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

Pay Property Tax by July 31 for Benefits: Ludhiana Chief

LUDHIANA: With just one week remaining for residents to settle their outstanding property tax without incurring any interest or penalties, MC commissioner Aaditya Dachalwal has urged them to take advantage of the one-time settlement (OTS) scheme by submitting their dues by July 31. The MC chief has instructed zonal commissioners, superintendents, and other officials to hasten the collection of dues from residents and take action against defaulters. He convened a meeting at the zone ‘D’ office of the civic body in Sarabha Nagar on Thursday, attended by MC additional commissioner Paramdeep Singh, assistant commissioner (UT) Pragati Rani, and zonal commissioners…

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TDI Infrastructure Repays ₹2,000 Crore, Achieves Debt-Free Status

NEW DELHI: TDI Infrastructure Ltd has successfully repaid its total debt of Rs 2,000 crore, officially becoming a debt-free entity. In a statement released on Thursday, the company confirmed that it has “cleared all outstanding obligations amounting to Rs 2,000 crore without any restructuring, settlement, or waiver.” TDI Infrastructure is now focusing on consolidating its assets and developing both residential townships and commercial properties. TDI Infrastructure’s Akshay Taneja commented, “Achieving a debt-free status has been a significant milestone in our transformation journey. It exemplifies our long-term discipline and commitment to delivering tangible results while upholding financial integrity.” The company plans…

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Karnataka Cabinet Approves 1% Fire Cess on New High-Rises

BENGALURU: Karnataka’s Law and Parliamentary Affairs Minister H K Patil announced on Thursday that the state cabinet has approved several significant initiatives, including the establishment of a Centre of Excellence (CoE) in space technology and the launch of the Local Economy Accelerator Programme (LEAP). The proposed SpaceTech CoE will be formed as a Section 8 company under the Companies Act, 2013, with an allocation of ₹10 crore over five years. “The Satellite Communication Industry Association (SIA-India) has been chosen as the industry partner. The project has received exemption under Section 4(g) of the Karnataka Transparency in Public Procurements Act, 1999,”…

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Ajmera Realty Q1 FY26 Net Profit Rises 21.79%

NEW DELHI: Ajmera Realty & Infra India (ARIIL) has announced a 21.79% increase in its consolidated net profit for the quarter ending June 30, 2025. The profit after tax (PAT) reached ₹38.28 crore in Q1 FY26, compared to ₹31.43 crore recorded in the same quarter last year, as per a filing to the BSE. The company’s net consolidated income for Q1 FY26 amounted to ₹259.62 crore, reflecting a 32.36% growth from ₹196.15 crore during the same period last year. Dhaval Ajmera, Director of Corporate Affairs at the company, stated, “We have significantly enhanced our execution capabilities, leading to a remarkable…

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IndiQube Spaces IPO Fully Subscribed; Retail Portion 7x Over

NEW DELHI: IndiQube Spaces’ ₹700-crore initial public offering (IPO) saw full subscription by the second day of bidding, driven by strong interest from retail and non-institutional investors. The IPO, which kicked off on July 23, is set to close on July 25, 2025. As of 5:04 PM on July 24, the IPO was subscribed 2.68 times overall, with the retail segment oversubscribed at 7.32 times. The employee allocation was subscribed 4.74 times, while the qualified institutional buyer (QIB) section was 1.49 times subscribed. Non-institutional investors (NII) saw a subscription of 1.94 times, with small NIIs bidding at 2.62 times and…

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Prayagraj to Launch Block-Level Mapping & Property Numbering

Representative image created by AI PRAYAGRAJ: The Prayagraj Municipal Corporation is launching a block-level mapping and numbering system to enhance property identification and streamline property tax collection. This initiative aims to simplify the process of locating individual houses and improve municipal services such as tax collection and property surveys. Under this plan, localities will be subdivided into smaller blocks, each containing around 100 houses. Depending on the size and population of each area, wards will likely consist of five to seven blocks. With 100 wards in the city, there could be a total of 3,000 to 4,000 blocks across Prayagraj.…

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Concorde to co-develop 2.16 acres of residential project in East Bengaluru

Representative image created by AI NEW DELHI: Concorde has announced a joint development for a high-rise residential project named Concorde Élevé, located on Old Madras Road (OMR) in East Bengaluru. The project offers a development potential of approximately 3.2 lakh sq ft and is estimated to have a gross development value (GDV) of ₹475 crore. Spanning 2.16 acres, it will consist of 136 units available in 3 and 4 BHK configurations. The tower is set to reach 36 floors with four units per floor, while maintaining an overall open space of 70%, as per company details. The development plans include…

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30,000 Properties Missing from Nagpur Civic Database, Not Taxed

NAGPUR: A recent land use verification exercise by the Nagpur Municipal Corporation’s (NMC) Development Plan (DP) unit has uncovered 30,000 previously unrecorded structures within city limits. This finding raises significant concerns regarding tax evasion and the reliability of civic data. The DP unit identified these structures while assessing existing land usage as part of its urban planning responsibilities. In response, the NMC’s property tax department has begun a thorough cross-verification of the information. Officials intend to overlay the new discoveries onto the corporation’s existing GIS (Geographical Information System) property database to pinpoint properties that are not currently subject to tax.…

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Mumbai’s Heritage Group Fights Back Against Iconic Buildings Policy

MUMBAI: Nearly a month after the BMC sought feedback on a proposed amendment to the Development Control and Promotion Regulation (DCPR) 2034, aimed at establishing a new policy for ‘Iconic Buildings’ under Regulation 33(27), the Fort Heritage Conservation Association has expressed concern over the ambiguous definition of what constitutes iconic buildings. The proposed policy describes ‘Iconic Buildings or Spaces’ as structures distinguished by unique features such as size, shape, aesthetics, design concept, urban design, or structural characteristics. “What is deemed iconic by some may not be universally recognized. The term ‘iconic’ is defined in unclear and subjective ways, making it…

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Urbanization should prioritize livability, not just housing: MoHUA

NEW DELHI: D Thara, Additional Secretary of the Ministry of Housing and Urban Affairs, stated that urbanization needs to prioritize enhancing the quality of living rather than merely focusing on housing. Thara emphasized the necessity to “reimagine urbanization” through a tailored approach, rather than just addressing housing supply. “We must shift our perspective on land and embrace a new paradigm,” she remarked. As urbanization is anticipated to accelerate significantly—equaling the scale of the last century within twenty years—she underlined the importance of harmonizing urban growth with the protection of rural and agricultural land. “We need to systematically densify,” she added.…