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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Lodha Developers’ Q3 FY26 Profit Edges Up to ₹957 Crore

NEW DELHI: Lodha Developers Ltd reported a consolidated net profit increase of 1% to Rs 956.9 crore for the third quarter of this fiscal year, compared to Rs 944.4 crore in the same quarter last year. The company’s total income rose to Rs 4,775.4 crore for the October-December period of 2025-26, up from Rs 4,146.6 crore during the same period the previous year, as noted in a regulatory filing. Abhishek Lodha, MD & CEO of Lodha Developers, commented on the results: “Our third-quarter pre-sales performance highlights the strong appeal of our product and brand.” He added that pre-sales for the…

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Andhra Pradesh Cabinet OKs ₹4,451 Cr Loan Guarantee for PMAY

AMARAVATI: On Wednesday, the Andhra Pradesh Cabinet sanctioned a government guarantee to APTIDCO for a loan exceeding Rs 4,000 crore to construct housing units and related infrastructure under the Pradhan Mantri Awas Yojana (PMAY). Additionally, the Cabinet approved the enhancement of Piduguralla Government Medical College through a Public-Private Partnership (PPP) model. A press release stated, “The Cabinet has agreed to provide a government guarantee to Andhra Pradesh Township and Infrastructure Development Corporation for a loan of Rs 4,451 crore aimed at constructing housing units and associated infrastructure under PMAY.” Recognizing athlete Jyothi Yarraji’s achievements, the Cabinet also approved a grant…

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Aditya Birla Real Estate posts ₹75 crore Q3 FY26 loss

NEW DELHI: Aditya Birla Real Estate Ltd announced a consolidated net loss of Rs 75.31 crore for the quarter ending December. This marks an increase from the net loss of Rs 42.37 crore reported in the same period last year. The company’s total income decreased to Rs 90.33 crore during the October-December period of this fiscal year, down from Rs 208.64 crore in the corresponding period of the previous year, as per a regulatory filing. The board has approved the appointment of Keyur Shah as Chief Financial Officer (CFO), effective March 1, 2026. This change follows the retirement of Snehal…

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Uttar Pradesh Housing Panel Launches Phase Two of Rule Easing

LUCKNOW: On Tuesday, the UP housing department established a six-member committee, chaired by the housing secretary, to initiate the second phase of the compliance reduction and deregulation process. This committee will consist of vice-chairmen from Lucknow, Varanasi, and Ghaziabad, along with the state’s chief town planner and Awas Bandhu’s director. After securing the top position in the first phase of the deregulation initiative nationwide, the UP government has tasked key departments with identifying bottlenecks causing delays in processing applications from individuals and private entities. “We will assess all our services to enhance the working environment for all stakeholders. Our primary…

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HDFC Capital, Curated Living set up ₹1,000 Crore rental platform

NEW DELHI: HDFC Capital Advisors, the real estate private equity branch of the HDFC Group, has partnered with Curated Living Solutions (CLS), led by Bhaskar Raju from the DivyaSree Group, to create a ₹1,000 crore rental housing platform. According to Vipul Roongta, CEO of HDFC Capital, “India’s urban rental housing market is at a pivotal moment, influenced by a youthful and mobile demographic. Rental housing plays a crucial role in enhancing mobility, particularly for students, young professionals, and migrant workers.” The platform will emphasize the development, ownership, and management of institutional-grade rental housing assets to address the increasing demand for…

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Hyderabad: ₹100 Crore Tax Evasion by 1 Lakh Property Owners

HYDERABAD: The financially struggling Greater Hyderabad Municipal Corporation (GHMC) has discovered over one lakh property owners who have collectively avoided paying over Rs 100 crore in taxes by undervaluing their properties for several years. This was revealed during a GIS-based survey conducted by the GHMC between August 2024 and December 2025, utilizing drone imagery and high-resolution mapping. As part of the survey, over six lakh properties were assessed. The data indicated that most of the under-assessed properties are located in Serilingampally, Chandanagar, Moosapet, Kukatpally, and LB Nagar circles—areas characterized by rapid urban development, high-rise buildings, and increased commercial activity over…

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Hyderabad: 1 Lakh Owners Evaded ₹100 Crore in Taxes, GHMC Reports

HYDERABAD: The financially challenged Greater Hyderabad Municipal Corporation (GHMC) has identified over 100,000 property owners who collectively evaded taxes exceeding Rs 100 crore due to prolonged under-assessment of their properties. This discovery was made during a GIS-based survey conducted from August 2024 to December 2025, utilizing drone imagery and high-resolution mapping. More than six lakh properties were evaluated as part of this survey. The results indicated that most under-assessed properties are located in rapidly urbanized areas such as Serilingampally, Chandanagar, Moosapet, Kukatpally, and LB Nagar, all of which have seen significant commercial and residential development in recent years. An official…

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Delhi Villages Demand Relief from House Tax, Urban Rules

NEW DELHI: A combined delegation from the Delhi Panchayat Sangh and Palam 360 Village Khap met with MCD Standing Committee Chairperson Satya Sharma on Tuesday, requesting the repeal of house tax and other urban regulations affecting villages in the national capital, as stated in their announcement. The delegation submitted a memorandum advocating for the exemption of all Delhi villages from house tax, conversion charges, parking fees, and other municipal taxes. They argued that these fees impose an unfair financial burden on rural residents whose livelihoods and living conditions significantly differ from those in urban settings. The group emphasized that villagers…

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Maharashtra May Boost RR Rate in April Amid Rising Debt

PUNE: According to senior officials in the revenue department, purchasing a flat may become more expensive in the upcoming financial year. There is a suggestion of a potential increase in Ready Reckoner (RR) rates this April due to a growing revenue deficit and rising debt associated with welfare initiatives such as the Ladki Bahin Yojana. Discussions with stakeholders at the district level are currently ongoing, and a final decision will depend on the funding required for infrastructure projects, welfare programs, and recently introduced incentives. “Given the increasing revenue deficit and significant supplementary demands, a revision in RR rates appears to…

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Andhra CM Advocates Amaravati Capital Bill in Parliament

VIJAYAWADA: Chief Minister and TDP leader Chandrababu Naidu announced that a Bill will likely be introduced in Parliament during the budget session to formally recognize Amaravati as the capital of Andhra Pradesh. He urged party MPs to intensify efforts to secure Central funds for ongoing and proposed development projects in the state and to remain vigilant during the upcoming budget session to safeguard Andhra Pradesh’s interests. Naidu chaired a meeting of the Telugu Desam Parliamentary Party at his camp office on Sunday, where he outlined key issues to be addressed during the budget session planned from January 28 to April…