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

NGO Urges Tamil Nadu CM to Halt Brigade Project in Perumbakkam

CHENNAI: Arappor Iyakkam, an NGO dedicated to combating corruption, has requested the state government to revoke the approvals granted to a property developer for a residential project in Perumbakkam. They allege that the site is located within the protected Pallikaranai marshland. The NGO submitted a complaint to Chief Minister C. Joseph Vijay, stating that the developer is “attempting to resume construction in violation of the Wetland Conservation Rules 2017, as well as a Supreme Court stay order preventing any construction within the designated wetland areas.” The project, located on land with survey numbers 453, 495/2C, 496, 497, and 498 in…

IndustryLatest Stories

Prayagraj: PDA Reviews 10-Year Property Notices for Regularization

Representative AI image PRAYAGRAJ: The Prayagraj Development Authority (PDA) has initiated a significant review of notices issued over the past decade regarding properties in violation of building bylaws, approved maps, land-use norms, and other development regulations. This exercise, directed by PDA Vice-Chairman Rishi Raj, involves a thorough examination of old records to identify buildings that may now qualify for regularization under the relaxed provisions of Master Plan-2031. As part of this process, the PDA is reassessing notices issued to over 30,000 property owners. Many of these properties were previously deemed in violation of construction regulations and could not be regularized…

IndustryLatest Stories

Karapur Villagers Set June 15 Deadline for Housing Project Halt

PANAJI: Residents of Karapur-Sarvan have been protesting The House of Abhinandan Lodha’s luxury housing project for 69 days. On Friday, they took their demonstration to the state capital, demanding a stop-work order from the government by Monday. Joined by St Andre MLA Viresh Borkar, the villagers marched to the environment department office, successfully bypassing heavy police security at the directorate of panchayats, and headed straight to the town and country planning (TCP) office. There, they met with environment director and Goa Coastal Zone Management Authority (GCZMA) member secretary Sachin Dessai. The delegation urged an immediate halt to construction, claiming the…

IndustryLatest Stories

Sebi Approves Casagrand Premier Builder’s ₹1,220-Crore IPO

NEW DELHI: Casagrand Premier Builder, a prominent real estate developer, has received clearance from Sebi to raise ₹1,220 crore through an initial public offering (IPO), according to an update from the market regulator on Friday. The company submitted its draft documents to Sebi in December 2025 and received the regulator’s feedback for the IPO on June 8, 2026. In Sebi’s terminology, obtaining feedback is equated with gaining approval to launch a public offering. This Chennai-based developer’s inaugural public offering consists of a fresh issue of equity shares valued at ₹1,200 crore, alongside an offer for sale of up to ₹20…

IndustryLatest Stories

Ahmedabad Developers Consider Price Hike on Homes Under Construction

AHMEDABAD: On June 15, real estate developers in Ahmedabad will convene to discuss potential price increases for under-construction properties due to rising construction costs caused by supply disruptions linked to the West Asia conflict. The Confederation of Real Estate Developers’ Associations of India (CREDAI), Ahmedabad, has organized this meeting. Developers are expected to discuss both the likelihood of a price hike and the magnitude of any changes. Industry insiders indicate that ready-to-move-in and completed projects will likely remain unaffected, while those initiated within the last six months might see increases in the range of 5% to 7%. As the deadline…

IndustryLatest Stories

Cycle of Encroachment and Housing Can’t Last Forever: CM

File Photo MUMBAI: In defense of the ongoing slum demolition initiative in the city, Chief Minister Devendra Fadnavis stated on Friday that the cycle of encroachment and government-provided housing cannot persist indefinitely. Responding to inquiries regarding the eviction of slum dwellers without the implementation of the Centre’s flagship Housing for All initiative, Fadnavis noted that Mumbai has seen the highest number of slum dwellers receive ownership homes in the past decade, and the government will continue this effort. However, he emphasized that the court has imposed certain conditions, stating that only eligible residents are to be allocated homes, while ineligible…

IndustryLatest Stories

Noida Sports City Revival Sparks New Projects Despite Land Limits

The long-awaited revival of the Sports City projects in Noida is set to unlock nearly 20 million sq ft of real estate in the area. Following a Supreme Court ruling in March, construction can now resume after nearly three years of inactivity. At least six developers have already signed joint development agreements with the original allottees. Sports City projects were conceived in four different locations across Noida. One parcel, spanning Sectors 78, 79, and 101, was given to Three C, while another in Sector 150 was allotted to the Lotus Greens Group. Logix Infra Developers also received a plot in…

IndustryLatest Stories

DDA Alerts Architects, Engineers & Owners Against Misleading Plans

NEW DELHI: The Delhi Development Authority (DDA) has issued a warning to architects, supervisors, structural engineers, and property owners about the consequences of submitting false information during building plan approvals. This action follows several building collapses in the city. According to the Unified Building Bye-Laws (UBBL) of 2016, providing false information, misrepresenting building plans, hiding material facts, or supplying incorrect certificates can lead to serious penalties. These may include blacklisting, debarment, and other appropriate actions under relevant laws. DDA officials noted that many residential areas are managed by the authority, where plots are being auctioned and apartments constructed. Owners must…

IndustryLatest Stories

Nagpur’s Plot Rates Set to Change in Two Years: Maharashtra

NAGPUR: The Maharashtra government is planning to implement CTS-card-level micro-zoning of Ready Reckoner (RR) rates, designed to benefit landowners by eliminating the practice of assigning the same value to a slum tenement and a luxury high-rise within the same area. Revenue Minister Chandrashekhar Bawankule announced this in Nagpur on Thursday. A three-phase, property-by-property survey has commenced, starting in Mumbai, with a timeline for implementation in Nagpur set for the next two years. Bawankule noted that the survey is being conducted by the Maharashtra Remote Sensing Application Centre (MRSAC). He cited a notable city hotel as an example of the existing…

IndustryLatest Stories

Prime Securities Group unveils ₹1,000 crore real estate AIF

Representative AI image NEW DELHI: Prime Litmus Investment Management, a subsidiary of Prime Securities, has unveiled the Prime Litmus Real Estate Opportunities Fund. This Category II Alternative Investment Fund aims to provide structured credit investments for under-construction real estate projects. The fund targets a corpus of ₹750 crore, with a green shoe option for an additional ₹250 crore, bringing the total potential corpus to ₹1,000 crore. Prime Litmus Investment Management is a collaboration between Prime Research and Advisory, a wing of Prime Securities, and Litmus Global Services LLP. The fund will focus on self-liquidating real estate ventures that offer cash-flow…