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

MHADA Spots 82 Unsafe Buildings in Mumbai Island

NEW DELHI: The Mumbai Building Repairs and Reconstruction Board of the Maharashtra Housing and Area Development Authority (MHADA) has identified 82 highly hazardous cessed buildings on Mumbai city island through its annual pre-monsoon inspection. This year, 43 of these buildings were previously marked as dangerous last year. In total, 2,736 individuals reside in these structures, comprising 2,256 residential and 480 non-residential occupants. Notably, the board has issued eviction notices to 176 residential occupants, commanding them to vacate. Out of these, 29 tenants have been relocated to MHADA transit camps, while 36 have secured alternate housing. The eviction process for the…

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Ghaziabad Builders Urged to Give Noon Breaks to Workers

GHAZIABAD: The local authorities have issued a guideline urging builders to refrain from employing laborers on construction sites from 12 PM to 4 PM due to the ongoing heatwave conditions. The labor department has initiated an awareness campaign at construction areas and labor congregation points throughout the district. This effort aims to educate workers on heatwave precautions and provide them with ORS solutions and cold beverages like shikanji. “As part of our initiative, we have conducted camps at major construction sites in Siddharth Vihar and Wave City, reaching out to at least 20,000 workers. Officials distributed towels, ORS packets, and…

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CREDAI Visakhapatnam Calls for Easier Registration for Housing Projects

Representative AI image VISAKHAPATNAM: CREDAI Visakhapatnam has requested the stamps and registration department to implement a project ID-based framework under CARD 2.0 to enhance the registration process for gated communities and large residential projects. The association submitted a representation to the deputy inspector general of the stamps and registration department, praising the CARD 2.0 initiative for reinforcing digital governance, transparency, and improved public service delivery. However, they noted that the current check slip generation before registration consumes considerable time, particularly for large residential projects, often exceeding 90 minutes. CREDAI pointed out that the repetitive entry of information for each unit,…

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Telangana: Raidurg Land Rakes in ₹5,000 Crore in 8 Months

HYDERABAD: In just eight months, a two-square-kilometre area in Raidurg—Hyderabad’s Knowledge City—has generated over Rs 5,000 crore for Telangana, emerging as the state’s prime real estate destination. The Telangana Industrial Infrastructure Corporation (TGIIC) has propelled this significant revenue surge through multiple high-value land auctions, further solidifying Raidurg’s position as a crucial income generator for the state government. Officials call the 439-acre region a “gold mine,” attracting IT firms, corporate giants, and notable institutions such as T-Hub and T-Works, all benefiting from the area’s premium location. Its proximity to the international airport and strong connectivity have enhanced its attractiveness. The Congress…

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PPCB Highlights Compliance Issues, Urges Builders to Follow EC Norms

CHANDIGARH: The Punjab Pollution Control Board (PPCB) recently conducted an interactive session with the Builders Welfare Association in Zirakpur, aimed at enhancing awareness about environmental compliance and the importance of adhering to Environmental Clearance (EC) conditions during construction. The session, led by the PPCB’s Mohali regional office, was overseen by superintending environmental engineer Gursharan Dass Garg and executive engineer Kanwaldeep Kaur. They emphasized the need to simplify regulations and improve compliance in housing and construction projects. Garg highlighted the importance of strict compliance with EC conditions throughout both construction and operational phases. Builders were encouraged to visibly display environmental guidelines…

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Shriram Properties aims ₹3,750-4,000 crore pre-sales by FY27; Pune set to surpass Chennai

NEW DELHI: Shriram Properties aims for pre-sales between ₹3,750 and ₹4,000 crore in FY27. This strategy includes new launches across Bengaluru, Chennai, Pune, and Kolkata, as the developer seeks to solidify its hold in current markets before expanding further. For FY26, the internal pre-sales target was set at ₹2,750 crore, and the company anticipates support for growth from delayed launches from the previous year. The company is intensifying its focus in Pune, adding around three million sq ft of new projects since its initial launch in the city. Murali Malayappan, Chairman & Managing Director, along with Gopalakrishnan J, Executive Director…

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Record Land Auction in Raidurg: 1 Acre Sells for ₹237 Crore

Representative Image HYDERABAD: In a record-breaking e-auction held by the Telangana State Industrial Infrastructure Corporation (TSIIC) on Thursday, an acre of land in Raidurg was sold for an astonishing Rs 237 crore. This sale surpassed previous records, with Gowra Ventures Pvt Ltd acquiring 6.29 acres for the development of an IT office tower and mixed-use projects. Earlier, the TSIIC had auctioned a parcel in October 2025 in the same area for Rs 177 crore per acre. The recent bid exceeded the reserved price of Rs 139 crore by 70%, resulting in approximately Rs 1,490 crore for the state government. The…

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Top 11 Developers’ Pre-Sales Jump 18% to ₹1.48 Lakh Crore

NEW DELHI: According to an Anarock Research analysis, the combined pre-sales of 11 listed real estate developers increased by 18% year-on-year, reaching ₹1,48,158 crore in FY26, up from ₹1,25,841 crore in FY25. The analysis focused on major players including Godrej Properties, Prestige Estates, DLF, Macrotech Developers, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil Developers, Keystone Realtors, and Sobha. Developers with significant exposure to premium and luxury housing exhibited stronger growth over the year. Prestige Estates saw the largest annual growth in pre-sales at 76%, followed by Puravankara at 48%, Keystone Realtors at 33%, Sobha at 30%, Godrej Properties at…

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LIC Aims to Boost Real Estate Returns with New Subsidiary

NEW DELHI: LIC aims to enhance returns from its real estate assets and may consider establishing a separate subsidiary to manage these efficiently. Its real estate portfolio is conservatively valued at over Rs 60,000 crore. “Over the last 70 years, we have acquired substantial real estate, both inherited and purchased. We utilize these properties for company operations and as investments to generate returns,” said LIC CEO and MD R. Doraiswamy in an interview with PTI. This recent review of LIC’s real estate portfolio is part of a broader strategy to evaluate returns and identify optimisation opportunities. Our goal is to…

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Unitech Q4 FY26 Net Loss Grows to ₹441 Crore

NEW DELHI: Realty firm Unitech Ltd announced a consolidated net loss of Rs 441 crore for the quarter ending March 2026, compared to a net loss of Rs 309.95 crore in the same quarter last year. Total income increased to Rs 145.31 crore in Q4 FY 2025-26, up from Rs 126.34 crore in the previous year, as per a regulatory filing. Throughout FY26, the company’s net loss amounted to Rs 2,455.73 crore, an improvement from a loss of Rs 2,593.47 crore in the previous financial year. Total income for the year rose to Rs 566.80 crore, up from Rs 396.80…