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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HDFC Fund, Advisors Settle ₹26 Lakh Regulatory Violations

NEW DELHI: HDFC Property Fund and HDFC Capital Advisors have reached a settlement over a regulatory violation with Sebi, amounting to Rs 26 lakh. The case involved delays in the asset liquidation process and the distribution of proceeds. This delay in winding up the schemes is a violation of Sebi’s Venture Capital Funds rules. According to a Sebi settlement order issued on Thursday, HDFC Property Fund and HDFC Capital Advisors submitted suo motu settlement applications, proposing to resolve the matter “without admitting or denying the findings of facts and conclusions of law”. HDFC Property Fund initiated two schemes: the HDFC…

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PMRDA Given 12-18 Months for Structural Plan to Unlock Permits

PUNE: Urban Development Minister Madhuri Misal has urged the Pune Metropolitan Region Development Authority (PMRDA) to accelerate the preparation of a structural plan, aiming to implement it within the next 12-18 months. This move comes in light of delays in development permissions following the cancellation of the authority’s draft development plan (DP). The directive was given during a review meeting at PMRDA’s Akurdi headquarters, where key infrastructure projects, including town planning schemes and the ring road project, were assessed. PMRDA Commissioner Abhijit Chaudhari and other senior officials were present. Misal mentioned that the transfer of five approved town planning schemes…

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NCR States Opt Against Touching Aravali, Plan 2041 Paused

NEW DELHI: On Tuesday, the NCR states agreed to maintain the Natural Conservation Zone (NCZ) provisions in the Regional Plan 2041 and to protect the Aravali region. Meanwhile, the NCR Planning Board has postponed the finalization of the plan for a couple of months. The board opted to form a sub-committee with senior officials from central and state governments to evaluate new proposals suggested by board members. The panel is expected to deliver its final report by August 15. Union Urban Affairs Minister Manohar Lal, who led the meeting, informed reporters that numerous suggestions have been put forward, and certain…

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Chandigarh Plan Changes to Boost Housing and Affordability

CHANDIGARH: Proposed changes to the Chandigarh Master Plan (CMP) 2031 could lead to substantial expansions in housing and mixed-use developments in the city. The UT administration aims to unlock large areas of vacant land and allow for higher-density construction. Officials believe these changes will address Chandigarh’s increasing housing demand, enhance affordability, and make home ownership more accessible for a broader segment of the population. A major element of the proposal includes nearly doubling the city’s mixed land use (MLU) area. The draft amendments also suggest raising the Floor Area Ratio (FAR) and promoting vertical development in select zones. According to…

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Mumbai: Developers Explore Tankers, Recycling Amid Water Restrictions

MUMBAI: As water supplies in Mumbai become tighter, developers and industrial users are adjusting their operations, preparing for increased costs, a greater reliance on tankers, and potential project delays, while also accelerating investments in water recycling and reuse. The BMC has suspended water supply to construction sites and implemented a 20% reduction in supply to industrial and commercial entities due to declining reservoir levels and a delayed monsoon. These restrictions are on top of a previously established 10% cut from the previous month. Amit Jain, Chairman and Managing Director of Arkade Developers, mentioned that these measures would drive developers towards…

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CM Finalizes Delhi Slum and JJ Cluster Rehab Policy

NEW DELHI: Chief Minister Rekha Gupta has announced the finalization of the Delhi Slum and JJ Cluster Rehabilitation and Resettlement Policy, 2026, by the Centre and the Delhi government. Gupta stated that the first phase will involve rehabilitation projects for five JJ clusters, providing essential civic amenities such as schools, health centers, playgrounds, and anganwadi centers. In a late Tuesday night post on X, Gupta mentioned that the policy was concluded in a high-level meeting led by Union Home Minister Amit Shah. She also indicated that the Delhi Development Authority (DDA) and the Delhi Urban Shelter Improvement Board (DUSIB) will…

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Guwahati Builders Support Government’s Satellite City Plan

GUWAHATI: The Assam Real Estate and Infrastructure Developers’ Association (AREIDA) has shown strong support for the state government’s initiative to establish the Guwahati Satellite Cities Development Authority (GSCDA). This authority aims to plan, finance, and develop satellite cities in the vicinity of Guwahati. AREIDA President PK Sharma emphasized the importance of constructing a well-planned satellite city near the Guwahati airport to alleviate pressure on the main city. He noted that this initiative is critical for decongesting the area and accommodating projected population growth. “With the Guwahati Metropolitan Area’s population expected to reach 4 million during the Master Plan period, sustainable…

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Puravankara Acquires 9.73 Acres in Bengaluru; Arvind Joins for 58.25 Acres in Ahmedabad

Representative image NEW DELHI: Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru. This outright acquisition has development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of ₹800 crore. In a separate announcement, Arvind SmartSpaces (ASL) shared plans for a residential plotted project located on Kerala-Nalsarovar Road in South Ahmedabad. The project encompasses 58.25 acres, featuring a saleable area of 2.5 million sq ft. This joint development initiative is expected to generate a top-line of ₹180 crore. Published On Jun 17, 2026 at 09:46 AM IST Join a community of…

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Harmony Infra Ventures to Invest ₹550 Crore in Ghaziabad Project

NEW DELHI: Harmony Infra Ventures has assumed full ownership of The Horizon Residences, a ₹1,600 crore residential endeavor located in Indirapuram, Ghaziabad. HS Kandhari, co-founder and executive director of the firm, mentioned that ₹550 crore will be invested in this project, with substructure work already in progress across the two G+33 towers. The project features 264 residences with pricing starting at ₹5.99 crore. It is compliant with the Real Estate Regulatory Authority and has secured all necessary approvals. Indigo Infraprojects is responsible for the foundation work, which includes deep excavation, piling, diaphragm wall construction, shoring, and other ground engineering tasks…

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Delhi’s Slum Dwellers Rehabilitation Policy Finalized: Home Min.

NEW DELHI: Union Home Minister Amit Shah announced on Tuesday that the Delhi Slum and JJ Cluster Rehabilitation and Relocation Policy, 2026, is finalized and will benefit around four lakh families residing in such areas. Shah recommended that the Delhi government issue tenders for at least five public-private partnership-based rehabilitation projects each month. During a review meeting focused on the rehabilitation of slum dwellers in the national capital, he directed the Delhi Development Authority (DDA) and the Delhi Urban Shelter Improvement Board (DUSIB) to issue tenders for five clusters within 45 days. He also requested the preparation of project documents…