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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CMDA Gains Authority to Approve Chennai High-Rises

CHENNAI: The process for obtaining planning permissions for high-rise buildings (HRBs) is set to become faster. The state government has delegated the authority to approve HRB projects in the Chennai Metropolitan Area (CMA) to the Chennai Metropolitan Development Authority (CMDA). This decision was made known through a Government Order (GO) by the housing and urban development department on June 15. Following a request from the CMDA, which indicated that routing proposals through the government after technical review had caused delays, the government has concurred and decided to enable the planning authority to grant approvals directly. This order amends provisions of…

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India’s REIT, InvIT AUM could hit ₹20 lakh crore by 2030

NEW DELHI: India’s Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT) markets are projected to draw an additional ₹11.6 lakh crore in investments over the next five years. This would result in total assets under management exceeding ₹20 lakh crore by 2030, according to an Avendus Capital report. The report notes that the market currently includes 32 listed trusts with assets under management of approximately ₹10 lakh crore and a total market capitalisation of around ₹5 lakh crore. Domestic institutional investors are anticipated to be a key source of funding for this asset class. The report suggests that…

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Ahmedabad Homes to Rise 5-10% from July 1 Amid Cost Surge

AHMEDABAD: From July 1, homebuyers in Ahmedabad may face a price increase of 5-10% for under-construction properties. This decision comes in response to a rise in construction costs caused by supply disruptions linked to the West Asia conflict. This decision was made during a meeting of approximately 400 developers organized by Credai Ahmedabad on Monday. The gathering aimed to evaluate the effects of rising raw material prices as the June price stabilization commitment by Credai approaches its end. Rajesh Vaswani, chairman of Credai Ahmedabad, noted that construction material prices have surged dramatically since the onset of the conflict. “Some raw…

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Mumbai Sees 70 Redevelopment Deals in Q1 2026: Report

NEW DELHI: In the first quarter of 2026, Mumbai saw nearly 70 developer agreements for society redevelopment, making up over 30% of the total agreements for 2025, according to a report by Knight Frank India. The report noted a shift towards larger, cluster-led redevelopment projects, driven by policy modifications, land aggregation, and enhanced project feasibility. Mumbai’s redevelopment initiatives could potentially unlock around 59,000 homes valued at approximately ₹1.5 lakh crore by 2031. Additionally, these projects are projected to generate about ₹9,115 crore in stamp duty revenue throughout their lifespan, the report stated. Since 2020, developer agreements in Mumbai have surpassed…

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Shriram Properties to Co-Develop 9.1 Acres in Bengaluru

Representative AI image NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement (JDA) for a 9.1-acre land parcel in Doddagubbi, North-East Bengaluru. The site offers a development potential of about 6.7 lakh sq ft, with an estimated gross development value (GDV) exceeding ₹600 crore. The project is slated for launch within this financial year. Akshay Murali, Vice President – Business Development at the company, stated, “North-East Bengaluru is rapidly becoming one of the most promising residential growth areas in the city, bolstered by significant infrastructure enhancements, improved connectivity, and consistent end-user demand.” Published On Jun 15, 2026…

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Gujarat Leads SVAMITVA Drive, Issues Over Half of Property Cards

Representative AI image GANDHINAGAR: The Gujarat government announced on Sunday that the state has become a leader in implementing Phase II of the Pradhan Mantri-SVAMITVA scheme, having issued more than half of the total property cards created across India. The government stated that drone mapping has been successfully completed in over 11,500 villages. According to an official statement, during the second phase of the scheme, which commenced in 2021-22, a total of 32,35,260 property cards were prepared nationwide. Out of these, Gujarat issued 18,50,614 property cards, the highest among all states. The government noted that this scheme addresses a persistent…

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Embassy Group Slams REIT Petition; Bombay HC Gives Sebi 6 Weeks

MUMBAI: Embassy Group, a leading real estate company, has characterized a recent writ petition questioning the “fit and proper” status of certain entities and promoters linked to Embassy Office Parks REIT as a “recycled claim.” This allegation is reportedly part of a persistent campaign orchestrated by Sterling & Wilson. The Bombay High Court has allowed the Securities and Exchange Board of India (SEBI) six weeks to review the representations made by the petitioner. In a statement following the hearing, Embassy Group claimed the petition filed by Chayan Upadhyay is part of a “continuing, orchestrated campaign” targeting the group and its…

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Odisha to Introduce New Act for Urban Rental Housing Update

BHUBANESWAR: The state government is gearing up to introduce new legislation to regulate tenancy, including mandatory written agreements, security deposit caps, and the establishment of rent authorities and courts for expedited dispute resolution. The proposed Odisha Urban Area Rent Control Act, 2026, released by the housing and urban development department on Saturday, is set to replace the aging Orissa House Rent Control Act of 1967 and its amendments, marking a significant transformation in urban rental housing governance within the state. Notably, the draft does not stipulate how much rent landlords can charge; that is left to agreements between tenants and…

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Panchkula to Discuss Property Tax Waiver in General House Meeting

PANCHKULA: The Panchkula Municipal Corporation is set to conduct its first General House meeting on June 16 at the PWD Rest House. The agenda includes discussions on transforming Ward No. 4 into a model cleanliness ward and introducing a one-time interest waiver on outstanding property tax dues. Mayor Shyam Lal Bansal will chair the meeting, which will also include MP Varun Kumar, MLAs Chander Mohan and Shakti Rani Sharma, along with officials from various departments. Councillor Bharat Hiteshi submitted a proposal for a property tax amnesty that aims to eliminate around ₹20 crore in accrued interest from a total outstanding…

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UP Limits E-Registration to Select Categories After Deed Writer Strike

NOIDA: Following a recent strike by deed writers in Greater Noida who claimed that the state’s e-registration initiative threatened their jobs, the registration department has released an order clarifying that the online system will apply only to specific property transactions. On June 12, the state inspector general of registration clarified that e-registration was not introduced for all property documents, countering the widespread belief post the June 4 rollout announcement. The clarification arrives amidst protests from deed writers and document scribes, who fear that a fully digital registration process may render their services obsolete and result in job losses. Previously, the…