mumbai Slum Rehab on 26 Parcels

MUMBAI: On Thursday, the BMC announced the invitation for Expressions of Interest (EOI) from qualified developers to undertake slum rehabilitation projects on 26 civic-owned land parcels, as per Regulation 33(10) of the Development Control and Promotion Regulations 2034. BMC’s latest initiative comes four months after it sought EOIs for 64 Slum Rehabilitation Authority (SRA) schemes, covering approximately 49,000 structures over an area of about 8.4 lakh sq m, which attracted insufficient interest. A senior civic official commented, “BMC acts as the planning authority for 64 SRA schemes, of which 17 have been suspended. EOIs were solicited for 47 schemes in…

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NBCC Signs Deal with RIICO for ₹3,700 Crore Jaipur Project

NEW DELHI: State-owned NBCC has signed a Memorandum of Understanding (MoU) with the Rajasthan State Industrial Development & Investment Corporation Ltd (RIICO) to develop a project worth ₹3,700 crore in Jaipur. In a statement released on Thursday, NBCC announced the MoU with RIICO for the development of Rajasthan Mandapam and associated infrastructure near Jaipur International Airport. The project is estimated to be around ₹3,700 crore. NBCC will serve as the Executing Agency for this 95-acre project. According to the statement, “RIICO will provide NBCC with an initial interest-free advance of ₹50 crore, while NBCC will secure the remaining funds through…

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New Policy to Regularise 25,000+ Mumbai Buildings Without OC

MUMBAI: Ashish Shelar, the Guardian Minister for Mumbai Suburbs, announced on Thursday that a new government policy will soon regularize over 25,000 buildings in the city that have been denied Occupation Certificates (OC). This initiative, ahead of the upcoming civic polls, will provide significant relief to thousands of residents living in these structures who have been classified as “unauthorized occupants.” The decision was made during a meeting attended by the Brihanmumbai Municipal Corporation (BMC), along with the urban development, revenue, and co-operation departments, according to Shelar. “We are creating a policy to issue OCs for buildings constructed under the BMC’s…

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MIDC Notifies Three Developers, PMRDA Over Hinjewadi Traffic Issues

The Maharashtra Industrial Development Corporation (MIDC) has issued notices to three developers—Gera Developments, Godrej Properties, and VTP Realty—due to hazardous traffic conditions created on several roads in Hinjewadi Phase-III. Officials reported that vehicles carrying excavated material and ready-mix concrete were leaving muddy residue on the roads, creating dangerously slippery conditions. MIDC Executive Engineer RG Totla mentioned in the notice that this has resulted in four to five two-wheelers slipping on these roads. MIDC has mandated that the developers install tyre wash pits at their construction sites and ensure vehicles are cleaned before entering public roads. Additionally, the developers are required…