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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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…

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Raymond Realty Q3 FY26 Net Profit Hits ₹66.79 Crore

NEW DELHI: Raymond Realty has announced a consolidated net profit of ₹66.79 crore for the quarter ending December 31, 2025, a significant increase from ₹3.01 crore reported in the same quarter last fiscal year, according to a BSE filing. The company’s consolidated total income for Q3 FY26 reached ₹765.97 crore, compared to ₹93.26 crore in the corresponding quarter of the previous year. Harmohan Sahni, the managing director and CEO, stated, “Margins were temporarily affected due to upfront approval and marketing expenses, which are crucial investments for achieving scale and ensuring sustainable long-term growth.” The company projects that joint development agreements…

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13 Builders Fined for Water Extraction; Noida Claims Legality

NOIDA: Contradictory statements have surfaced from the Uttar Pradesh Pollution Control Board (UPPCB) and Noida Authority in two separate affidavits filed with the National Green Tribunal (NGT) regarding a plea for action against builders for illegal groundwater extraction in Greater Noida. The case is set for hearing on Tuesday. In an affidavit dated January 23, UPPCB referenced a letter from the Greater Noida Authority imposing a penalty of 1% of the project cost on 22 builders. Conversely, Noida Authority’s affidavit from January 24 stated that 13 of the builders purchased 3.80 lakh KL of STP-treated water worth Rs 19 lakh…

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Illegal Ads Removed from Barricades in Noida Sector 150

NOIDA: A commercial plot in Sector 150, where software engineer Yuvraj Mehta drowned on January 16, is now under scrutiny for civic lapses. The plot’s owner, Wiztown Planners, claims that the Noida Authority ordered the removal of barricades at the site in July 2021. “The area was previously barricaded. The Noida Authority intervened and instructed Wiztown to take down the barricades, which included advertisements for their project named Artham,” Wiztown’s counsel stated to TOI on Monday. Last week, Wiztown’s director, Abhay Kumar, was arrested and named in two FIRs—one for culpable homicide not amounting to murder and negligence, and the…

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What Real Estate Stakeholders Want from Budget 2026

NEW DELHI: With the Union Budget 2026 on the horizon, real estate developers and stakeholders are advocating for policy changes aimed at enhancing housing affordability, increasing liquidity, rationalizing taxes, and fostering long-term urban development. They are urging revisions in homebuyer incentives, adjustments in GST, and support for institutional capital and infrastructure initiatives to alleviate demand-side stresses and supply-side constraints. Industry leaders suggest that Budget 2026 is a key moment to realign housing policies with the realities of escalating land and construction costs, shifting buyer preferences, and the expanding role of real estate in India’s economic growth. Pradeep Aggarwal, the founder…

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Maharashtra links PMAY-Urban 2.0 to higher EWS prices

MUMBAI: The Maharashtra government has tightened the regulations under the Pradhan Mantri Awas Yojana (Urban) 2.0, requiring a minimum of 25% beneficiary registration before construction can begin or benefits can be accessed for certain affordable housing projects. This requirement applies to projects under the Affordable Housing in Partnership (AHP) and AHP-public private partnership (AHP-PPP) where the sale price of economically weaker section (EWS) homes exceeds the current annual statement of rates (ASR) by more than 20%. The updated guidelines, announced on January 23, were prompted by a review of detailed project reports (DPRs) submitted under PMAY (Urban) 2.0, which uncovered…

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AIPL Acquires Gurugram Land for ₹1,000 Crore via Tribunal

Representative image Gurugram-based real estate developer AIPL has acquired a 43-acre site for ₹1,000 crore via the Debt Recovery Tribunal (DRT), enabling six banks to exit, according to a senior executive. This purchase is part of an 80-acre parcel in Sector 103 along the Dwarka Expressway in Gurugram. AIPL plans to expand its land bank by an additional 20 acres. “We aimed to undertake a township project, but securing large land parcels in a city like Gurugram is challenging,” stated Daljeet Singh, Managing Director of AIPL. “We anticipated difficulties in resolving numerous land-related issues, yet this also presents us with…

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Andhra Pradesh extends LRS application deadline to April 23, 2026

VIJAYAWADA: On Friday, the state government announced a three-month extension for applications under the Layout Regularisation Scheme (LRS), setting the final submission deadline to April 23, 2026. The principal secretary for municipal administration and urban development (MAUD), S. Suresh Kumar, made this announcement after a meeting with urban local body commissioners and vice-chairpersons of urban development authorities. He stated that the extension was granted in response to numerous requests from the public and stakeholders. According to Kumar, 61,947 applications have been submitted in the past six months for LRS-2025, compared to 43,759 for LRS-2020. This scheme accepts applications for individual…