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

Unitech Nominee Director Uma Shankar Resigns

NEW DELHI: Realty company Unitech Ltd announced on Friday that its nominee director, Uma Shankar, has resigned for personal reasons. According to a regulatory filing, Unitech stated that Shankar, a Non-Executive nominee director, “resigned from the board of the company effective March 7, 2026.” The company expressed regret for the delayed notice of her resignation to the stock exchanges, attributing this to an “unintentional oversight.” The Supreme Court directed the Union government on December 18, 2019, to establish an independent management for Unitech Ltd. In compliance, the Ministry of Corporate Affairs proposed a new board of directors, which the apex…

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Belagavi Civic Body’s Illegal Construction Crackdown Raises Accountability

BELAGAVI: On Thursday, the Belagavi City Corporation (BCC) ramped up its efforts against illegal constructions, initiating a partial demolition of a four-storey building in the bustling Maruti Galli area. The operation, carried out with JCB machinery, signifies a notable intensification in the enforcement of regulations against unauthorized structures in the city. The demolition captured significant public interest, drawing large crowds as sections of the building were dismantled. While many locals applauded the enforcement as a necessary assertion of civic oversight, it has also sparked controversy and raised concerns regarding governance, due process, and accountability within the urban local body. A…

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Osman Nagar Land Auction in Hyderabad Sells for ₹51 Crore/Acre

Representative Image HYDERABAD: Osman Nagar near Tellapur has become Hyderabad’s latest real estate hotspot, with the first land auctions in the area yielding impressive bids. An acre of land sold for Rs 51.25 crore, which is nearly 30% above the reserve price of Rs 39 crore. The Telangana Industrial Infrastructure Corporation (TGIIC) generated Rs 768 crore from the auction of two prime land parcels, indicating a strong demand for strategically located urban land. Leading developer Rajapushpa acquired a 10.09-acre parcel for Rs 51.25 crore per acre, while Brigade Group bought another 5.72-acre parcel at Rs 44 crore per acre. TGIIC…

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42 Ghaziabad Buildings, Including Hospitals, Violate Fire Safety

GHAZIABAD: The fire department has identified 42 buildings, which include residences, hospitals, and hotels, as ‘unsafe’ for failing to meet fire safety regulations. Following inspections between 2017 and 2026, the department discovered that approximately 51 buildings were non-compliant with safety standards. A report was submitted to the district court, leading to legal proceedings against these establishments. To date, only nine have upgraded their fire safety systems, which the fire department has approved. Chief Fire Officer (CFO) Rahul Pal stated that regular inspections are conducted to ensure compliance. “When irregularities are detected, we issue notices and provide a stipulated timeframe for…

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Delhi to Launch Smart Cards and Cess Portal for Builders

Representative AI image NEW DELHI: The Delhi government is set to improve the registration process for construction workers and enhance the delivery of welfare schemes through a chip-enabled smart card, officials announced on Thursday. Additionally, a dedicated portal will be established to boost cess collection from builders and construction firms. This fund will support various welfare initiatives for construction workers. The Delhi Building and Other Construction Workers’ Welfare Board (DBOCWWB) is in the process of selecting an agency to design, implement, and manage an integrated digital platform, officials stated. This platform will include a cess management portal alongside a network…

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Birla Estates Achieves ₹8,136 Crore in FY26 Bookings

NEW DELHI: Birla Estates, a wholly-owned unit of Aditya Birla Real Estate, has reported a booking value of ₹8,136 crore for FY2025-26, marking a 23.5% increase in collections year-over-year. The National Capital Region (NCR) was the top contributor to the company’s sales, with Bengaluru following as the second-largest market. The Mumbai Metropolitan Region (MMR) also experienced growth, with new projects launched in Thane and a new redevelopment initiative in Khar West. In Pune, new launches fueled growth, benefiting from consistent demand in residential projects. During FY26, the company introduced eight projects across four regions. Published On Apr 23, 2026 at…

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Bengaluru: City Corporations Can Buy Properties for Tax Recovery

BENGALURU: As property tax defaulters continue to disregard multiple notices and auction alerts, the Greater Bengaluru Authority (GBA) is considering a new strategy. Officials are looking into the option of municipal corporations buying these properties at their guidance value to recoup overdue taxes. In the past, legal actions such as issuing demand notices, seizing properties, and conducting public auctions have been implemented to recover debts. However, despite these efforts, few property owners opted to comply, and auctions often attracted no bidders, resulting in unmet revenue expectations. Consequently, authorities are now contemplating the direct acquisition of properties as a last resort.…

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India’s Q1 2026 Real Estate Inflows Reach $5.1 Billion

NEW DELHI: According to a report by CBRE, capital inflows into India’s real estate sector reached an all-time high of $5.1 billion in the January-March quarter of 2026, a 72% increase from $2.9 billion during the same period last year. Sequentially, investments rose by approximately 53% from the $3.3 billion recorded in the October-December quarter of 2025, showcasing ongoing institutional interest despite global economic uncertainties. During this quarter, domestic investors were predominant, representing nearly 96% of total inflows. Developers led the way in capital deployment with a 42% share, followed closely by real estate investment trusts (REITs) at around 40%.…

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Devendra Fadnavis to Lead Maharashtra Business Summit 2026

MUMBAI: The inaugural Maharashtra Business Summit & Awards 2026, hosted by ETGovernment–The Economic Times, is set to take place on April 23–24 at the iconic Taj Lands End. This event promises to be one of the year’s most significant economic gatherings. Chief Minister Shri Devendra Fadnavis will be the Chief Guest, joined by various ministers, senior officials, global investors, industry leaders, and diplomats. This convergence of policy, capital, and global influence is rare and highly anticipated. Positioned as a pivotal platform at this vital juncture in Maharashtra’s economic landscape, the summit will gather influential decision-makers and business leaders to outline…

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Gurugram to Auction Properties Over Unpaid GRAP Fines

GURUGRAM: The Municipal Corporation of Gurugram (MCG) has launched a rigorous recovery initiative aimed at individuals and entities with outstanding challans issued during the Graded Response Action Plan (GRAP). They have warned that unpaid dues may lead to property sealing and auction proceedings. MCG Commissioner Pradeep Dahiya urged officials on Monday to hasten recovery efforts, emphasizing that the enforcement teams responsible for issuing challans will be held accountable for the collection of payments. He warned that any negligence in recovery would not be accepted, stating that there are currently 176 pending challans totaling Rs 41.2 lakh. This initiative coincides with…