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

Lucknow: LDA Requires Fire Safety Certificates for Building Approval

LUCKNOW: Fire safety is now a fundamental requirement for building map approvals in Lucknow. The Lucknow Development Authority (LDA) has mandated that all buildings needing a fire NOC must present a valid certificate for map approval. LDA Vice-Chairperson Prathamesh Kumar announced this policy, which enforces compliance with the UP Fire Safety and Emergency Services Act, 2022, and Rules, 2024. Under the new regulations, maps of commercial and public-use buildings that fall under fire safety standards will not be approved without a valid fire NOC from the fire department. For buildings exempt from mandatory fire NOC regulations, such as hotels, schools,…

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Gujarat Real Estate Projects Stall Amid Appraisal Panel Delay

Representative AI image AHMEDABAD: Real estate project approvals in Gujarat have encountered delays following the non-functionality of the State-level Expert Appraisal Committee (SEAC) after its tenure concluded in June, according to industry representatives and government sources. Although a standing committee has been instituted via government notification, the industry is advocating for a regular committee. Sources indicated that environmental assessments for various real estate and industrial projects are stalled. The Confederation of Real Estate Developers’ Associations of India (CREDAI), Gujarat, has raised this concern with the state government. Tejas Joshi, president of CREDAI, Gujarat, emphasized, “The SEAC plays a crucial role…

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Prestige Estates’ Q1 FY27 Net Profit Falls 13% to ₹271.40 Crore

NEW DELHI: Prestige Estates Projects has experienced a 12.9% drop in its net consolidated profit after tax, reporting ₹271.40 crore for the quarter ending June 30, 2026, down from ₹311.50 crore for the same period last year. The company’s net consolidated total income saw an increase of 14.9%, reaching ₹2,835.60 crore in Q1 FY27 compared to ₹2,468.70 crore in Q1 FY26. Sales recorded during the quarter amounted to ₹6,579.30 crore, a decline of 46% year-on-year. The Prestige Group’s share in sales was ₹6,126.60 crore, representing a 43% decrease. Collections rose by 6% year-on-year to ₹4,802.20 crore, with the group’s share…

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Brigade Acquires 2 Acres in Bengaluru; Prestige Develops 14.6 Acres in Thane

Representative AI image NEW DELHI: Brigade Group has purchased a two-acre land parcel on Kanakapura Road in South Bengaluru. The company plans to develop a premium residential project on this site, with an estimated gross development value (GDV) of around ₹400 crore. In a related announcement, Prestige Group revealed a new partnership to develop a residential project in Thane. The Thane project, which spans approximately 14.6 acres, is projected to have a GDV of ₹6,000 crore and a developable potential of over five million sq ft, expected to be developed in phases. Published On Jul 29, 2026 at 09:18 PM…

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Uttar Pradesh to Relax Building Rules in Industrial Areas

Representative AI image LUCKNOW: The Uttar Pradesh government plans to implement standardized building regulations across its industrial development authorities. The industries department has prepared a draft of the Model Building Regulations-2026, aimed at streamlining approval processes and enhancing development potential. This draft, which will soon be presented to the cabinet, was evaluated by Industrial Development Minister Nand Gopal Gupta ‘Nandi’ on Tuesday. “These proposed regulations aim to make UP more investor-friendly by simplifying construction norms,” Nandi stated to TOI. He emphasized that these reforms are designed to drive investment, create jobs, and facilitate planned urban development, all while supporting the…

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Chikkamagaluru Villagers Denied Govt. Schemes Lacking Documents

Representative AI image CHIKKAMAGALURU: Many homes in Narasimharajapura taluk lack property documentation and e-Khata, leaving villagers without access to various government benefits. The taluk includes 14 gram panchayats and one town panchayat. According to revenue records, there are 22,738 residences within the gram panchayat limits, but e-Khata has only been issued for 7,274 of these homes. Under Section 94C of the Karnataka Land Revenue Act, 11,432 applications have been submitted in rural regions; of these, 1,422 have been approved and 9,044 rejected, with a total of 10,496 cases resolved and 936 still pending, as reported by revenue officials. Within the…

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Credai Calls for Double Soil Report Verification After Tower Tilt

Representative AI Image BENGALURU: Following the recent incident of a tilted apartment tower that revealed shortcomings in a geotechnical investigation report, the Confederation of Real Estate Developers’ Associations of India (Credai)-Karnataka chapter has proposed double verification of soil investigation reports as a best practice in its developers’ handbook. The recommendation is advisory and not mandatory, encouraging members to adopt it. Developers will be urged to have geotechnical investigation reports independently reviewed prior to foundation work to reduce errors in soil assessments, crucial for structural design and foundation planning. According to Credai officials, the handbook is regularly updated based on industry…

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Haryana: HSVP Official Required for Auction Plot Registration

Representative AI image GURUGRAM: Buyers of plots auctioned by the Haryana Shahari Vikas Pradhikaran (HSVP) will now need the physical presence of an authorized official. Due to a procedural change implemented by the revenue department, an HSVP official must be present at the tehsil office for the registration of sale deeds. This updated requirement applies exclusively to properties directly sold by HSVP, such as plots obtained through e-auctions, and does not pertain to resale transactions between private individuals. However, this change has raised concerns among buyers and HSVP officials regarding potential delays. SDM Sanjeev Singla mentioned that discussions have already…

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Bengaluru Tower Demolition Plan Triggers OC Debate

BENGALURU: The proposed demolition of an 18-storey apartment tower in southeast Bengaluru has sparked significant debate over the reliability of occupancy certificates (OCs) issued by the Greater Bengaluru Authority (GBA). The 49-unit structure at SNN Raj Etternia near Kudlu received its OC earlier this year but is now set for demolition following new geotechnical investigations that uncovered serious soil issues. While the developer assures that the remaining 14 towers in the 972-unit township are structurally sound, residents argue that this incident highlights critical concerns regarding the building approval and certification process. Urban planning expert Ashwin Mahesh noted that the situation…

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Bengaluru Authority Sets New Building Approval Fee Structure

BENGALURU: The Greater Bengaluru Authority (GBA) has released a new notification detailing the fee structure for building construction approvals under the GBA Act. This includes fees for plan approvals, revised plan approvals, and plinth certificates, which were previously charged under the BBMP Act and have now been re-established under the new legislation. According to the announcement, fees will be calculated based on the prevailing guidance value of the site and the total built-up area of the building, measured on a per square metre basis. The minimum guidance value for calculations will be set at Rs 50,000 per sqm. The inspection…