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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Land Sharks Target Noida Villages; Authority Issues Alert

NOIDA: The Noida Authority has issued a public notice alerting residents to the issue of illegal constructions and encroachments on its designated land in Salarpur, Bhangel, and Hajipur villages. Authorities indicated that numerous plots in these areas have been unlawfully occupied, leading to demolition and sealing operations at those locations. Residents are urged not to invest in such properties. “The public is warned that in Salarpur, Bhangel, and Hajipur, individuals including land mafias and encroachers are engaging in unauthorized constructions on notified land. The Noida Authority has consistently acted to demolish and seal these illegal structures and has issued notices…

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Uttar Pradesh Secures ₹50,000 Crore in Investment Proposals

NEW DELHI: Uttar Pradesh Attracts ₹50,000 Crore in Investment Proposals During the Uttar Pradesh Global Growth Dialogue 2026 in Bengaluru, the state garnered over ₹50,000 crore in investment proposals, with over 15 companies signing memorandums of understanding with the state government. The investments span various sectors, including industrial and business parks, global capability centers (GCCs), infrastructure, electronics manufacturing, and logistics. Industrial and Business Parks: Horizon, backed by Blackstone, proposed an investment of ₹10,000 crore, while other notable proposals include ₹5,000 crore from Embassy, ₹5,000 crore from Raheja Mindspace REIT, ₹15,000 crore from Prestige, and ₹4,000 crore from Sattva Developers. Shriram…

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Goa: GIDC Allocates Three Plots for New IT Park

Representative image PANAJI: The Goa Industrial Development Corporation (GIDC) has allocated three out of the six large plots at the upcoming Hello World Innovation & Research Park located in the Verna industrial estate. Spanning approximately 4 lakh sqm at the end of Phase IV of the Verna Industrial Estate, this facility is anticipated to create between 20,000 to 30,000 jobs, according to Industries Minister Mauvin Godinho. “Hello World is a prestigious project initiated by GIDC at Verna, dubbed the Innovation Hub or R&D Hub and IT Hub. Of the six large plots available, three have already been secured by a…

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Vedanta Ventures into Real Estate Market

NEW DELHI: Vedanta Ltd announced on Wednesday the establishment of a wholly-owned subsidiary, Vedanta Property Platforms Ltd (VPPL), to enter the real estate sector. VPPL will act as a strategic platform for Vedanta’s ventures in real estate and associated activities. This initiative is designed to monetize excess land and non-core property assets while creating a dedicated structure for prospective joint ventures and asset-light strategies to finance growth in its primary metals and energy sectors. According to a filing with BSE, VPPL was incorporated in Mumbai, Maharashtra, on June 22. The subsidiary will provide a strategic framework for engaging in real…

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Medipally Auction by Hyderabad Body Nets ₹120 Crore Amid Demand

HYDERABAD: The recent land auction by the Hyderabad Metropolitan Development Authority in the Medipally layout garnered a strong response, with the sale of 68 plots bringing in almost ₹120 crore on Wednesday. Bidding exceeded the reserve price of ₹45,000 per square yard, reaching as high as ₹80,000 per square yard. The average bid landed at ₹56,260, highlighting the increasing demand for HMDA-developed areas. As part of a phased auction process, further plots in Mokila, Chandanagar, Bairagiguda, Narsingi, and Bowrampet will be sold by June 30. However, the auction faced challenges, including a Telangana High Court order that temporarily halted the…

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Uttarakhand CM Orders Statewide Building Safety Audits

DEHRADUN: Uttarakhand Chief Minister Pushkar Singh Dhami expressed profound sorrow on Wednesday over the tragic fire incident in Lucknow, claiming 15 lives. In response, he instructed state officials to initiate thorough safety audits of all buildings in Uttarakhand. Speaking to the media, Dhami stated, “This unfortunate incident in Lucknow has deeply impacted us. My heartfelt condolences go out to the families affected.” He further mandated district authorities to carry out comprehensive safety inspections of large commercial and residential structures throughout the state, highlighting the recent building collapse in Lucknow. “We are taking serious measures to ensure the safety of our…

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46,000 Unauthorized Properties in Nashik Face Tax Penalties

NASHIK: Deputy Chief Minister and Urban Development Minister Eknath Shinde informed the state legislature on Tuesday that 46,389 properties in Nashik city are currently occupied without authorization and are subject to penalties. In response to a starred question posed by MLC Prasad Lad and others during the monsoon session, Shinde stated that the Nashik Municipal Corporation has registered a total of 600,000 properties. A significant number are being utilized without the necessary building completion and occupancy certificates. He explained that actions have been initiated against these properties under Section 267(A) of the Maharashtra Municipal Corporation Act, as well as following…

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BMC Revives OC Amnesty for Pre-Nov 2016 Mumbai Buildings

MUMBAI: Nearly three months after proposing an amnesty scheme aimed at issuing occupation certificates (OCs) for buildings lacking mandatory approvals—even if they have been occupied for years—the BMC is set to revisit this proposal at the civic standing committee meeting on Thursday. Civic officials indicate that the scheme will target buildings constructed before November 17, 2016, including those that had previously been ineligible for OCs due to deviations from approved plans or additional constructions. When first presented in April, the BJP-led standing committee chose not to discuss the proposal, mainly due to disagreements over a clause that includes housing units…

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15 Architects Risk Blacklisting for Violations in Haryana

GURUGRAM: The Department of Town and Country Planning (DTCP) has proposed the blacklisting of 15 architects due to alleged misconduct in issuing occupation certificates (OCs). The architects under scrutiny include Niharika Yadav, Yashpal, Jatin Lochab, Jivesh, Sudiksha Kaushik, Aman Sharma, Deepak Jayant, Ravinder, Ravi Kumar, Manoj Kumar, Gomati Prasad, Jyoti Sharma, Rosy Raghav, Jitender, and Somansh Singhal. According to department sources, new OC applications from these architects are currently on hold while further measures are evaluated. The department is also considering imposing financial penalties and additional disciplinary actions. This crackdown follows a comprehensive investigation by the chief minister’s flying squad…

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Delhi extends slum rehab cutoff from 2015 to 2025

NEW DELHI: In a long-awaited announcement that will benefit thousands of slum-dwellers, Chief Minister Rekha Gupta proclaimed on Tuesday that the Delhi Urban Shelter Improvement Board (DUSIB) has extended the cutoff date for the slum rehabilitation scheme from January 1, 2015, to January 1, 2025. This means all eligible slum clusters established in Delhi up to this new cutoff will qualify for rehabilitation benefits. “This historic decision aligns with the Delhi Slum and JJ Cluster Rehabilitation and Relocation Policy, 2026, recently approved by Home Minister Amit Shah. It is expected to enhance Prime Minister Modi’s commitment to uplift the impoverished,”…