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

Corporate Giants Embrace Urban Regeneration Amid Redevelopment Race

Representative AI image MUMBAI: Major corporate groups in India are increasingly focusing on urban regeneration, indicating a transformative shift in the real estate sector where redevelopment is becoming as valuable as traditional land acquisitions. In recent months, firms linked to Reliance Industries, Adani Group, JSW Group, Shapoorji Pallonji Group, and Lodha Developers have been aggressively pursuing significant redevelopment opportunities across Mumbai, including aging housing colonies and extensive urban renewal schemes. Recently, Vedanta Group diversified into real estate, expanding its portfolio beyond metals and mining. “The increase of large corporates entering the Indian real estate sector indicates a transition from a…

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Puravankara to Co-Develop 6.4-Acre Site in Bengaluru

Representative AI image NEW DELHI: Puravankara has entered a joint development agreement for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated gross development value of ₹1,000 crore. The project will have a saleable area of approximately 0.8 million sq ft and will be developed as a residential project. The land is situated in Kaggalipura village, Sarjapura Hobli. The company stated that this transaction has increased its total potential gross development value (GDV) from acquisitions and JDAs in Q1 FY27 to ₹5,200 crore. In the first quarter of FY27, Puravankara announced four land transactions in Bengaluru, covering about 41.93…

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Credai Karnataka Urges Faster Approvals to Reduce Red Tape

BENGALURU: While the government is advocating for vertical growth to address the soaring demand for urban housing, developers are reporting that prolonged approval delays and bureaucratic hurdles are hindering project execution and delaying home deliveries. Recently, Karnataka has eased occupancy certificate (OC) regulations. Initially, residential buildings on plots up to 1,200 square feet were exempted from the OC requirement for electricity connections, which was later expanded to plots of up to 2,400 square feet, given they have approved building plans and adhere to basic compliance requirements. Additionally, the state is pushing for expedited, systematized online approvals to reduce delays in…

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West Bengal Issues 3-Page SOP for Builders’ Construction Audit

KOLKATA: On Monday, the state government issued a Standard Operating Procedure (SOP) for builders, requiring them to complete a three-page application form detailing project sanctions, permit numbers, and essential personnel involved. Major developers in Kolkata have welcomed this decentralized approach, as they now need to submit forms to relevant borough offices rather than the civic headquarters. Projects located in Salt Lake, New Town, and Rajarhat will submit their documentation to the Bidhannagar Municipal Corporation. In contrast, those in Howrah and Bally will direct theirs to the Howrah Municipal Corporation. Additionally, projects in municipalities like Pujali, Baruipur, Budge Budge, Maheshtala, and…

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Hyderabad Societies’ Land Trapped in Long-Lasting Legal Dispute

HYDERABAD: The highly desired neighborhoods of Banjara Hills, Jubilee Hills, and the adjacent Shaikpet mandal continue to grapple with long-standing land disputes. Housing societies and private landowners are embroiled in legal confrontations with the state government. What started decades ago has transformed into a complicated web of conflicting claims, fraudulent survey numbers, and unresolved land records, leaving thousands of acres in litigation. Officials estimate that approximately 2,000 acres in the Hyderabad district are disputed, with societies and individuals asserting ownership over land designated as state property. Revenue authorities recognize that inconsistencies in records, inadequate boundary delineation, and outdated surveys have…

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West Bengal Government Launches Worker Safety Audit Today

KOLKATA: An audit of under-construction high-rise buildings in areas like Kolkata, Salt Lake, New Town, Dum Dum, Joka, and Howrah will commence on Monday. This was announced by Kolkata Municipal Corporation administrator Smita Pandey and Kolkata Police commissioner Ajay Nand during a meeting with Credai representatives on Sunday. They mentioned that the standard operating procedure (SOP) for inspection and safety audits will be finalized by late Sunday or early Monday. The newly established SOP will allow for the audit of construction projects to begin promptly on Monday. Credai, the national body for leading developers, was briefed on the various aspects…

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Ghaziabad Sets 14-Day Deadline for Builders with New Map System

Sure! Here’s a rewritten version of the content: GHAZIABAD: The Ghaziabad Development Authority (GDA) has instructed developers with outstanding applications in the Online Building Plan Approval System to finalize map approvals within two weeks, prior to the transition to the new Fast and Simplified Trust-Based Plan Approval System. Applications that remain pending post-migration will need to be resubmitted on the updated platform. This new system aligns with the UP Building Construction and Development Bylaws, 2025, and incorporates advanced software to support new planning functions. It enables applicants to acquire extra floor area ratio (FAR), facilitate changes in land use, and…

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Prestige Group’s ₹65,000 Crore Unrecognized Revenue: Chairman

NEW DELHI: Realty developer Prestige Estates Projects Ltd has approximately Rs 65,000 crore in unrecognized revenue, attributed to robust sales of its residential properties over the past three fiscal years. The company reported record sales bookings of Rs 30,024 crore during the 2025-26 fiscal year, marking a 76% increase from the previous year. In an interview with PTI, Chairman Irfan Razack stated, “We have around Rs 65,000 crore in unrecognized revenue on our books. It’s a substantial amount.” Razack noted that the company employs a completion method for revenue recognition, meaning revenue is recorded only after the completion of real…

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“700 Sites Halt Work in Kolkata; Daily Losses at ₹25 Crore”

KOLKATA: Construction work halted at nearly 700 sites across the city on Thursday after the government issued a stop-work notice in response to the warehouse collapse and subsequent fatalities near Taratala. The real estate sector endured a tense day, hoping the government would reconsider its decision in the coming days, allowing established developers to resume significant projects. Industry representatives indicated that a five-week shutdown would be devastating, estimating daily losses from the stop-work order to be around Rs 20-25 crore. “Organized real estate projects are executed with strict supervision by qualified engineers, follow approved plans, and maintain high-quality control standards.…

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PE Real Estate Investment Falls 23% to $1.13B in Jan-Jun

NEW DELHI: Private equity investments in India’s real estate sector saw a decline of 23% to USD 1.13 billion during the first half of the year, driven by global uncertainties, as reported by Knight Frank. In comparison, PE fund inflows were USD 1.47 billion in the same period last year. According to Knight Frank India, office assets attracted 89% of the PE investments in the first half of this year, while the residential sector garnered the remaining equity inflows. Shishir Baijal, International Partner and Managing Director at Knight Frank India, stated, “The decline in PE investments during H1 2026 reflects…