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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Karnataka Home Minister Orders Probe into Confident Group Chair’s Suicide

Sure! Here’s a rewritten version of your content: BENGALURU: On Saturday, Karnataka Home Minister G Parameshwara announced that authorities are investigating the circumstances surrounding the death of Confident Group chairperson C J Roy, who reportedly committed suicide in his office while Income Tax officials were present. Parameshwara shared with reporters that the Income Tax Department had previously conducted searches at Roy’s firm and was in the process of finalizing necessary protocols. “Last December, there was a raid at his company. According to regulations, a charge sheet must be filed within 60 days in court. The need for finalization was urgent,…

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Budget 2026: Govt to Speed Up CPSE Real Estate via REITs

“Over the years, REITs have emerged as a successful instrument for asset monetisation. I propose to accelerate recycling of significant real estate assets of CPSEs through the setting up of dedicated REITs,” said FM. In her Union Budget address on February 1, Finance Minister Nirmala Sitharaman proposed to hasten the monetisation of real estate assets owned by central public sector enterprises (CPSEs) via dedicated Real Estate Investment Trusts (REITs), aiming to unlock capital in established public assets. “Over the years, REITs have emerged as a successful instrument for asset monetisation. I propose to accelerate recycling of significant real estate assets…

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Budget 2026: REITs, Land Relief, and City Growth Boost Real Estate

File photo NEW DELHI: Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 on February 1, unveiling a series of initiatives designed to enhance capital recycling, simplify tax compliance, and accelerate urban infrastructure development, benefiting the real estate and construction sectors substantially. A major highlight was the government’s plan to fast-track the monetization of central public sector enterprise (CPSE) real estate assets through specialized Real Estate Investment Trusts (REITs). Sitharaman noted that REITs have proven to be an effective tool for asset monetization, which would aid in recycling mature public assets, while also generating consistent revenue and unlocking funds for…

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Budget 2026: Fast-Tracking CPSE Real Estate Recycling with REITs

NEW DELHI: Finance Minister Nirmala Sitharaman announced that the Union government will enhance efforts to monetize real estate assets owned by central public sector enterprises (CPSEs) through dedicated Real Estate Investment Trusts (REITs) during the presentation of the Union Budget 2026-27 on February 1, 2026. Sitharaman emphasized that market-linked instruments play a crucial role in unlocking value from public assets. She mentioned that REITs have proven to be effective for asset monetization and that the government intends to expedite the recycling of CPSE-owned real estate through these structures. The objective is to improve capital efficiency and generate ongoing revenue streams…

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Chandigarh to Revise Industrial Area Regulations

Representative AI image CHANDIGARH: The Chandigarh administration is set to implement significant relaxations for plots in the industrial area, including an increase in the permitted coverage area and the elimination of the mandatory central courtyard requirement. Officials indicate that this restructuring aims to respond to longstanding industry concerns and optimize land use in the city’s industrial zones. A senior UT official mentioned the current coverage limit of 60% would be revised upwards, with the existing central courtyard provision—applicable across all industrial plots—replaced by front and rear setbacks. Consequently, the mandatory open space requirement, presently fixed at 40%, would be reduced…

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Hyderabad: GHMC’s 15 Lakh Sq Yards of TDR Raises High-Rise Costs

HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) has over 15 lakh square yards (equivalent to 316 acres) of Transferable Development Rights (TDRs) valued at ₹2,000 crore. Builders and developers believe these TDRs can satisfy Greater Hyderabad’s construction demands for the next two to three years. The state government intends to issue additional TDRs to property owners affected by land acquisitions for projects like the Musi rejuvenation, flyovers, road expansions, and lake development. The GHMC has issued TDRs amounting to 51.83 lakh square yards (about 1,070 acres) to property owners since 2017 after acquiring land for road widening and other public…

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Over ₹303 Crore in Unpaid Property Taxes: Big Defaulters Hurt NMC

NAGPUR: The ongoing financial challenges faced by the Nagpur Municipal Corporation (NMC) result less from inadequate revenue sources and more from its inability to address major tax defaulters. According to data from the property tax department, 474 commercial property owners in the city owe over Rs 5 lakh each, resulting in an alarming total outstanding amount of Rs 303 crore. This unpaid debt consists of Rs 137 crore in arrears, Rs 151 crore in penalties, and Rs 14.90 crore in current demands. These amounts suggest prolonged non-payment and ineffective enforcement measures. Despite ongoing claims regarding recovery initiatives, these high-value defaulters…

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District Magistrate Questions Noida Authority on Condo Safety Reports

NOIDA: District Magistrate Medha Roopam has reprimanded the Noida, Greater Noida, and Yamuna Expressway development authorities for failing to submit required reports on fire preparedness and safety inspections of high-rise residential buildings, despite repeated reminders over the last two months. The deficiencies were highlighted during a District Disaster Management Authority (DDMA) meeting on Friday, where Roopam expressed strong dissatisfaction with the absence of senior officials from all three entities. She has requested written explanations from the chief executive officers regarding both the lack of compliance and the absence of senior personnel. Officials noted that the development authorities were instructed in…

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Founder of Confident Group self-shoots during I-T raid in Bengaluru

BENGALURU | KOCHI: C J Roy, founder and chairman of the Confident Group real estate firm, tragically took his own life on Friday afternoon, as confirmed by Bengaluru Police Commissioner Seemant Kumar Singh. Singh stated that Income Tax (I-T) searches had been ongoing in Bangalore for the past three days. At the age of late 50s, Roy suffered a gunshot wound from his licensed firearm at his office near Richmond Circle. Staff rushed to his aid after hearing the gunshot, only to find him in critical condition. Despite immediate efforts to transport him to a hospital, he was pronounced dead…

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Eldeco Infrastructure Wins SEBI Approval for IPO

NEW DELHI: Eight companies, including real estate firm Eldeco Infrastructure and Properties and Associated Power Structures, have received approval from Sebi to raise funds via initial public offerings (IPO), as reported by the market regulator on Friday. Other companies that gained regulatory consent include HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd. The eight firms filed their preliminary IPO applications with Sebi between September and October, obtaining the regulator’s observations from January 28 to 30. In regulatory terms, this observation signifies clearance to proceed with a public issue. Eldeco Infrastructure and…