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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Puravankara buys 14.57 acres in Mandur, Bengaluru

Representative image NEW DELHI: Puravankara has acquired a 14.57-acre land parcel in Mandur, Budigere, Bengaluru, with an estimated gross development value (GDV) of around ₹2,300 crore. Of this, 7.92 acres are under a joint development agreement (JDA), while 6.65 acres were directly purchased by the company. The total saleable area for the project is expected to be approximately 1.8 million sq ft. Ashish Puravankara, Managing Director of the company, stated, “With this latest acquisition, our total land bank in Bengaluru now stands at 25.61 million sq ft.” The company’s development pipeline boasts a cumulative estimated GDV of approximately ₹10,400 crore.…

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Supreme Court Ruling Delays Smart Meter Rollout in Karnataka

Representative Image BENGALURU: The government’s initiative to implement smart meters for new electricity connections across the state has resulted in significant administrative hurdles, exacerbated by confusion regarding the Supreme Court’s mandate for mandatory occupancy certificates (OC). Smart meters are anticipated to minimize transmission losses, enhance billing accuracy, and facilitate real-time monitoring of electricity usage. However, the Supreme Court’s ruling, aimed at reinforcing building compliance standards, has inadvertently impeded progress in modernizing the power sector. The program, launched nearly a year ago, was initially targeted for all new and temporary electricity connections in the jurisdictions of Bangalore Electricity Supply Company (Bescom)…

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Kolkata Civic Body Targets Buildings for Demolition

KOLKATA: The municipal authorities have issued demolition notices for several buildings in Tiljala and Beleghata, giving residents just 48 hours to vacate what have been termed “unauthorised” properties. Many residents, who settled in these buildings over the last 15 years, face the anxiety of sudden displacement, particularly since the developers are currently uncontactable. Residents from the affected buildings in Tiljala protested on GJ Khan Road, claiming they were misled by the developer into believing the properties were legitimate. “Today, a notice was posted on our building, yet the developer’s phone is switched off. Where are we supposed to go with…

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Sambhajinagar to Tax Drain-Top Buildings, Crackdown on Sewage

CHHATRAPATI SAMBHAJINAGAR: Buildings erected over major drains and nullahs, despite having official clearance, will be subjected to higher property taxes as the municipal corporation aims to tackle persistent monsoon flooding and obstacles in desilting efforts. The Shiv Sena (UBT) Bhavan is among the structures that may be affected. Municipal Commissioner Amol Yedage made this decision following an inspection of critical drainage areas at Kabadipura, Barudgar nala, Sambhaji Peth, and Roplekar Chowk, where he discovered several large constructions approved by the civic body built over nullahs. Officials confirmed that these buildings received corporation approval. Yedage then instructed to increase property taxes…

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Delhi to Revamp Property Registration, Modernize Offices: CM

NEW DELHI: The Delhi government is gearing up for a comprehensive transformation of the property registration system in the capital. The initiative aims to modernize Sub-Registrar offices, enhancing transparency and making them more citizen-friendly by reducing delays, corruption, and reliance on agents. On Saturday, Chief Minister Rekha Gupta instructed officials to implement significant reforms across all Sub-Registrar offices to ensure that citizens can register properties smoothly, without unnecessary obstacles. The government’s objective is to turn these offices into effective service centers providing timely and hassle-free services. Recently, the Chief Minister held a high-level meeting with senior officials to discuss the…

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Jharkhand Seeks Amendments to Building Regularization Rules

RANCHI: The Association of Licensed Technical Professionals of Jharkhand, made up of leading architects and structural engineers, has reached out to the Chief Minister to request significant modifications to the newly implemented ‘Jharkhand Regularisation of Unauthorizedly Constructed Building Rules, 2026’. The letter states that the existing framework limits regularisation applications to individuals with a total plot size not exceeding 300 square metres (approximately 3,228 square feet or 7.41 decimals). This criterion, according to the association, marginalizes a large segment of the population governed by the Chotanagpur Tenancy (CNT) Act, where traditional land holdings usually exceed 10 decimals, thus excluding them…

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HDFC Bank Funds ₹300 Crore Luxury Housing in Hyderabad

NEW DELHI: HDFC Bank has allocated Rs 300 crore towards an ultra-luxury residential project in Kokapet, Hyderabad, as developers seek structured financing in response to a cooling housing market and an increasing demand for high-end homes. This investment will facilitate the completion of the project, which has a gross development value of Rs 2,000 crore and is being developed by DE Blue Oak and P Mangatram. Transaction advisor CBRE has opted not to comment. Recently, there has been a surge in funding within the residential real estate sector as developers look for credit options amid a dip in sales. “There…

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Maharashtra Offers Free Rural Property Cards, Waives Fees

Representative AI image NAGPUR: The state government has announced that villagers throughout the state will be issued property cards free of charge as part of the Centre’s Swamitva scheme. To alleviate the financial burden on rural residents, the government will also waive the sanad fees for property ownership regularization. During a review meeting at the Konkan Divisional Commissioner’s office on Wednesday, Revenue Minister Chandrashekhar Bawankule highlighted the state’s aim to simplify the legal ownership process for rural households. The guardian minister for the Nagpur district stated that the decision will come into effect after necessary modifications to Gram Panchayat Form…

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Kolte-Patil Reports FY26 Net Loss of ₹38.08 Crore

NEW DELHI: Kolte-Patil Developers (KPDL) reported a net consolidated loss after tax of ₹38.08 crore for the financial year 2025-26. This marks a significant decline from a profit after tax of ₹109.33 crore achieved in FY25, according to a filing with the BSE. In FY26, the company’s net consolidated total income was ₹802.50 crore, a decrease of 54.50% from ₹1,763.73 crore in FY25. In Q4 FY26, net consolidated total income fell by 63.75%, totaling ₹262.16 crore, compared to ₹723.20 crore in the same quarter of the prior year. The company reported a loss after tax of ₹66.29 crore for Q4…

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Ashiana Housing to invest ₹186 crore in Jaipur project phase 1

NEW DELHI: Ashiana Housing is set to invest ₹186.78 crore in the first phase of Ashiana Oma, a residential group housing project located in Mansarovar Extension, Jaipur. The total cost of the project is estimated at ₹558.60 crore. The development is situated in the Ajmer Road micro-market and spans approximately 10.35 acres, planned in two phases with a total of 490 units. The initial phase will consist of 280 residences, featuring 3BHK and 4BHK apartments and penthouses. Unit sizes will range from around 1,740 sq ft to 2,700 sq ft. Ashiana Oma is being realized through a joint venture under…