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

Highway Expansion Reshapes Kochi’s Real Estate Landscape

Representative AI image KOCHI: The extensive development of the national highway is transforming Kochi’s growth trajectory, shifting real estate activities from the city center to the previously quiet suburbs like Maradu, Kundanoor, Madavana, and Koonammavu. The demand is fueled by comparatively lower land prices in these areas, ranging from Rs 7-10 lakh per cent, while Kochi city and the IT hub of Kakkanad command prices between Rs 25-40 lakh per cent. “Now, areas once viewed as outskirts are becoming attractive spots for investors and individuals seeking house plots. There’s a growing interest in mid-range properties, often 3-5 cents with small…

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Maharashtra to Complete Patra Chawl Project, Address Residents’ Needs

MUMBAI: Maharashtra Minister Shambhuraj Desai assured the state assembly on Monday that the government is dedicated to finalizing the long-stalled Patra Chawl redevelopment project. This comes as legislators voiced concerns regarding ongoing delays, incomplete work, and resident protests. Located in Goregaon, the Siddharth Nagar area (formerly Patra Chawl) spans 47 acres and is home to 672 tenant families. In 2008, the Maharashtra Housing and Area Development Authority (MHADA) awarded a redevelopment contract for the area to Guru Ashish Construction Pvt Ltd (GACPL), affiliated with the now-closed HDIL (Housing Development and Infrastructure Ltd). GACPL was tasked with constructing 672 flats for…

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Pirojsha Adi Godrej Acquires 1.8% Stake in Arvind SmartSpaces

NEW DELHI: On Monday, Pirojsha Adi Godrej acquired nearly 1.8% of the stake in Arvind SmartSpaces, a real estate developer, for ₹40.7 crore from an HDFC Capital affiliate through an open market transaction. Pirojsha Godrej serves as the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and is a Non-Executive Director at Godrej Consumer Products and Godrej Agrovet. According to block deal data from the BSE, Pirojsha Godrej purchased 8,17,530 shares, amounting to a 1.78% stake in the Ahmedabad-based company. The shares were acquired at an average price of ₹498 each, bringing the total transaction value to ₹40.71 crore. HDFC…

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Puravankara to Co-Develop Four Acres in Bengaluru

Representative Image NEW DELHI: Puravankara Group has commenced a joint development project on a four-acre land parcel located on Hennur Road in Bengaluru, with a projected gross development value (GDV) exceeding ₹1,300 crore. Ashish Puravankara, the company’s managing director, stated, “This joint venture is in line with our strategy of leveraging asset-light partnerships in high-potential micro-markets, while providing thoughtfully designed homes that meet the needs of modern urban living.” The land parcel offers a total saleable area of approximately 0.84 million sq ft, and the company anticipates launching it in the next six to twelve months. Earlier this year, Puravankara…

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Raymond Realty & County Group Launch ₹1,200 Cr Noida Project

NEW DELHI: Raymond Realty has finalized arrangements to co-develop a residential project in Kandivali, Mumbai, making it their seventh joint venture in the city. The project is projected to have a gross development value (GDV) of approximately ₹3,000 crore, bringing the total GDV of Raymond Realty’s real estate portfolio to nearly ₹43,000 crore. In a separate venture, County Group has launched a luxury residential project named Clove County in Sector 151, Noida, adjacent to the Noida-Greater Noida Expressway, with an investment exceeding ₹1,200 crore. The project spans five acres and will consist of 226 apartments across three towers. It will…

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Arnya Real Estate Fund & Supreme Universal Raise ₹1,030 Crore

NEW DELHI: Arnya Real Estates Fund Advisors, in collaboration with Supreme Universal, has raised ₹1,030 crore from both domestic and international investors for its Arnya Real Estate Fund-Equity. Launched in November 2025 with a target corpus of ₹1,250 crore, the fund focuses on residential redevelopment projects in Mumbai. Sunny Bijlani, Joint Managing Director of Supreme Universal, remarked, “As the real estate landscape changes, the quality and structure of capital have become as crucial as execution capabilities. Institutional partnerships like this introduce discipline, transparency, and long-term alignment in redevelopment initiatives.” Published On Mar 9, 2026 at 11:00 AM IST Join the…

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BIS drops seismic zonation plan due to rising construction costs

Representative AI image NEW DELHI: Three months after the Centre declared a new seismic zonation for India that classified Zone 6 as the highest risk, primarily covering the Himalayan arc and designating almost 60% of the country in moderate to high-risk zones— the 2024 iteration of IS 1893, introducing stricter construction safety standards, has now been revoked. In a notable regulatory change, the previous standard, IS 1893 of 2016, is reinstated. A gazette notification dated March 3 from the Bureau of Indian Standards (BIS) confirmed that the earlier notification from November 6, 2025, regarding the updated IS 1893 of 2025,…

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Haryana Supports Uniform Land Nomenclature in Revenue Records

Representative Image CHANDIGARH: Haryana is enhancing transparency and accuracy in land administration. Dr. Sumita Misra, Financial Commissioner of the Revenue and Disaster Management Department, stressed the need for a uniform naming system for government lands in revenue records. During her address to officials on Sunday, Misra underscored that standardizing ownership and cultivation entries in jamabandi records will reduce confusion and improve governance. This initiative follows earlier directives from the Revenue and Disaster Management Department in January and July 2021 to streamline land ownership entries across state government, central government, boards, corporations, panchayati raj institutions, and urban local bodies. Misra pointed…

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Karnataka bans conversion of plots under five guntas for farming

BENGALURU: The government has banned the conversion of land use for agricultural plots of five guntas or less, citing misuse of family partition rules. In a circular issued last month, the land survey department instructed deputy commissioners to identify such plots upon receiving land use conversion applications and to forward the files to deputy directors of land documents for further processing. The initiative follows the observation of a trend where landowners split farmland into smaller parcels, typically below 5 guntas, for easier registration, eventually selling them as revenue sites for profit. Many landowners sought permission to convert these small parcels…

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BMC Approves Geotech Experts for High-Rise Foundation Review

MUMBAI: In a pioneering move for urban local bodies in Asia, the Brihanmumbai Municipal Corporation (BMC) approved the empanelment of geotechnical and foundation experts through its high-rise committee (HRC) in January. This initiative aims for an independent assessment of high-rise building foundations to ensure that excavation and construction practices adhere to stringent safety standards. The new regulation mandates that buildings exceeding 180 meters must secure mandatory clearance from the HRC before advancing through key construction phases. This decision is in response to Mumbai’s increasingly vertical landscape, characterized by a growing number of super-tall towers being planned on densely packed urban…