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

Chandigarh’s Freehold Initiative to Unlock Crores in Properties

CHANDIGARH: The Chandigarh administration has taken significant steps to convert leasehold industrial and commercial plots to freehold ownership, a move expected to unlock properties valued at hundreds of crores, enhance revenue, and improve the ease of doing business. The Punjab governor and UT administrator, Gulab Chand Kataria, has approved a comprehensive proposal, which has now been sent to the Ministry of Home Affairs (MHA) for final approval. A senior MHA official commented, “The ministry is currently reviewing the proposal from UT Chandigarh.” This development follows earlier indications from the administrator that the matter was being considered. Will This Attempt Succeed?…

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WSB Invests ₹75 Crore in Omaxe; Karyan to Invest ₹900 Crore

NEW DELHI: WSB Partners, an investment firm specializing in real estate, has invested ₹75 crore in Omaxe Group’s residential plotted projects in Ujjain and Indore. This funding is primarily intended for growth capital, with a portion also earmarked for working capital and reserves. In a related update, NCR-based Karyan Group plans to invest ₹900 crore to develop Trevana Residences, a residential project in Ghaziabad, expecting nearly ₹1,500 crore in revenue from the development. The project will include 608 units in 3BHK and 4BHK configurations, starting at ₹8,995 per sq ft, with completion targeted for 2030. Mahindra Lifespaces Launches New Phase…

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NeoLiv buys 76 acres in Khopoli for villa project development

Representative image Institutional investor-backed residential development platform NeoLiv has secured a 76-acre land parcel in Khopoli, near Mumbai, to pursue a plotted residential development. This acquisition marks NeoLiv’s third land transaction in the Panvel-Khopoli region, coinciding with the government of Maharashtra’s upcoming Mumbai 3.0 initiative. The company plans to create a mixed-use community featuring premium villas, plots, and retail opportunities, complemented by theme-based developments, with an estimated Gross Development Value (GDV) of ₹800 crore. “This acquisition is a significant milestone for NeoLiv as we embark on our third major plotted development project in one of the most desirable micro-markets in…

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RIICO Receives 800 Applications for 465 Plots in Rajasthan

Representative Image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received close to 800 applications for 465 industrial plots across approximately 294 acres, valued around Rs 550 crore. These plots are available under RIICO’s direct allotment scheme aimed at MoU holders from the Rising Rajasthan investment summit. Officials reported that the Kankani Industrial Area in Jodhpur saw the highest number of applications, totaling 267. To enhance occupancy rates in less utilized industrial zones, RIICO has revised its flexible land lease and rental policies. According to the new provisions, industrial plots in areas that achieved less than 25%…

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Hyderabad: Thorrur Plot Auctions for ₹45,000 per Sq Yard

Representative image HYDERABAD: The recent auction of open plots in Thorrur and Bahadurpally garnered significant interest, with bids reaching Rs 45,500 per square yard in Thorrur and Rs 40,500 in Bahadurpally. The Rajiv Swagruha Corporation held an auction for 85 open plots across various locations on Monday. Of these, 66 were auctioned in Thorrur, 11 in Kurmalguda, and eight in Bahadurpally, attracting around 150 bidders. VP Gautam, managing director of the corporation, noted that the auctions were well-received. Given Thorrur’s proximity to the Outer Ring Road and the Adibatla IT corridor, some bids reached as high as Rs 45,000 per…

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Puravankara Reports ₹56.75 Crore Net Profit for FY26

NEW DELHI: Puravankara has reported a net consolidated profit after tax of ₹56.75 crore for the financial year 2025-26, a significant turnaround from the loss of ₹182.92 crore reported in FY25, according to a filing with the BSE. The company’s net consolidated total income reached ₹3,846.42 crore in FY26, marking an impressive growth of 83.76% compared to ₹2,093.13 crore in FY25. In Q4 FY26, the net consolidated total income surged by 173.37%, amounting to ₹1,540.99 crore, compared to ₹563.70 crore in the same quarter of the previous year. The profit after tax for Q4 FY26 was ₹109.95 crore, recovering from…

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Gujarat to Boost Services Sector with New GCC Policy

NEW DELHI: Union Home Minister Amit Shah emphasized the need for Gujarat to enhance its services sector and develop infrastructure that supports high-skilled jobs in emerging industries. Shah stated that while Gujarat boasts a robust foundation in manufacturing, engineering, pharmaceuticals, ports, logistics, green energy, industrial infrastructure, and investments, it’s crucial for the state to boost its competitive edge against cities like Bengaluru, Hyderabad, Pune, and Gurugram in the services sector. He highlighted the importance of technology parks and the related infrastructure for Ahmedabad as it aims to attract businesses in sunrise sectors. According to Shah, sectors such as artificial intelligence,…

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Commercial Plot in Noida Priced at ₹758 Crore

Representative Image NOIDA: As the city’s land market heats up ahead of the anticipated launch of the airport in June, the Noida Authority is preparing to offer 35 plots in various categories, including industrial, institutional, commercial, and hotel use, with reserve prices ranging from ₹65 lakh to ₹758 crore. Officials noted that the high-end pricing mirrors increased investor interest sparked by the Noida International Airport, which is set to commence operations on June 15. The plot scheme will be available starting May 19, with earnest money deposits due by June 9 and the final submission deadline on June 11. “The…

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Bengaluru Housing Crisis Hits Breaking Point

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has instructed the Bengaluru Development Authority (BDA) to facilitate the establishment of an Association of Allottees for the Gunjuru Housing Project Phases 1 and 2. This involves transferring common areas and essential title documents to the Association, as per legal requirements. During proceedings concerning a petition by Narayan Shetty, an allottee, K-RERA emphasized that Phases 1 and 2 of the project are subject to regulation under Section 3 of the Act. The order mandates that the promoter/developer register the project within two weeks and submit an application for an occupancy certificate within…

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Rohit Gupta named MD at Mantra Group; Sandeep Ghosh is Trilegal CEO

NEW DELHI: Mantra Group has appointed Rohit Gupta as managing director, while Saransh Dey has been designated as chief executive officer (CEO) for the Mumbai Region. In his new position, Gupta will steer the company’s strategic direction and enhance its market operations. Dey will focus on the company’s business and operations within the city, prioritizing execution and customer engagement. In another announcement, Trilegal, a law firm, has appointed Sandeep Ghosh as its CEO. The firm will continue to operate under its partnership structure, with the management committee and board overseeing the strategic direction and governance. As CEO, Ghosh aims to…