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

Welspun One to Lease 10M+ Sq Ft in Next 3 Years

MUMBAI: Welspun One, a platform focusing on warehousing and industrial real estate, is betting big on the domestic supply chain boom. The company has announced plans to lease over 10 million sq ft over the next three years, which is nearly double its current operational footprint. Included in these deals is a single-box facility covering 5.9 lakh sq ft for Amazon India, along with a 20-metre-high warehouse for AAJ Supply Chain. Additionally, part of the 10-million sq ft leasing is a controlled-environment facility exceeding 2 lakh sq ft, specifically built for a leading medical equipment manufacturer—highlighting the sector’s evolution beyond…

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Jhansi Greenfield Industrial City Receives Environmental Clearance

NEW DELHI: The Ministry of Environment, Forest and Climate Change has approved the environmental clearance for the greenfield industrial city project initiated by the Bundelkhand Industrial Development Authority (BIDA) in Jhansi, Uttar Pradesh. The project, part of the BIDA Master Plan for 2045, will span 253.33 sq km (62,599.20 acres) across 33 villages in the Jhansi tehsil, with an estimated investment of ₹1,51,571 crore. The project is anticipated to create jobs for over 5.6 lakh individuals, as stated by the authority. The ministry’s Expert Appraisal Committee evaluated the project framework on June 30, 2025, leading to initial approval on July…

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Adani Properties Wins MHADA’s Worli, Bandra Redevelopment Bids

NEW DELHI: Adani Properties has secured the top bid for cluster redevelopment projects at Adarsh Nagar in Worli and Bandra Reclamation, as confirmed by the Maharashtra Housing and Area Development Authority (MHADA). For the Sardar Vallabhbhai Patel (S.V.P.) Nagar project located in Andheri West, the highest bid has come from a consortium including Hanura Realty, Chandak Realtors, Premsagar Infra Realty, and Vantier Realty. Notably, Hanura Realty is a subsidiary of JSW Steel. The financial bids were unveiled for appointing construction and development agencies for these three cluster redevelopment projects overseen by MHADA’s Mumbai Housing and Area Development Board. The committee…

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West Bengal CM: Don’t Rush to Demolish Illegal Buildings

KOLKATA: Chief Minister Suvendu Adhikari has urged the Kolkata Municipal Corporation’s buildings department to avoid rushing into demolitions without prior notification, allowing those affected adequate time to defend their cases. During an interactive session with various municipal officials on Saturday evening, Adhikari underscored the need for careful consideration when addressing illegal constructions in the city. The Chief Minister advised KMC’s senior buildings officials to approach the demolition of structures inhabited by economically disadvantaged individuals cautiously, particularly where residents have purchased flats or built homes that do not significantly breach KMC regulations. Adhikari expressed his concerns in a meeting after the…

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Hyderabad: Second Raidurg land parcel sold for ₹204 crore/acre

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) achieved a remarkable Rs 204 crore per acre for a 5.09-acre plot at Raidurg during Monday’s e-auction. Reports indicate that Vamsiram builders acquired the prestigious plot for a total of Rs 1,040 crore. Last week, another plot measuring 6.29 acres was sold in the same area for Rs 237 crore per acre. Collectively, the two parcels totaling 11.38 acres have generated an impressive revenue of Rs 2,529 crore for the government. During Monday’s auction, the government secured a significant 46.8% premium over the reserved price of Rs 139 crore.…

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Suraj Estate Subsidiary Buys Mumbai Land Rights for ₹75 Crore

Representative image NEW DELHI: Suraj Estate Developers, via its wholly owned subsidiary Iconic Property Developers, has signed a memorandum of understanding (MOU) for the acquisition of development rights to 2,941 sq meters of land in Mahim (West), Mumbai, for a total cost of ₹75 crore. This land, when combined with the existing commercial property — Suraj One Business Bay — is expected to yield an additional saleable area of approximately 1.50 lakh sq ft, with an estimated gross development value (GDV) of ₹800 crore. Rahul Thomas, the whole-time director of the company, stated, “With this acquisition, the total GDV of…

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Puravankara to Co-Develop 11.23-Acre Site in North Bengaluru

NEW DELHI: Puravankara has entered into a joint development agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross development value (GDV) of ₹1,100 crore. The forthcoming residential apartment project will encompass approximately 0.74 million sq ft. Ashish Puravankara, Managing Director of Puravankara, stated, “FY26 marked a significant milestone for us, with record annual sales reaching ₹7,407 crore, representing a 55% year-on-year growth. As we strive towards our FY27 sales target of ₹11,200 crore, our focus will be on enhancing our presence in markets characterized by strong infrastructure, job accessibility, and sustained demand.” In FY26,…

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Chandigarh to Permit Industrial Plot Split for Four Kanal Units

Representative Image CHANDIGARH: The UT administration has proposed that fragmentation will only be allowed for industrial plots measuring 4 kanal and larger, as detailed in a draft released on Friday for public feedback. The administration aims to introduce a comprehensive framework for fragmentation under the proposed amendments to the Chandigarh Master Plan (CMP)-2031, which focuses on promoting sustainable and regulated development. A thorough guide will be provided to ensure the process is not misused. According to the proposal, plots with a width of less than 60 feet will not be eligible for fragmentation. For plots measuring 4 kanal and above,…

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Chennai to Issue Building Permits in 27 Days

CHENNAI: To combat bribery and reduce bureaucratic delays, the Greater Chennai Corporation (GCC) has mandated that the town planning department issue planning permissions and building permits within a maximum of 27 days. Officials are prohibited from summoning applicants, architects, or engineers during the application review. According to GCC commissioner Dr. G S Sameeran, this initiative aims to ensure timely service delivery, minimize delays, and enhance transparency for the public. The GCC has the authority, delegated by the Chennai Metropolitan Development Authority, to approve building permits for residential buildings up to two stories and commercial buildings up to three stories, as…

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Pay Property Tax by May 31 to Get Rebate: Chandigarh Civic Body

CHANDIGARH: The municipal corporation made a final appeal on Saturday to all residential and commercial property owners to pay their property tax by May 31 — the deadline for availing rebates during the current assessment period. Property owners are entitled to a 20% rebate on residential property tax and a 10% rebate on commercial property tax if paid by the deadline. Municipal Commissioner Amit Kumar encouraged taxpayers to either use the online payment system or visit Sampark centres to settle their dues and benefit from the rebates. He emphasized that timely payments not only save money but also facilitate the…