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

Nila Spaces’ Q3 FY26 Net Profit Soars 118.45%

NEW DELHI: Nila Spaces, based in Ahmedabad and a subsidiary of the Sambhaav Group, has reported a remarkable 118.45% increase in net consolidated profit for the quarter ending December 31, 2025. The company’s profit after tax rose to ₹8.17 crore in Q3 FY26, compared to ₹3.74 crore in the same quarter of the prior fiscal year, as disclosed in a BSE filing. The total income for the quarter also increased, reaching ₹55.51 crore in Q3 FY26, a growth of 58.28% from ₹35.07 crore in the corresponding quarter last year. Amit R. Chokshi, an independent director, has resigned and consequently will…

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Housing Dept Approved to Launch UP Redevelopment Plan

LUCKNOW: The state government has approved the housing department to proceed with the UP redevelopment policy. This initiative is designed to unlock key land parcels in urban areas, providing a framework for housing development authorities to process applications from private entities interested in redeveloping properties. Officials noted that numerous houses and buildings in prime locations remain underutilized due to factors like disputes, poverty, resource shortages, and decay. In many instances, tenants are left residing in dilapidated structures that urgently need repairs and upgrades. Private developers will have the opportunity to consult with stakeholders engaged in the redevelopment process to collaboratively…

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Brigade Enterprises Q3 FY26 Net Profit Falls 12.61%

NEW DELHI: Brigade Enterprises has reported a 12.61% decline in net consolidated profit for the quarter ending December 31, 2025. Its profit after tax for Q3 FY26 was ₹205.83 crore, down from ₹235.52 crore in the same quarter last year, according to a BSE filing. The net consolidated total income for Q3 FY26 was ₹1,623.18 crore, reflecting a 6.11% increase from ₹1,529.68 crore in the previous year’s corresponding quarter. The company’s board has accepted the resignation of Pradyumna Krishna Kumar as interim Chief Financial Officer, effective February 2, 2026. Despite stepping down from this role, he will continue as an…

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Godrej Properties buys 8.5-acre land in Mahalunge, Pune

Representative Image NEW DELHI: Godrej Properties (GPL) has successfully acquired an 8.5-acre land parcel through outright purchase in Mahalunge, Pune. The proposed project will primarily feature group housing, with an estimated development potential of around 2.1 million square feet, translating to a revenue potential of ₹2,000 crore. Gaurav Pandey, Managing Director & CEO of the company, stated, “This land acquisition is a significant milestone in our strategy to strengthen our footprint in Pune and expand across high-potential micro-markets in India’s leading cities.” Additionally, the company announced it will be handing over homes across nearly 10 projects in the National Capital…

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Haryana Revenue Seeks PAN Details for High-Value Property Deals

CHANDIGARH: The Haryana Revenue and Disaster Management Department has instructed all deputy commissioners to submit any outstanding PAN details for high-value property deed registrations statewide without delay. A letter from Sumita Misra, the Financial Commissioner of the Revenue and Disaster Management Department, indicates that the Income Tax Department of the Government of India has requested PAN information for all buyers and sellers involved in deed registrations exceeding ₹30 lakh from the financial years 2019-20 to 2024-25. The department has already made consolidated data accessible through the Web-HALRIS portal, which facilitates deed registration and land records management. Tehsildars are advised to…

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UP Plans Metropolitan Corp for Noida Following SC Ruling

NOIDA: The UP Industries Department has drafted a proposal for the establishment of a metropolitan corporation in Noida, pending consideration by the state council of ministers. This initiative would necessitate legislative changes, marking a significant shift in Noida’s governance. At present, Noida is administered by the New Okhla Industrial Development Authority (Noida Authority), established in 1976 under the Uttar Pradesh Industrial Area Development Act, functioning as an industrial township without a municipal corporation. The governance of notified areas solely rests with the Noida Authority. This proposal stems from a Supreme Court order issued in August of last year, following a…

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Goldman Sachs, Morgan Stanley buy 4.9% in Sunteck for ₹268 crore

NEW DELHI: On Thursday, US-based firms Goldman Sachs and Morgan Stanley jointly acquired a 4.9% stake in Sunteck Realty from CLSA, a capital market company, for ₹268 crore through open market transactions. According to block deal data from the BSE, Goldman Sachs, via its arm Goldman Sachs Bank Europe SE, bought 36.52 lakh shares, equating to a 2.5% stake in Sunteck Realty. Moreover, Morgan Stanley, through its affiliate Morgan Stanley Asia (Singapore) Pte, purchased 35.09 lakh shares, which represents a 2.4% stake in the company. The shares were acquired at an average price of ₹375.1 each, bringing the total deal…

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Prestige Estates Reports ₹244.7 Crore Profit in Q3 FY26

NEW DELHI: Prestige Estates Projects announced a net consolidated profit after tax of ₹244.7 crore for the quarter ending December 31, 2025, a significant increase from ₹32.2 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income for Q3 FY26 reached ₹3,885.5 crore, marking a remarkable growth of 128.84% compared to ₹1,697.9 crore in the corresponding quarter the previous year. The real estate firm reported sales of ₹223,273 million, reflecting a year-on-year increase of 122%. Collections during the first nine months of FY26 amounted to ₹132,833 million, up 49% year-on-year, with…

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Ajmera Realty’s Q3 FY26 Net Profit Drops 24.64%

NEW DELHI: Ajmera Realty & Infra India (ARIIL) has reported a 24.64% decline in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax for Q3 FY26 was ₹25.54 crore compared to ₹33.89 crore in the same quarter of the previous fiscal year, as per the company’s BSE filing. The net consolidated total income for the company was ₹183.52 crore in Q3 FY26, reflecting a decrease of 7.83% from ₹199.12 crore during the same period last year. Dhaval Ajmera, Director of Corporate Affairs, stated, “We achieved a remarkable performance in the first nine months of…

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Suraj Estate Developers’ Q3 FY26 Net Profit Jumps 25.93%

NEW DELHI: Suraj Estate Developers announced a 25.93% increase in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax reached ₹25.16 crore in Q3 FY26, compared to ₹19.98 crore in the same quarter of the previous fiscal year, according to a filing with the BSE. The company reported a net consolidated total income of ₹181.48 crore in Q3 FY26, marking a 5.62% rise from ₹171.82 crore in the corresponding quarter of the previous year. Rahul Thomas, the company’s whole-time director, stated, “The sales area for the first nine months of FY26 was 1.03 lakh…