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

STT Global buys 3.5 acres in Navi Mumbai for ₹282 crore

Representative image Data centre operator STT Global Data Centres India has acquired a 3.48-acre industrial property in Navi Mumbai’s Mahape locality for ₹282 crore, driven by sustained demand for well-located sites to support digital infrastructure development. The company’s India division purchased this asset from Repro India, a Mumbai-based printing, publishing, and book distribution firm. The transaction was formalized on May 22, with stamp duty amounting to ₹2.56 crore. The property, situated in the MIDC-developed TTC Industrial Area at Khairane, comprises 3.48 acres of land and an existing built-up structure of 73,496 sq ft, according to documents obtained from CRE Matrix,…

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Developers to fund traffic jams they cause: Ahmedabad’s message

AHMEDABAD: Residents of Ahmedabad are all too familiar with the daily traffic scene. SG Road crawls at 7pm, Prahladnagar becomes congested on Monday afternoons, and cars obstruct sidewalks near tea stalls on Ashram Road. For years, traffic management has relied on quick fixes—cones, police officers, and complaints. Now, the Ahmedabad Municipal Corporation (AMC) is introducing a proactive approach: requiring developers to shoulder the costs of congestion before it even occurs. The new Comprehensive Traffic and Road Safety Policy is built around three main principles. First, “no large commercial development can move forward without a compulsory traffic impact assessment (TIA).” This…

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RBI Holds Repo Rate Steady at 5.25% Amid West Asia Crisis

MUMBAI: The Reserve Bank has maintained interest rates for the second consecutive time, primarily considering the effects of rising energy prices and supply chain disruptions arising from the West Asia crisis. This decision takes place amidst a protracted conflict in West Asia that has affected energy supplies, resulting in increased crude oil prices and putting fiscal and inflationary pressure on import-dependent nations like India. During the announcement of the second bi-monthly monetary policy for this fiscal year, RBI Governor Sanjay Malhotra stated that the Monetary Policy Committee (MPC) unanimously chose to keep the short-term lending rate, or repo rate, stable…

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GVMC Chief Accelerates LRS, TDR, and Building Approvals in Vizag

VISAKHAPATNAM: GVMC commissioner Ketan Garg has emphasized the need for town planning officials to prioritize the timely processing of building permissions, layout regularization scheme (LRS) applications, and transferable development rights (TDR) approvals. He warned that strict disciplinary action would be taken against those who delay official work or participate in corrupt practices. During a review of town planning efforts on Thursday with chief city planner A Prabhakara Rao and other officials, the commissioner expressed concern about delays in processing building permission applications from citizens. He noted that Town Planning officials were taking an excessive amount of time to address these…

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Village circle rates soar along Lucknow expressway corridor

LUCKNOW: The Uttar Pradesh government has revised the circle rates for agricultural and non-agricultural land in various villages of the Lucknow district, especially those near proposed expressways and rapidly developing road networks. The updated valuation list, released by the Lucknow district magistrate and effective from Thursday, is set to influence land transactions, stamp duty collections, and future real estate investments in the area. As per the official notice, circle rates have risen in many villages under the Mohanlalganj, Sarojininagar, Malihabad, Bakshi Ka Talab, and Sadar tehsils. This revision came after soliciting public feedback and suggestions before finalizing the rates. The…

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Andheri to Begin Mumbai’s First 100-Acre Slum Redevelopment

Representative Image MUMBAI: Three corporations are vying for Mumbai’s inaugural cluster Slum Rehabilitation Authority (SRA) project, covering 100 acres in Andheri (West). The Juhu Gulli SRA scheme encompasses 28,061 slum hutments, existing residential tenants, and owners, stretching from Juhu Galli (C D Barfiwala Road) to the rear of Hansraj Morarji Public School. Under this cluster initiative, slums can be integrated with dilapidated non-slum buildings, tenant-occupied structures, and vacant plots unsuitable for construction. For the first time, major corporations in real estate—Shapoorji Pallonji Real Estate, Reliance 4IR Realty Development Ltd, and JSW Realty & Infrastructure Pvt Ltd—are participating in an SRA…

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Mandatory fire safety checks for Gurugram offices, malls, hotels

GURUGRAM: On Thursday, the district administration mandated fire safety audits for all hospitals, schools, malls, offices, hotels, and other commercial buildings in the city. This directive requires the fire department to assess the safety preparedness of these establishments. This decision follows a tragic hotel fire in Delhi that resulted in 21 fatalities, including eight local residents. Officials are tasked with verifying essential firefighting equipment, inspecting emergency exits, reviewing evacuation plans, and ensuring compliance with established fire safety regulations. The directive reflects growing concerns over safety standards highlighted by the recent incident. “All institutions must adhere to prescribed fire safety standards…

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Bihar CM: Build 11 Mega Parks, Create 50,000-Acre Land Bank

Representative AI image PATNA: Chief Minister Samrat Choudhary has directed officials to design and develop 11 large industrial parks throughout Bihar, including food parks in all 38 districts, with the goal of boosting industrial expansion and increasing job opportunities. He emphasized the importance of ensuring sufficient land availability for industrial development and proposed creating a land bank of 50,000 acres to facilitate upcoming projects and meet investor needs. These instructions were given during a high-level review meeting of the industries department held at Sankalp Sabhagar in Lok Sevak Awas. Samrat stated that Bihar should become an attractive destination for investors,…

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MCG Faces Property ID Backlog; 77% Files Stuck After Reshuffle

GURUGRAM: Just two weeks post the MCG’s significant reshuffle of 134 clerks across various departments, the property tax branch is facing substantial challenges. Reports indicate that the department is grappling with a considerable backlog of property-related objections. Data obtained by TOI reveals that there are currently 3,907 pending property ID-related objections at MCG. This comes on the heels of recent clerical transfers, predominantly from the property tax division, amid allegations of corruption and collusive practices with brokers. An analysis shows that 884 applications (22.6%) are delayed at the citizen level, whereas a staggering 3,023 files (77.4%) are awaiting processing within…

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Himachal Pradesh’s Land Pooling Policy to Follow Successful State Models

Representative AI image SHIMLA: The Himachal Pradesh government is set to draft a Land Pooling Policy inspired by successful land assembly models seen in states like Punjab. This decision came during a Cabinet Sub-Committee meeting chaired by Revenue, Horticulture, and Tribal Development Minister Jagat Singh Negi on Wednesday. The Cabinet Sub-Committee aims to devise solutions to ease congestion in Shimla and major industrial areas, such as Baddi-Barotiwala-Nalagarh (BBN), while placing special emphasis on relocating wholesale markets (mandis). During the meeting, detailed discussions took place regarding the development of a new township in the BBN area and establishing a satellite town…