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

Bhubaneswar Body Issues SOP for Land Reconstitution

Representative AI image BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has unveiled a draft Standard Operating Procedure (SOP) for the reconstitution of land parcels under town planning schemes 42 to 45 in Zone IV. BDA officials explained that this initiative aims to create a transparent framework for the fair distribution of reconstituted plots, prioritizing maximum benefits for landowners. “A key element of the draft SOP is the provision for voluntary amalgamation of plots within the same mouza (a designated area under a tehsil). Landowners who combine their holdings will receive 60% of the total land area after a standard 40% deduction.…

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Maharashtra Cabinet Likely to Approve Vertical Property Cards in June

Representative AI image PUNE: A revised proposal for “vertical property cards” aimed at flat owners has been reintroduced to the state government and is anticipated for cabinet review in June, as stated by officials from the settlement commissioner’s office. The proposal, which has lingered for almost four years, has recently been sent to the law and judiciary department with several incorporated modifications. A senior official mentioned, “It should go before the cabinet once the department approves it.” If sanctioned, Maharashtra will be among the select states in India to adopt such a system. The initial rollout will target projects registered…

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Mumbai Housing Societies Can Expand Leisure Facilities Free of FSI

Representative AI image MUMBAI: Housing societies can now expand their yogalaya, fitness centre, recreation area, or meditation centre within their premises without floor space index (FSI) limitations. The state urban development department has issued a notification that raises the permissible area for such amenities from 2% to 4% of the total built-up area of the project. Each yogalaya or fitness centre must be at least 323 square feet, and a covered swimming pool is also allowed within this 4% limit. Any utility area exceeding 4% will count towards the FSI, according to the notification. The state urban development department has…

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MHADA Approves Consortium for 33-Acre Abhyudaya Nagar Project

The Maharashtra Housing and Area Development Authority (MHADA) has granted a letter of acceptance (LoA) to a consortium made up of M.G.N. Agro Properties, N.N.P. Buildcon, and Honest Shelters for the large-scale redevelopment of the Abhyudaya Nagar colony. This area spans 33 acres in Kalachowki, South Mumbai, and signifies a significant advancement in the city’s public housing renewal efforts. As part of the redevelopment initiative, residents currently residing in 210 sq ft tenements will receive new flats of 641 sq ft carpet area at no cost. This project will follow a Construction and Development (C&D) model managed by an appointed…

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Brigade to Launch FY27 Projects, Focus on Mid-Segment Housing

NEW DELHI: Brigade Enterprises plans to move forward with its scheduled residential launches in FY27 and intends to continue land acquisitions despite evaluating the effects of global uncertainty, the slowdown in the technology sector, and delays in approvals, according to Pavitra Shankar, managing director of Brigade Enterprises. The company recorded real estate pre-sales of ₹7,424 crore in FY26, amounting to sales of 6.13 million sq ft. It aims to achieve approximately 9-10 million sq ft in residential sales for FY27 to sustain its long-term growth trajectory, with Shankar noting that customer sentiment and timely approvals are crucial factors. Edited excerpts…

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Labour Shortage and Costs Halt Mumbai Real Estate Projects

MUMBAI: The real estate sector in Mumbai is facing serious challenges, with slowing construction, rising costs, and slipping delivery timelines. An ongoing labor shortage and the increasing cost of materials, fueled by geopolitical tensions, have caused an execution crisis in the industry. The sector has traditionally relied on skilled workers from states like West Bengal, Odisha, Uttar Pradesh, and Bihar. However, recent shifts in regional dynamics and economic opportunities have caused thousands of these laborers to return home. According to developers, this is not a fleeting issue; it appears to be a significant structural shortage. Vishal Ratanghayra, founder and CEO…

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Crude Price Surge Delays Redevelopment Projects in Gujarat

AHMEDABAD: The ongoing conflict in West Asia is beginning to impact Gujarat’s real estate market, leading to a slowdown in redevelopment projects due to increasing construction costs and labor shortages. Industry sources report that many redevelopment negotiations have been stalled as developers reevaluate financial feasibility in light of rising costs. The surge in raw material prices resulting from the conflict has made previous offers untenable, exacerbated by labor shortages that are affecting project timelines. According to Ankur Desai, secretary of CREDAI Ahmedabad, the West Asia war has disrupted the supply of crude-related construction materials, complicating project execution and financial planning.…

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Land registration rates to surge in western Hyderabad

HYDERABAD: The Telangana government is targeting an additional revenue of approximately Rs 4,000 crore by revising land values for property registration, with plans to implement these changes by the end of May. The Registration and Stamps (R&S) department is preparing to increase land values by 20% to 100% across the state. According to sources within the R&S department, revenue from non-agricultural property registrations was Rs 15,200 crore in 2025-26, with an updated goal of Rs 19,000 crore anticipated to be met after land value revisions. Buyers will owe 6% in urban areas and 7.5% in rural regions for registration and…

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Jaipur: Rajdarbar Complains of Court Order Violation, Illegal Digging

JAIPUR: A private real estate firm has filed a complaint for the alleged violation of a court’s stay order and unauthorized soil excavation on its property in Chimanpura village, as reported by the police on Wednesday. Rajdarbar Developments Private Limited claimed in a complaint submitted last week that despite a stay order from the SDO (South) court in an ongoing dispute, certain individuals unlawfully entered its land and operated heavy machinery for excavation. The firm stated that the incident occurred last week when a local resident, identified as Ramlal Leel, along with accomplices, trespassed onto the property, utilizing JCBs and…

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Brigade Enterprises’ Net Profit Up 6.51% to ₹724.76 Crore FY26

NEW DELHI: Brigade Enterprises has announced a 6.51% rise in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹724.76 crore compared to ₹680.47 crore recorded in FY25, according to a BSE filing. The company’s net consolidated total income for FY26 was ₹5,909.01 crore, reflecting an 11.21% growth from ₹5,313.54 crore in FY25. In Q4 FY26, the net consolidated total income dipped by 0.60%, standing at ₹1,523.11 crore compared to ₹1,532.29 crore in the same quarter last year. Profit after tax fell by 23.52% to ₹190.70 crore in Q4 FY26, down from ₹249.35 crore in…