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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Kalpataru Q4 FY25 Profit Falls 42% to ₹14 Crore

NEW DELHI: Realty firm Kalpataru Ltd has reported a 42% decline in its consolidated net profit, dropping to Rs 14.05 crore in the fourth quarter of FY25. In the same period last year, the Mumbai-based company had a net profit of Rs 24.30 crore. However, total income increased to Rs 667.21 crore for the January-March quarter of the 2024-25 fiscal year, up from Rs 535.22 crore in the corresponding period last year, according to a regulatory filing. During the entire 2024-25 fiscal year, Kalpataru Ltd reported a net profit of Rs 21.62 crore, recovering from a loss of Rs 94.98…

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Minister: Rent Deals with Redevelopers Now Valid for Passports

MUMBAI: The Centre has prepared Standard Operating Procedures (SOPs) for police verification needed for passport applications. However, the Maharashtra government is addressing concerns raised by citizens whose residential buildings are undergoing redevelopment, according to a minister’s statement on Wednesday. During an assembly session, Minister of State for Home, Yogesh Kadam (Urban), emphasized that verifying addresses for passport applications is a national security issue. This process requires confirming the applicant’s identity along with any pending criminal cases. It is important to note that police verification for issuing passports occurs at the applicant’s registered address. The redevelopment of older buildings can cause…

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Ghaziabad: UPSIDA Allocates 200+ Long-Idle Industrial Plots

Here’s a rewritten version of your content: Representative image created by AI GHAZIABAD: In the Sahibabad Industrial Area, 211 plots of varying sizes have been underutilized. According to Pradeep Satyarthi, regional manager of the Uttar Pradesh State Industrial Development Authority (UPSIDA), these plots have been subdivided and reallocated for new industries. A new policy allows owners of struggling industries to sell 75% of their land by breaking it into smaller plots of at least 4,000 sqm, while retaining 25% for continued operations. The subdivided parcels are sold in three price categories: Rs 16,960/sqm, Rs 18,930/sqm, and Rs 25,780/sqm. In Sahibabad…

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Embassy REIT Plans ₹20 Billion Bond Sale, Say Sources

MUMBAI: Embassy Office Parks REIT in India is negotiating with bankers to secure 20 billion rupees ($232.79 million) by issuing five-year corporate bonds, according to three sources familiar with the situation, who asked to remain anonymous due to the private nature of the talks. The firm aims to finalize this funding round by the end of the month. Mutual funds and some insurance companies are expected to show strong interest in the debt sale, as the bonds are rated ‘AAA’ by Crisil. Embassy REIT will approach the bond market for the second time this year, following a successful raise of…

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Godrej Properties buys 50 acres in Raipur

Representative image created by AI NEW DELHI: Godrej Properties (GPL) has acquired 50 acres of land in Raipur, which will primarily feature plotted residential units with an estimated saleable area of 9.5 lakh sq ft. Gaurav Pandey, MD & CEO of the company, stated, “This acquisition marks another significant step in our expansion journey as we aim to strengthen our presence in emerging real estate markets across India. It strategically aligns with our goal of entering high-growth cities through plotted developments.” Recently, the company secured an additional 43 acres of land for a plotted development in Sector 40, Panipat, with…

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Lucknow Development Body to E-Auction 50 Plots, 2 Complexes

Representative image created by AI LUCKNOW: The Lucknow Development Authority (LDA) has announced an e-auction for at least 50 residential plots in the Basant Kunj Scheme along with two significant commercial complexes. According to LDA officials, plots of 252 square meters located in Sector-G near Gau Ghat and adjacent to the Green Corridor are being auctioned for the first time. The base price is set at Rs 32,955 per square meter, and the cumulative estimated value of these plots is around Rs 310 crore, as they are situated in a prime residential area. In addition, several high-value properties identified in…

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U.P. Grants 14-Year Waiver for Sunworld City Township

Representative image created by AI NOIDA: The Uttar Pradesh government has instructed the Yamuna Expressway Industrial Development Authority (YEIDA) to provide a 14-year ‘zero period’ waiver for Sunworld City’s stalled township project in Sector 22D. This decision follows revelations that approximately 20 acres allocated for the development were never acquired when YEIDA transferred the land to the developer in 2011. The state’s industrial development department, which reviewed a petition from Sunworld City Pvt Ltd, directed YEIDA to waive not just the penal interest but also the extension charges and related dues for the 20 acres from 2011 to the present.…

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Property Tax Suspension Continues in Pune Merger Areas

PUNE: Madhuri Misal, the Minister of Urban Development, clarified on Tuesday that there has been no coercive tax collection from residents in areas merged into the Pune Municipal Corporation (PMC) territory, and this process has been temporarily halted. Misal was responding to queries from Khadakwasla MLA Bhimrao Tapkir, who expressed concerns about the proposed property tax structure. Tapkir noted that the new rates set by PMC significantly exceed the previous panchayat fees, leading to dissatisfaction among locals. Furthermore, some residents reported receiving inaccurate and inflated tax bills. Misal assured that there were no mandatory compliance measures from the administration; some…

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Commercial assets make up 62% of ₹6,500 crore Q2 2025 deals

Sure! Here’s a rewritten version of the content: NEW DELHI: The real estate market in India experienced a notable decline in activity during Q2 2025, with total deal value decreasing by 35% quarter-on-quarter to USD 775 million, despite continued institutional interest in commercial properties and structured investments, as highlighted in a report by Grant Thornton Bharat. During this quarter, 17 deals were recorded, a drop from 28 in Q1 2025, resulting in a 39% decline in overall transactions. Nonetheless, the quarter was supported by a few significant transactions that accounted for over 90% of the total deal value. The standout…

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Union Home Minister Leads Meeting on Delhi Master Plan 2041

NEW DELHI: On Tuesday, Union Home Minister Amit Shah led a high-level meeting to assess the Delhi Master Plan 2041 (MPD-2041), which included key figures such as Delhi Chief Minister Rekha Gupta and Union Minister Manohar Lal Khattar. Also present was Delhi’s Home and Urban Development Minister Ashish Sood, and this meeting follows a review session held the previous day at the Delhi Secretariat focused on the MPD-2041’s provisions. The Delhi Development Authority (DDA) submitted a draft of the master plan to the Union Ministry of Housing and Urban Affairs in April 2023. The plan is currently pending final approval.…