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

M3M, Smartworld, ELIE SAAB Partner on ₹3,500-Crore Housing in NCR

NEW DELHI: M3M India and Smartworld Developers have partnered with ELIE SAAB, a prominent fashion and lifestyle brand, to create two ultra-luxury residential projects in the Delhi-NCR region, totaling an investment of approximately ₹3,500 crore. The projects represent ELIE SAAB’s inaugural entry into the Indian real estate market. M3M India will oversee a luxury housing project in Gurugram, while Smartworld Developers will lead a separate residential development in Noida. In Gurugram, M3M India intends to build around 300 apartments in sector 111, within the Smart City Delhi Airport (SCDA) zone. The project will feature spacious four-bedroom residences with unit sizes…

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BOOTES Expands into Residential Development

NEW DELHI: BOOTES, an engineering firm, has introduced its real estate division, boasting a portfolio valued at over ₹6,300 crore. The company will kick off its real estate initiatives with projects in Noida, Alwar, and Vrindavan, totaling more than six million sq ft of initial saleable area. In Noida, BOOTES is constructing high-rise residential complexes in Greater Noida West and sector 76, featuring 4BHK residences and duplex penthouses. In Alwar, they have launched a residential project offering 2BHK and 3BHK residences. Future expansion plans include cities such as Mumbai, Lucknow, Ayodhya, Dehradun, Kurukshetra, Jhansi, Chitrakoot, and Prayagraj. Published On Jan…

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Godrej Properties’ 2025 Booking Value at ₹34,171 Crore

NEW DELHI: Godrej Properties (GPL) announced a booking value of ₹34,171 crore for 2025, reflecting a 19% increase compared to the previous year. Cash collections also saw a significant rise of 28%, totaling ₹18,979 crore. From 2022 to 2025, the booking value experienced a compound annual growth rate (CAGR) of approximately 44%, while collections grew at a CAGR of 35%. The company sold 16,428 housing units during the year, encompassing a saleable area of 27.26 million sq ft. This achievement was bolstered by the launch of 41 projects across various cities, with booking values surpassing ₹7,000 crore in each quarter.…

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Maharashtra Tightens SRA Norms to Secure Rehab Dues on Flats

The Slum Rehabilitation Authority (SRA), the Maharashtra government’s key agency for slum redevelopment, has tightened regulations on free-sale inventory in slum rehabilitation projects. It now requires the preemptive freezing of designated sale flats to ensure transit rent payments and the fulfillment of permanent alternate accommodation (PAP) obligations for eligible slum inhabitants. In a comprehensive office order issued in accordance with previous directives and the Bombay High Court’s rulings, the SRA stated that sale flats will be ring-fenced at the Intimation of Approval (IOA) stage, as well as during the issuance of amended IOAs, Letters of Intent (LOIs), or revised LOIs.…

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Mohali Body Launches E-Auction for 42 Sites Worth ₹5,460 Crore

MOHALI: Punjab’s housing and urban development minister, Hardeep Singh Mundian, has announced a significant step in urban development with the Greater Mohali Area Development Authority (GMADA) set to auction 42 premium sites valued at Rs 5,460 crore through an online platform. The inaugural mega e-auction will take place from January 14 to February 11, 2026. The minister highlighted that this auction aligns with the Bhagwant Singh Mann government’s goal of stabilizing property prices, ensuring transparency, and fostering investor-friendly policies to attract homebuyers, entrepreneurs, and institutional stakeholders. The sites available include residential plots, shop-cum-offices (SCOs), mixed-use areas, collective housing plots, as…

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Puravankara’s Q3 FY26 Pre-Sales Reach ₹1,414 Crore

Here’s a revised version of your content: NEW DELHI: Puravankara reported pre-sales of ₹1,414 crore in Q3 FY26, reflecting a 17% year-on-year increase, while collections rose by 22% to ₹1,140 crore. In the nine months ending December 2025, the company expanded its development portfolio with projects amounting to an estimated gross development value (GDV) of approximately ₹13,900 crore across Bengaluru and Mumbai. The growth included land acquisitions, joint venture agreements, and redevelopment projects, contributing a total potential developable area of 12.76 million sq ft during this period. During Q3 FY26, Puravankara delivered 1.23 million sq ft, equating to 1,116 homes,…

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Ajmera Realty Sees ₹1,431 Crore Sales in First 9 Months FY26

NEW DELHI: Ajmera Realty & Infra India (ARIIL) witnessed a remarkable 72% year-on-year increase in sales during the first nine months of FY26, reaching a sales value of ₹1,431 crore. The company is optimistic about surpassing its annual sales target of ₹1,600 crore. Dhaval Ajmera, the director of corporate affairs, stated, “We’ve experienced strong growth, achieving double the sales and collections compared to the previous quarter. This robust performance has reinforced our overall growth trajectory, resulting in nearly 70% growth across both metrics for the nine-month period. With ₹1,431 crore in sales already secured, we’ve exceeded our target and are…

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Tulip Infratech Records ₹450 Crore Turnover and ₹80–90 Crore Profit

NEW DELHI: Tulip Infratech, based in Gurugram, has reported a turnover of approximately ₹450 crore for FY25, with profits ranging from ₹80–90 crore, yielding margins of 15–20%, as disclosed by Parveen Jain, chairman & managing director of the company. The firm anticipates that its revenue in the current fiscal year will remain largely stable, with potential fluctuations of ±10%. It aims to maintain margins between 10–20%, supported by controlled leverage, strategic pricing, and consistent progress on ongoing construction projects. The company adopts a conservative operational model, limiting itself to a maximum of four simultaneous projects at a time. In 2025,…

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Ghaziabad Body Lowers Interest Rates on Properties

GHAZIABAD: The Ghaziabad Development Authority (GDA) has reduced the interest rate on its properties from 10.7% to 8.7%, aligning it with the State Bank of India’s current rate as mandated by the state government. The rates will be subject to change in tandem with SBI’s adjustments. If SBI alters its interest rates, the GDA will likewise make necessary changes. This rate had been unchanged at 10.7% for the past seven years (since 2018). “Discussions regarding the interest rates charged by development authorities across the state were held, where it was emphasized that rates should be aligned with SBI. Why impose…

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Builders seek EDC relief, urge Haryana for affordable housing boost

NEW DELHI: Real estate developers in Haryana have put forth a comprehensive set of policy recommendations to the state government, aiming for immediate regulatory, fiscal, and infrastructure reforms to revive stalled projects, reduce compliance burdens, enhance housing affordability, and accelerate urban development. Developers are requesting an extension of relief measures under the one-time settlement scheme for outstanding license renewal fees and the ‘Samadhan Se Vikas’ policy for EDC recovery. They are also advocating for the removal of the condition that halts project approvals at a group level when EDC dues exceed ₹20 crore. The industry argues that this blanket application…