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

Pune Extends Property Tax Discount Deadline to July 7

PUNE: The Pune Municipal Corporation (PMC) has extended the deadline for property tax payments at discounted rates to July 7, an extension from the original June 30 deadline. According to PMC officials, citizen facilitation centers (CFCs) are available for residents to pay taxes in person. “We have also launched an online payment facility for taxpayer convenience. Property owners are encouraged to pay their taxes on time to avoid last-minute congestion,” stated Avinash Sapkal, head of the property tax department. The PMC offers property owners a 5-10% discount if taxes are paid by May 31. This year, due to delays in…

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Gujarat Waives 80% Duty on Property Transfers Without Sale Deeds

GANDHINAGAR: In a significant relief for numerous property owners in Gujarat, the state government announced on Monday a stamp duty waiver of up to 80% for property transfers executed through allotment letters and share certificates, bypassing the need for a sale deed. This issue has long impacted older housing societies. The decision, released by the revenue department under Section 9A of the Gujarat Stamp Act, addresses requests from citizens and elected officials. The new ruling specifically benefits residents of societies, associations, and non-trading corporations that transferred properties without sale deeds — a common practice from 1982 to 2001. Many residences,…

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Kalpataru Shares Debut Flat, Surge Over 9% Later

NEW DELHI: Shares of real estate developer Kalpataru Ltd had a flat debut on Tuesday, opening at the issue price of Rs 414 but later rallied by over 9%. The stock began trading at Rs 414.10 on the BSE and gained momentum, increasing by 9.42% to reach Rs 453. On the NSE, it was listed at Rs 414, before climbing 9.37% to Rs 452.80. The company had a market valuation of Rs 9,121.99 crore in early trading. Kalpataru Ltd’s initial public offering (IPO) was subscribed 2.26 times by the end of bidding last Thursday. The IPO’s price band was set…

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Gujarat Waives 80% Stamp Duty on Property Transfers

AHMEDABAD: The Gujarat government has announced an 80% waiver on stamp duty for property transfers conducted through allotment letters or share certificates by housing societies, associations, and non-trading corporations. This initiative aims to assist middle-income families. Chief Minister Bhupendra Patel made the announcement on Monday under Section 9(a) of the Gujarat Stamp Act, 1958. According to an official release, this decision is intended to provide significant relief to lower and middle-income families in relation to housing transfers, stating that “in cases where societies, associations, and non-trading corporations conduct property transfers through allotment letters or share certificates, up to 80% of…

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Haryana Digitizes Land Bank, Joins India’s Industrial Network

Certainly! Here’s a rewritten version of the content: CHANDIGARH: The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is enhancing its industrial infrastructure by digitizing its land bank module and aligning it with the India Industrial Land Bank (IILB). According to an official announcement made on Monday, e-auction processes and post-allotment services are now available online. The state is also advancing “plug and play” facilities through the establishment of flatted factories in strategic locations, including Industrial Model Township Faridabad, IMT Manesar Phase-V, Sohna, Kharkhoda, Karnal, Yamunanagar, and Saha. Haryana is committed to becoming one of India’s most business-friendly states, taking…

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Jaipur: Pay Urban Development Tax Online with JMC-Greater

JAIPUR: To enhance revenue generation, JMC-Greater is now offering residents the option to pay their urban development (UD) tax online or request home collection services. Starting July 1, the JMC-G will also conduct tax collection camps in all wards on a rotational basis. Officials have stated that property owners can call the toll-free number 1800-572-8545, which is managed by the corporation’s authorized firm, to arrange for a collection agent to visit their home. Additionally, UD tax payments can be made through any UPI application using the QR code printed on the UD tax bill. At the collection camps, property owners…

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Lucknow Property Rates Set to Increase with New Circle Rates August 1

Sure! Here’s a rewritten version of the content: LUCKNOW: The cost of residential and commercial properties in Lucknow is set to increase as the district administration plans to implement revised circle rates starting August 1. According to Rakesh Kumar, the additional district magistrate (finance), the new rates reflect an average increase of 15% across all property types, aiming to keep pace with the city’s rapid urban growth, improved infrastructure, and rising demand for properties. The last revision of circle rates was conducted in 2015. The new rates will affect 77 major arterial roads and 26 approved residential colonies. In prime…

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Adani Properties Secures NCLT Approval for HDIL Assets

MUMBAI: The National Company Law Tribunal (NCLT) has given the green light to Adani Properties for the acquisition of two assets from the insolvent Housing Development and Infrastructure (HDIL) as part of the corporate insolvency resolution process (CIRP). The acquired assets include a commercial property named ‘Inspire BKC’ located in Mumbai’s Bandra-Kurla Complex and a piece of land situated in Kalyan Shahad on the outskirts of Mumbai. Adani Properties was identified as the sole bidder submitting a proposal compliant with the Insolvency and Bankruptcy Code (IBC) for both assets. The resolution plan for the Inspire BKC project is appraised at…

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Notices to 266 for Home Business Operations & Code Violations

AI-generated Representative Image GURUGRAM: For the third week in a row, the district town planner (enforcement) team conducted an “office on the spot” drive in Sushant Lok phases 2 and 3. Approximately 266 notices were affixed to homes that violated building guidelines, zoning laws, and occupancy certificate regulations. Of these, 183 violations were found in phase 3 and 83 in phase 2, bringing the total to over 650 notices issued in the last three weeks. Led by DTP (enforcement) Amit Madholia, the team performed a door-to-door survey in Sectors 55, 56, and 57 to pinpoint properties being used for commercial…

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Auto Mutation of Property in Chandigarh Within a Week

CHANDIGARH: The property auto-mutation process for leasehold properties will now occur within two days, while freehold properties will take up to a week. The estate office has issued a Standard Operating Procedure (SOP) for its implementation across relevant departments. This system automates the mutation process based on registered property deeds, removing the requirement for separate applications from the transferee and minimizing manual intervention. It relies on real-time digital integration between the sub-registrar office (SRO) and the estate office. According to an estate office official, once a deed is registered at the SRO, the associated data and documents are securely sent…