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

Lack of Access Roads? OCs Denied for Projects, Says Haryana Minister

GURUGRAM: Following complaints from homebuyers about misleading promises from developers regarding wide roads and easy access to housing societies, the Haryana government is taking steps to tighten its approval system. On Saturday, Industries and Commerce Minister Rao Narbir Singh announced forthcoming policy changes aimed at ensuring builders adhere to established norms. Occupancy certificates will be withheld if 24- or 30-metre-wide roads shown in maps are not actually built. During a meeting with officials from HSVP, GMDA, and the Town and Country Planning Department, Singh emphasized that this issue has become increasingly common in Gurgaon’s newer sectors. The meeting was attended…

IndustryLatest Stories

₹10 Lakh Crore Investment in Urban Infrastructure Ahead: Housing Sec.

NEW DELHI: Srinivas Katikithala, Secretary of the Ministry of Housing & Urban Affairs, announced on Friday that India’s urban sector is poised to attract investments of around ₹10 lakh crore in the coming years to develop infrastructure. He emphasized that housing will play a crucial part in this investment and urged the infrastructure industry to engage actively in this initiative. Katikithala spoke at NAREDCO’s National Convention held in Delhi, highlighting that nearly ₹30 lakh crore has already been invested in urban infrastructure over the past decade, contributing to India’s rapid growth trajectory. He also revealed that essential reforms will be…

IndustryLatest Stories

Bidders Urge Mysuru Development Body to Finalize High-Value Auctions

MYSURU: In a move that may quell concerns from developers, activists, and politicians regarding a potential scam in the online auction of Mysuru Development Authority (MDA) sites, approximately 118 bidders have approached the authority to finalize paperwork for auctioned sites since the start of the month. The top bidder for a 745 sqft plot in the II phase of Vijayanagar IV stage, West Mysuru, has placed a staggering bid of Rs 2 crores, while another bidder has quoted Rs 9 crores for a larger 4,133 sqft plot. Both have visited the MDA office to complete formalities. Buyers will need to…

IndustryLatest Stories

Bidders Want Mysuru Body to Finalize High-Value Site Auctions

MYSURU: In a surprising turn of events that may quell concerns among developers, activists, and politicians regarding potential fraud in the online auction of Mysuru Development Authority (MDA) sites, approximately 118 bidders have approached the authority to finalize the purchase of auctioned sites from earlier this month. The highest bid recorded was for a 745 sqft plot in the II phase of Vijayanagar IV stage, West Mysuru, which fetched an astonishing Rs 2 crores. Another bidder offered Rs 9 crores for a 4,133 sqft plot. Both bidders visited the MDA office to finalize the necessary documentation. Additionally, buyers must account…

IndustryLatest Stories

Deadly Dreams: The Vasai-Virar Real Estate Scam

MUMBAI: A severe housing scam is currently unraveling in the Vasai-Virar suburb, jeopardizing homebuyers amid collusion with civic officials. Unchecked construction mafias are building unauthorized structures using forged Commencement and Occupation Certificates. These illegal properties are subsequently sold to unsuspecting buyers, offering the false promise of legal approval—an alarming fraud with dire repercussions. Death Trap A senior officer from the Mira Bhayandar Vasai Virar (MBVV) Police confirmed that the Ramabai Apartment, which tragically collapsed in Virar, claimed 17 lives and was constructed by a fraudulent builder using fake certificates. “When a builder resorts to forging Commencement or Occupation Certificates, they…

IndustryLatest Stories

Gorakhpur: ₹5,800 Crore Investment, Record Land Allotment to GIDA

Representative image created by AI LUCKNOW | GORAKHPUR: Recent incentive-driven policies, combined with enhanced business facilitation and connectivity, have attracted notable national and multinational companies to invest in Gorakhpur, previously overlooked by many investors, stated officials from the Gorakhpur Industrial Development Authority (GIDA) on Wednesday. According to Anuj Malik, CEO of GIDA, “The authority has allocated a record 182 acres of land for 54 new units, paving the way for a capital investment of Rs 5,800 crore and the creation of 8,500 jobs.” He further noted that, “Over the past five years, GIDA has received proposals amounting to Rs 9,445…

IndustryLatest Stories

Settle Pattayam Land Violations Now

THIRUVANANTHAPURAM: On Wednesday, the state cabinet approved the rules for implementing the Kerala Land Assignment (Amendment) Act, which will allow for the regularization of pattayam lands that have previously violated conditions, as well as provide for alternative uses under regulation. This decision symbolizes the next phase in the process that began with the passage of the amendment in the assembly last year. Chief Minister Pinarayi Vijayan stated that the measure aims to resolve longstanding issues in the high ranges. “Since 2016, addressing land-related problems for the residents in the high ranges has been a major goal of this government. This…

IndustryLatest Stories

Sri Lotus Developers’ Q1 FY26 Profit Falls 36% to ₹26 Crore

NEW DELHI: Sri Lotus Developers and Realty Ltd experienced a 36% drop in consolidated net profit, reporting Rs 25.78 crore for the first quarter of this fiscal year. This is a decline from Rs 40.16 crore during the same period last year. The company’s total income decreased to Rs 68.09 crore in the April-June quarter, down from Rs 122.46 crore in the same quarter last fiscal year, as per a regulatory filing on Tuesday. Earlier this month, Sri Lotus Developers and Realty Ltd successfully launched its Initial Public Offering (IPO) and was listed on the stock exchanges. Published On Aug…

IndustryLatest Stories

Gaursons to Mortgage Mall for ₹315 Crore to Clear Flat Dues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has provisionally approved a proposal from Gaursons Group to mortgage part of its Gaur City Mall in Greater Noida West. This mortgage will serve as security for additional compensation dues owed to farmers, facilitating the execution of about 2,100 long-awaited sub-lease deeds in three housing projects by the developer. This decision aims to relieve residents who have taken possession of their flats but have not yet secured legal ownership. Without these sub-lease deeds, residents are caught in legal uncertainty, despite having fully paid for and occupied their flats in the three projects.…

IndustryLatest Stories

Bihar Offers Free Land and ₹40 Crore Interest Support to Investors

PATNA: On Tuesday, the Bihar government unveiled a new policy that offers free land and interest subsidies of up to Rs 40 crore to investors in the industrial sector. Chief Minister Nitish Kumar stated that the ‘Bihar Industrial Investment Promotion Package 2025 (BIPPP-2025)’ aims to enhance industrial development in the agrarian state, generating approximately 1 crore jobs over the next five years. “To encourage industry in Bihar, the government has introduced the Bihar Industrial Investment Promotion Package 2025 (BIPPP-2025) following the BIADA Amnesty Policy 2025. This includes interest subsidies of up to Rs 40 crore for investors,” he shared in…