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

VDA to Launch Three Mega Townships in Varanasi After 32 Years

VARANASI: The Varanasi Development Authority (VDA) is launching three integrated townships as part of its first major initiative since the Lalpur Awas Yojana in 1994. This plan includes a Sports City near the under-construction international cricket stadium at Ganjari, with an investment of ₹400 crore from the state government, and close oversight from Chief Minister Yogi Adityanath, aimed at enhancing urban development in the city. According to VDA vice-chairman Purna Bora, the two upcoming projects — the 250-acre Anand Kashi Township at Kallipur and the 165-acre Rudra Vihar Township at Madhni — are on the brink of launch, while the…

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RWA Pushes for Fire Safety Audits in Noida Hotels and Highrises

NOIDA: Following the recent fire incidents in Noida and Delhi, the Federation of Noida Residents Welfare Associations (FONRWA) has reached out to the GB Nagar police commissioner, urging immediate measures to enhance fire safety standards in the city. The federation is requesting a thorough inspection of hotels, guest houses, and paying guest accommodations, along with the verification of Fire No Objection Certificates (NOCs) in high-rise residential and commercial buildings. They are also demanding action against illegal constructions, the improper use of basements, and breaches of approved building plans. “The recent fire tragedies in Delhi and Noida should act as a…

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Arnya Realestates Fund Invests ₹1,000 Crore in 11 Projects

MUMBAI: Arnya Realestates Fund Advisors, a real estate investment manager, has allocated over Rs 1,000 crore to various residential projects across India via its inaugural debt fund and direct investments. This move reflects the growing trend of alternative investment funds increasing their presence in the housing sector. The investments comprise 11 transactions that span five key locations including Mumbai, Pune, Bengaluru, Chennai, and Hyderabad. Key developers involved in these projects include Casagrand, MAIA Estates, Gami Group, and Vaishnavi. Many of these projects are at advanced approval stages, while some have already started sales in critical residential markets like Bengaluru. The…

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MCD Dismantles 94 Properties, Seals 114 After Deadly Hotel Fire

Representative Image NEW DELHI: Since June 1, the MCD has taken action by demolishing 94 properties and sealing 114 others as part of its initiative to combat unauthorized constructions, according to officials on Saturday. This initiative was sparked by a tragic fire incident in Malviya Nagar that resulted in 21 fatalities. The Municipal Corporation of Delhi (MCD) reported that it has demolished 12 properties and sealed 79 others, with enforcement teams operating across various zones under the support of Delhi Police. “The corporation has ramped up coordinated demolition and sealing actions against properties violating building bylaws throughout all of Delhi,”…

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Punjab CM Announces Free Registration for 10 Lakh Workers

CHANDIGARH: On Saturday, Punjab Chief Minister Bhagwant Mann announced a new initiative to enroll and revalidate 10 lakh construction workers for free. He instructed officials to directly engage laborers in welfare schemes through special camps. During a review meeting of the Punjab Building and Other Construction Workers’ (BOCW) Welfare Board, he emphasized his government’s commitment to ensuring that all construction workers receive social security benefits, welfare support, and opportunities for skill development. Mann expressed regret that welfare schemes for laborers have not reached their full potential due to long processing times, despite available funds. “Currently, only 2.21 lakh workers are…

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Lucknow: Land Sale Ban in LDA Housing Projects on Sultanpur Road

LUCKNOW: The state government has banned the sale, purchase, and registration of land within the specified zones of the Lucknow Development Authority’s (LDA) planned IT City and Wellness City projects along Sultanpur Road. This ban took effect on Saturday. The order states that any transfer or registration of land within the project boundaries will be deemed invalid. This measure aims to curb speculative land transactions and ensure that the benefits of the land pooling initiative are directed only to current landowners. The decision is anticipated to limit land trading in the project areas and deter investors from acquiring land solely…

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Uttar Pradesh Allocates ₹350 Crore for Fire Tenders in 11 Cities

LUCKNOW: The Uttar Pradesh housing department has allocated ₹350 crore for the purchase of advanced fire tenders with hydraulic platforms to enhance firefighting capabilities in high-rise buildings. This move addresses concerns from residents of multi-storey housing societies regarding fire response for upper floors. These funds will be distributed through housing development authorities and provided to the fire department for acquiring modern tenders in 11 rapidly developing cities: Ghaziabad, Lucknow, Agra, Meerut, Kanpur, Gorakhpur, Prayagraj, Varanasi, Bareilly, Moradabad, and Ayodhya. Officials indicate that the aim is to bolster equipment suitable for taller residential developments as urbanization increases across the state. Ghaziabad,…

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Delhi to Use DMA Act to Empower DMs Against Illegal Constructions

NEW DELHI: Chief Minister Rekha Gupta announced on Friday that the Delhi government will hold officials accountable for corruption, invoking the Disaster Management Act of 2005. This comes in the wake of a tragic fire that claimed 21 lives at a hotel in South Delhi, which was constructed with blatant disregard for safety regulations. The decision was made during a meeting Gupta held with various departments. “Officials who exhibit negligence or engage in corrupt practices will now face penalties under the Disaster Management Act, 2005. This includes potential imprisonment of up to two years and significant fines,” the chief minister…

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Truhome Finance, Veegaland Get Sebi Approval for IPO

NEW DELHI: Five companies, including Oyo’s parent company Prism, Warburg Pincus-backed Truhome Finance, and Veegaland Developers, have received approval from Sebi to launch their initial public offerings (IPOs), as reported by the capital market regulator on Friday. The other firms that gained approval from the Securities and Exchange Board of India (Sebi) are Advanta Enterprises, which focuses on agricultural solutions, and Mehta Hitech Industries. According to the update, Sebi provided its observations on the draft IPO documents from June 1 to June 5. These observations are crucial for companies to move forward with their public issues. The preliminary IPO papers…

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Registration Fees Rise in Hyderabad’s Key Growth Areas

HYDERABAD: The western corridor of the city, known for rapid real estate growth over the past decade, is facing a significant increase in property registration fees. From Friday, the Telangana state government’s updated land rates have been implemented, affecting both agricultural and non-agricultural land. The steepest increases were observed in the western areas, with surrounding neighborhoods seeing hikes of 25% to 75%. Several core city areas experienced less severe adjustments, with residential zones limited to a 25% rise. The most notable change occurred in Raidurg Panmaktha, where the price for one acre recently soared to Rs 237 crore. The registration…