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

Builders request Gujarat RERA to extend project deadlines by 6 months

AHMEDABAD: The real estate developers’ association, Credai Ahmedabad, has requested the Gujarat Real Estate Regulatory Authority (GujRERA) for a six-month extension on ongoing housing projects under the force majeure provision of the RERA Act. The appeal comes in light of increased construction costs, supply chain disruptions, and labor shortages. In its communication to the regulator, the association highlighted that the ongoing conflict in West Asia has severely impacted the availability of crude-related construction materials, which is hindering project execution and straining financial planning in the sector. Developers are struggling to meet completion deadlines for current projects, with new launches and…

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Govt Updates Building Code, Keeps Fire Safety Provisions Advisory

NEW DELHI: The government has officially replaced the National Building Code (NBC) with the National Building Construction Standards (NBCS) as of Thursday. This shift comes after directives from the Deregulation Cell under the Cabinet Secretariat. The new standards aim to provide guidelines rather than enforceable rules. According to sources, a primary reason for this change was that the previous code, while voluntary, implied legal obligations due to its terminology, leading to numerous court cases. Although the Deregulation Cell had initially suggested excluding the “fire and life safety” section from the standards, it was included in NBCS following significant pressure from…

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Mindspace REIT’s Net Operating Income Rises 29.2% in FY26

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has posted a net operating income (NOI) increase of 29.2% for the financial year 2025-26. The executive committee of K Raheja Corp Investment Managers, which manages Mindspace REIT, has approved fundraising through the issuance of non-convertible debt securities and/or commercial papers. The total amount will not exceed ₹15,700 crore (net of repayments), including any outstanding debts, and will be issued in one or more tranches. It is further stipulated that the aggregate consolidated borrowings and deferred payments of Mindspace REIT and its HoldCo/Asset SPVs, after accounting for cash and cash equivalents, must…

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Neo Alternative Asset Managers invests ₹300 crore in Hyderabad project

NEW DELHI: Neo Alternative Asset Managers (NAAM) has allocated ₹300 crore in structured debt financing for a residential project in Hyderabad’s Narsingi. The investment has been directed to VRise Developers for the ‘Atlantis at Narsingi’ project, which features eight high-rise towers, each with 45 floors, offering over 2,100 residential units in various configurations. The funds will primarily support construction and overall project execution. In a separate update, the company announced the first close of its Neo Infra Income Opportunities Fund II, successfully raising ₹1,500 crore towards a target of ₹5,000 crore. This fund aims to invest in operational, revenue-generating infrastructure…

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Omaxe to Invest ₹250 Cr in Lucknow Project; Brigade Buys Land in Hyderabad

NEW DELHI: Omaxe Garv Buildtech, a fully-owned subsidiary of Omaxe Group, plans to invest around ₹250 crore to develop a residential project named Omaxe Cassia along Raebareli Road in Lucknow. The project will feature eight towers with 2BHK and 3BHK apartments, projected to be completed in the next three years. In a separate regulatory announcement, Brigade Enterprises reported the acquisition of a 5.72-acre land parcel in Osman Nagar, Hyderabad, via an auction held by the Telangana Industrial Infrastructure Corporation (TGIIC). The land was purchased at a rate of ₹44 crore per acre, excluding registration fees, with plans to develop a…

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Haryana to Restart Stilt-plus-Four, Gurugram Ban Only

CHANDIGARH: The Haryana government is set to allow “stilt-plus-four” floor constructions across most of the state, following a court clarification indicating that a recent ban only pertains to Gurugram. This development has revived optimism among property developers and homeowners, as the Punjab and Haryana High Court has narrowed its previous stay. On April 27, a bench led by Chief Justice Sheel Nagu and Justice Sanjiv Berry clarified that the interim stay issued on April 2 was linked specifically to infrastructure and encroachment concerns in Gurugram, leaving other districts eligible for the high-density residential policy. Senior officials from the Town and…

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Delhi Development Body Lists 142 Major Plots for Sale

Sure, here’s a revised version of your content: Representative Image NEW DELHI: In an effort to increase revenue from its land disposal segment, the Delhi Development Authority (DDA) is offering over 140 sites and plots for various uses, including residential, industrial, institutional, and commercial purposes, as well as kiosks and food courts like a cafe at Baansera. These properties are available through an e-auction aimed at monetizing vacant land and enhancing annual earnings. The 22 mega e-auction scheme opened registrations on April 22 for plots located in prime areas. The submission of earnest money deposits (EMD) for these plots will…

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High-Rises Coming to Mumbai’s Nine-Meter Roads

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) is set to lift restrictions on building heights, even in areas with narrow access roads. The Improvements Committee has approved a significant amendment to the Development Control and Promotion Regulations (DCPR 2034), paving the way for skyscrapers in previously cramped zones. Previously, tall buildings were only allowed on roads at least 9 meters wide to ensure accessibility for emergency services. This limit will now be relaxed. With the new policy, plots on roads narrower than 9 meters can now also qualify for high-rise development. The amendments suggest varying height limits based on road width.…

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Revamp of Indiramma Housing Scheme: Telangana Minister

HYDERABAD: Housing and Revenue Minister Ponguleti Srinivas Reddy announced significant changes to the state’s flagship Indiramma housing scheme on Monday. The restructuring allows district collectors to have more authority in expediting housing approvals. He mentioned that special officers will be appointed for each undivided district to enhance cooperation between officials and elected representatives, aiming to eliminate ground-level obstacles. “Individuals who haven’t applied previously can now do so, and eligible candidates will receive housing approvals. District collectors are instructed to conduct weekly reviews with district housing officials,” he stated during a review meeting attended by ministers G Vivek and Jupally Krishna…

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Nagpur’s Eco-Friendly Property Scheme Adoption Below 1%

NAGPUR: Despite a consistent increase in participation, a significant concern arises — out of Nagpur’s nearly 8.38 lakh properties, only 4,488 have embraced eco-friendly practices under the Nagpur Municipal Corporation’s (NMC) ecological rebate program, resulting in adoption rates below 1% across all zones. This disparity underscores ongoing issues such as low awareness, high initial costs, and limited enforcement, hindering broader participation even with tax incentives. The ecological rebate initiative — which encompasses rainwater harvesting, rooftop solar installations, vermicomposting/organic waste management, and wastewater recycling — has begun to gain traction. Data from the property tax department reveals that 3,513 properties benefited…