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

Signature Global (India) nets ₹1,094.64 crore profit in FY26

NEW DELHI: Signature Global (India) announced a consolidated net profit after tax of ₹1,094.64 crore for the financial year 2025-26, up from ₹101.20 crore reported in FY25, as stated in a filing with the BSE. The company’s consolidated total income for FY26 reached ₹2,778.85 crore, a 5.34% increase from ₹2,637.99 crore in FY25. In Q4 FY26, consolidated total income surged 109.53% to ₹1,195.22 crore, compared to ₹570.43 crore in the same quarter last year. Similarly, profit after tax for Q4 FY26 was ₹1,152.40 crore, a significant rise from ₹61.12 crore in the corresponding quarter of the previous fiscal. The board…

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Concorde aims for ₹650 crore in FY27, invests ₹200 crore in projects

NEW DELHI: Concorde is set to invest approximately ₹200 crore in FY27 as it aims to grow its project pipeline in Bengaluru, using a combination of outright land purchases and joint development agreements. The company reported sales of about ₹450 crore for FY26, compared to ₹340 crore the previous year, while recognized revenue fell between ₹395-400 crore. The firm anticipates improving its profit margin to around 15% in FY27 from the current 8-10% range. Traditionally focused on joint development projects, the company is now increasing its budget for outright land acquisitions as landowners in Bengaluru favor cash transactions due to…

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Chandigarh Can Now Impose Fire Tax on Buildings

CHANDIGARH: The Chandigarh administration is now authorized to impose a fire tax or cess on buildings that pay property tax within the municipal corporation, following the extension of the Haryana Fire and Emergency Services Act, 2022, to Chandigarh. The fire tax will be calculated as a percentage of the property tax, with rates to be determined by the administration periodically. This initiative is part of a significant update to Chandigarh’s fire safety framework, replacing the previously enforced Delhi Fire Prevention and Fire Safety Act of 1986. The updated framework extends the validity of fire safety certificates (FSCs) from three to…

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ASK CLAF Invests ₹63 Crore in Arpora Villa Project, Goa

NEW DELHI: ASK Curated Luxury Asset Fund I (ASK CLAF I), a real estate investment platform co-sponsored by India Sotheby’s International Realty and ASK Property Fund, plans to invest ₹63 crores to develop a villa project in collaboration with Goa-based Priority Group. The villa development, named Ananda Nilaya, is located in Arpora and will feature 23 villas. The company anticipates generating ₹360 crores in revenue from this project. Spanning 5.12 acres, the development will be designed by the architectural firm Stapati, with landscape design led by Terra Firma. Currently, Priority Group is working on a total of five lakh sq…

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NSE Signs 80-Year Lease for 2.7 Acres in BKC at ₹1,684 Crore

MUMBAI: The National Stock Exchange of India (NSE) has secured a prestigious land parcel in Mumbai’s Bandra-Kurla Complex (BKC) through a long-term lease of 80 years from the Mumbai Metropolitan Region Development Authority (MMRDA), amounting to Rs 1,684 crore. This transaction encompasses the combined plots C-81 and C-82, situated in G Block of BKC, a prominent and costly commercial hub in India. The total area of the land parcel is approximately 2.7 acres, allowing a maximum permissible built-up area of 4.7 lakh sq ft. In March 2025, RealtyDailyNews initially reported that the stock exchange intends to transform its iconic headquarters…

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Sri Lotus Developers’ Profit Up 6.77% to ₹243.30 Crore FY26

NEW DELHI: Sri Lotus Developers & Realty, based in Mumbai, has announced a 6.77% increase in its net consolidated profit for the financial year 2025-26. The company reported a profit after tax of ₹243.30 crore, up from ₹227.88 crore in FY25, according to a BSE filing. The net consolidated total income for FY26 reached ₹818.71 crore, reflecting a growth of 43.82% from ₹569.27 crore in FY25. In Q4 FY26, the firm experienced a 62.53% increase in total income, totaling ₹322.03 crore compared to ₹198.13 crore during the same quarter last year. Profit after tax for Q4 FY26 rose by 17.50%…

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Keystone Realtors’ FY26 Profit Falls 49.5% to ₹94.95 Crore

NEW DELHI: Keystone Realtors has announced a 30.81% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹94.95 crore for FY26, compared to ₹188.13 crore in FY25, as stated in their BSE filing. The company’s net consolidated total income for FY26 was ₹2,716.85 crore, marking a 28.07% rise from ₹2,121.44 crore in FY25. In Q4 FY26, the net consolidated total income surged by 151.22% to ₹1,613.36 crore, up from ₹642.20 crore in the same quarter last year. However, the profit after tax saw a 4.93% decline, settling at ₹63.65 crore compared to ₹66.95…

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UP directs Noida DM to tackle Migsun Builders’ water violations

NOIDA: The groundwater department in Lucknow has instructed the Noida District Magistrate to take action against a builder due to excessive groundwater extraction in Greater Noida. A report is expected within 10 days. This directive follows environmentalist Vikrant Tongad’s persistent efforts, including an application submitted on April 22, which alleged that the Greater Noida Authority overlooked his complaint. Tongad’s application stated that Migsun Builders have been engaged in extensive dewatering operations in Tech Zone for over a year. Dewatering is a specialized technique used to remove groundwater or surface water from construction sites, trenches, or mining areas, ensuring a dry…

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Gujarat’s New Policy: Freehold Status for Housing Colonies

GANDHINAGAR: The Gujarat government’s new urban housing policy, under revision for the first time in a decade, includes relaxed redevelopment rules and the transition of housing board colonies to freehold status. This more liberal policy aims to encourage affordable housing by revitalizing old colonies established by local or state authorities, as well as aging private societies. The urban development and housing department is currently drafting the policy, which is anticipated to be released soon. “We have created a new draft policy following initial consultations with stakeholders and plan to unveil it for public feedback shortly,” a knowledgeable source stated. “The…

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Ludhiana’s Property Plates Project Stalled for 12 Years

LUDHIANA: Efforts to modernize the city’s property tracking system have been stalled for a decade due to two unsuccessful attempts at installing unique identification plates across the area. The municipal corporation’s initiative, proposed in 2014, aimed to assign a permanent UID number and QR code to every residential and commercial property, enabling officials to instantly check for unpaid taxes, water bills, and sewage dues. After 12 years of planning and failed implementations, the project lacks a clear timeline for progress. Most recently, the effort under the Smart City Mission failed due to a conflict between the municipal body and its…