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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Ulhasnagar Civic Body Urges Citizens to Check Building Legality

ULHASNAGAR: To combat illegal constructions and safeguard homebuyers from fraud, the Ulhasnagar Municipal Corporation (UMC) is urging citizens to verify the legality of buildings before purchasing flats or commercial spaces. The UMC has stressed the importance of confirming whether a structure is authorized or unauthorized by consulting the Town Planning Department prior to finalizing property transactions. The appeal, signed by Additional Municipal Commissioner Dhiraj Chavan, highlights the ongoing issue of unauthorized constructions in Ulhasnagar, which negatively impacts the city’s reputation. Many developers construct and sell flats without the required permissions from the municipal body, often deceiving buyers. When the UMC…

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Tax and Stamp Cess for Bengaluru Business Corridor Costs

BENGALURU: The state government will impose a betterment tax and a 1% stamp duty cess on properties near the 117km-long Bengaluru Business Corridor (BBC) to recover project costs. The Bangalore Development Authority (BDA) will oversee the complete construction, with funds collected going towards repaying a Rs 27,000-crore loan from HUDCO. Documents from TOI indicate that the government expects the BBC to elevate land values in the vicinity, therefore, a 1,000-meter impact zone will be established for taxation purposes. “Given that the project’s influence will be more pronounced within the first 500 meters from the road, a betterment levy in accordance…

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Gumla Admin Settles 746 Land Disputes

GUMLA: In a heartwarming move ahead of Diwali, the administration in Gumla has addressed numerous land disputes during this week’s Anchal Diwas event, bringing joy to many underprivileged families. One member of the PVTG Birhor community, Magdali Birhor, expressed her relief as her decade-long family land dispute was finally resolved. A resident of the Birhor colony in Palkot block, she shared, “Several claims had been made on my land, including from my in-laws, creating years of struggle. Now, it’s resolved, and I’ve received official documentation proving my ownership.” Meanwhile, Pramila Nooram from Raidih block successfully secured a caste certificate that…

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Developers to Manage Urban Infrastructure in Major City Revamps

NEW DELHI: In an effort to address the gap between high-quality real estate projects and neglected civic infrastructure, the government will empower private developers to serve as “urban infrastructure administrators” in major redevelopment zones under the Urban Challenge Fund (UCF) scheme. This initiative allows developers to construct and maintain essential infrastructure, including roads, water supply, sanitation, and transportation. With a total allocation of Rs 1 lakh crore, this scheme aims to encourage sustainable urban development, transforming cities into vibrant growth hubs and enhancing water and sanitation systems. The housing and urban affairs ministry has informed the Public Investment Board (PIB),…

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Infopark Irumpanam: Mixed Township Model, Says Kerala CM

KOCHI: Chief Minister Pinarayi Vijayan announced on Saturday that the new Phase IV campus of Infopark in Irumpanam will adopt a mixed township model, featuring five million square feet of new IT space. The state government previously decided to allocate 33.5 acres from Traco Cable Company in Irumpanam to Infopark for ₹200 crore for the campus establishment. In a social media post, the Chief Minister stated that the Phase IV campus is expected to generate 50,000 direct IT jobs and attract ₹3,000 crore in investments. “This development is designed as a mixed township, incorporating modern IT complexes, world-class infrastructure, and…

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Aurum Proptech’s Q2 FY26 Net Loss Narrows to ₹8.41 Crore

NEW DELHI: Aurum Proptech reported a consolidated net loss after tax of ₹8.41 crore for the quarter ending September 30, 2025. This reflects an improvement from a net loss of ₹12.15 crore in the same quarter of the previous fiscal year, as stated in a BSE filing. The company’s consolidated net total income for Q2 FY26 stood at ₹87.66 crore, marking a growth of 29.66% compared to ₹67.61 crore in the corresponding quarter last year. Onkar Shetye, the company’s executive director, commented: “Our distribution business grew by 62% year-on-year, driven by AI-led product innovations in Sell.do and the expanding presence…

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Signature Global secures ₹875 crore through debentures for growth

I visualize the growth potential of non-convertible debentures (NCDs) with a rising graph against a cityscape. NEW DELHI: Realty firm Signature Global Ltd has successfully raised Rs 875 crore through the issuance of non-convertible debentures (NCDs) aimed at repaying existing debt and fostering business expansion. The company announced in a regulatory filing on Friday that its debenture committee has approved the allocation of 87,500 NCDs, each with a face value of Rs 1 lakh, amounting to a total of Rs 875 crore, under private placement. Although Signature Global did not disclose the identities of the investors who subscribed to these…

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Ahmedabad’s Major Land Deal Nets ₹31 Crore Stamp Duty

AHMEDABAD: A landmark land transaction in the city has resulted in the highest stamp duty from a single sale deed to date. A 66,168 sq m plot in Chandkheda has been sold to LuLu International Shopping Malls Pvt Ltd for Rs 519.41 crore, generating Rs 31 crore in stamp duty revenue for the government. The deed was finalized on Friday at the Sabarmati sub-registrar’s office within the Ahmedabad district collector’s office. According to sources at the sub-registrar’s office, this is the largest land sale registered in Ahmedabad, thus marking a significant increase in stamp duty revenue. Officials from the state…

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UT Chief Secretary Reviews Chandigarh Housing Board Operations

Representative AI image CHANDIGARH: H Rajesh Prasad, the UT Chief Secretary, led an extensive review meeting of the Chandigarh Housing Board (CHB) on Friday. The agenda aimed to boost innovation, enhance operational efficiency, and increase accountability within the organization. A comprehensive presentation covered staff strength, recovery of outstanding dues, and other operational aspects of CHB. Highlighting CHB’s crucial role in providing housing for Chandigarh residents, the Chief Secretary urged the Board to develop a detailed plan showcasing its contribution to the city’s progress. He also emphasized the need for innovative housing schemes that align with urban development goals. In light…

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Sobha Q2 FY26 Net Profit at ₹72.52 Crore

NEW DELHI: Sobha has reported a net consolidated profit after tax of ₹72.52 crore for the quarter ending September 30, 2025. This marks an increase from the profit after tax of ₹26.08 crore recorded in the same quarter of the previous fiscal year, as stated in the company’s BSE filing. The company’s net consolidated income reached ₹1,469.32 crore, reflecting a growth of 52.22% from ₹965.29 crore in the equivalent quarter last year. “With a strong pipeline of 16.69 million sq ft of future launches planned over the next six quarters, a robust balance sheet, and stable demand, we are well-positioned…