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.

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Panel to Audit Sanctioned Plans for Kolkata High-Rises

KOLKATA: West Bengal’s government has formed a committee to conduct a special audit of sanctioned plans for high-rise residential and commercial buildings in and around Kolkata. This initiative was disclosed by Chief Minister Suvendu Adhikari, explaining that the committee will meet on Friday to start this important task. In response to the recent warehouse collapse that resulted in 11 fatalities, the Chief Minister ordered a thorough audit of all commercial projects currently under construction that received approval from the former TMC administration. Work on these projects has been suspended until July 31, as per Adhikari’s directive. Adhikari reiterated that construction…

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Chhattisgarh Housing Board nets ₹1,532 crore from 7,388 sales: CM

RAIPUR: Chhattisgarh Chief Minister Vishnu Deo Sai announced on Friday that the state’s Housing and Infrastructure Development Board has achieved a revenue of Rs 1,532 crore by selling 7,388 properties over the last two years, effectively overcoming financial obstacles and making a notable comeback. While inaugurating the new logo of the Chhattisgarh Housing and Infrastructure Development Board (CGHIB) at the Circuit House in Nava Raipur, Sai stated that the board, previously limited to housing construction, will now significantly contribute to infrastructure development, invigorating the state’s progress. The Chief Minister emphasized the government’s dedication to fulfilling every family’s aspiration for a…

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Fidelity Acquires 2% Stake in Lodha Developers for ₹1,864 Crore

NEW DELHI: Fidelity Investments has acquired a 2% stake in Lodha Developers for Rs 1,864 crore from two promoter entities through open market transactions, as revealed by block deal data from the NSE. The US-based investment firm, along with its eight affiliates including FMRC Fidelity Advisor International Capital Appreciation Fund and FRST II Strat Adv Fide Interl Fund, purchased a total of 1,98,81,296 shares, equating to a 1.99% stake in Lodha Developers. The transactions were executed over eight separate tranches on Thursday at an average price of Rs 937.85 per share, culminating in a combined transaction value of Rs 1,864.56…

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Nagpur Resumes Kachipura Evictions: 56 Units Face 15-Day Notice

NAGPUR: Following the Maharashtra government’s decision to lift a decade-long stay on action against illegal constructions on land belonging to Dr. Panjabrao Deshmukh Krishi Vidyapeeth (PDKV) at Kachipura, the Nagpur Municipal Corporation (NMC) has taken steps to address 56 commercial establishments occupying nearly 19.82 hectares along Central Bazar Road. Civic officials clarified that there are currently no proposals to demolish the adjacent Kachipura slum, home to around 1,200 residents. Dharampeth zone assistant municipal commissioner Rajkumar Meshram informed TOI that notices under Section 53(1) of the Maharashtra Regional and Town Planning (MRTP) Act, 1966, will soon be issued, granting occupants 15…

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Jharkhand’s building regularisation portal sees 4,000 applications

RANCHI: The state government’s ambitious initiative to regularize building structures has started off slowly, with approximately 4,000 applications submitted since its launch on May 14. The application period will conclude on July 13. The scheme, introduced under the Jharkhand Unauthorised Constructed Building Regularisation Rules 2026, aims to benefit around 700,000 homeowners statewide who have constructed homes without approved building plans. As of Thursday, Ranchi district has submitted the highest number of applications, totaling 1,704, with 1,272 from the Ranchi Municipal Corporation area and 432 from the Ranchi Regional Development Authority (RRDA). Following this, Dhanbad reported 482 applications, while Bokaro recorded…

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Ranchi gives 7-day deadline for fire NOC; Bokaro orders audit

RANCHI | BOKARO: Following the tragic fire in a residential building in Lucknow on June 22, which resulted in multiple fatalities, the Ranchi Municipal Corporation (RMC) has instructed property owners to secure Fire No Objection Certificates (NOCs) within seven days or face immediate sealing of their properties. In a similar vein, the Bokaro district administration has mandated a thorough fire safety audit for coaching centers and other establishments. The RMC specified in a public notice that this directive encompasses all buildings within municipal limits that must comply with fire safety regulations outlined in the Jharkhand Building Bye-laws, 2016. The emphasis…

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Haryana’s OC Self-Certification Policy Faces Scrutiny After Probe

GURUGRAM: Haryana’s self-certification policy for issuing occupation certificates (OCs) in licensed colonies is facing criticism. A joint investigation by the CM’s Flying Squad and the Department of Town and Country Planning (DTCP) uncovered several buildings that were granted OCs despite being incomplete. Inspections in licensed colonies revealed ongoing construction with buildings lacking basic finishing touches, yet they were marked as complete in official records. Following the findings, show-cause notices have been issued to multiple architects, and departmental action is underway. Investigations into additional suspected violations are ongoing. This inquiry has raised concerns about the framework established in November 2022, which…

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Manasum Senior Living to invest ₹800 crore in nationwide growth

Representative AI image NEW DELHI: Manasum Senior Living is set to invest approximately ₹800 crore over the next five years as part of its growth strategy to expand operations throughout India. This investment aims to launch over 25 projects, helping the company reach its goal of 10,000 senior living units by 2030. Currently, projects in the planning stage have an estimated development value of around ₹5,000 crore. The company plans to allocate ₹150 crore in FY27 to initiate 10 projects. “Annually, we need to invest ₹150 crore-₹200 crore to launch projects. After 2028, additional funding will not be necessary,” stated…

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Chhattisgarh CM Initiates Statewide Building Safety Audit

RAIPUR: Chhattisgarh Chief Minister Vishnu Deo Sai has mandated a detailed review and safety audit of multi-storey residential complexes, commercial centers, coaching institutes, hotels, and other public buildings statewide, officials reported on Thursday. This directive follows several recent fire incidents nationwide, including a tragic blaze in Lucknow, Uttar Pradesh on June 22 that resulted in 15 fatalities. The building that caught fire in Lucknow’s Aliganj area included an animation center, and many victims were students. Taking these incidents seriously, the Chief Minister emphasized the necessity for strict adherence to safety regulations to avert future tragedies, according to an official announcement.…

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Lucknow Body Implements New Fire Safety Rules for Building Plans

LUCKNOW: Following a tragic fire incident in Aliganj, the Lucknow Development Authority (LDA) has mandated that all building owners submit a notarized fire safety affidavit before obtaining approval for their building plans. Previously, only large establishments needed a no objection certificate (NOC) from the fire safety department for map approval. Buildings not exceeding 15 meters in height and with an area of up to 500 square meters were exempt from this requirement. However, under the new regulations, owners of these smaller buildings are now required to file affidavits certifying fire safety compliance for map approval. The only exception applies to…