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.

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Delhi Home Minister: Seal Buildings Without Fire Safety NOC

NEW DELHI: In the wake of the Malviya Nagar fire that resulted in the loss of 21 lives, including 11 foreign nationals, Delhi Home Minister Ashish Sood announced on Wednesday that buildings lacking necessary fire safety measures and permits will be sealed. “We have decided to seal all structures that do not possess the required NOCs,” Sood stated after an emergency meeting led by Delhi LG Taranjit Singh Sandhu to assess the city’s fire safety protocols. The government will initiate a fire safety awareness campaign targeting residential buildings that do not require NOCs from the Delhi Fire Services, the minister…

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Kotak Alts closes 14th real estate fund near $1 billion

Representative AI image NEW DELHI: Kotak Alternate Asset Managers (Kotak Alts), the alternative assets division of Kotak Group, has successfully closed its fourteenth real estate fund at nearly $1 billion. The fund has received an anchor commitment from a subsidiary of the Abu Dhabi Investment Authority (ADIA) and funding from the National Pension Service of the Republic of Korea (NPS Korea). ADIA has committed over $675 million to this fund, marking the sixth consecutive investment by an ADIA subsidiary in Kotak Alts’ real estate platform. This is NPS Korea’s initial investment in Indian alternative assets, as per the company. Kotak…

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Rajasthan Lifts Height Restrictions, Embraces Skyscrapers

JAIPUR: In a bid to enhance urban development, Rajasthan’s cities may soon feature skyscrapers on par with those in Mumbai, Bengaluru, and Delhi. Following a central government regulation announced in January 2026, the state government has relaxed previous restrictions on building heights. A senior official from the Urban Development and Housing (UDH) department told TOI that this decision will propel vertical growth beyond residential buildings, facilitating the development of commercial towers, educational institutions, and healthcare facilities under a single roof. “Previously, the height of buildings in Rajasthan was capped at 70 meters, a limit set in 2020 based on the…

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Uttar Pradesh Acquires 100 Hectares in Ghaziabad for Industry

Representative Image GHAZIABAD: The district administration has acquired about 100 hectares of land in Modinagar’s Niwari for the establishment of an industrial hub, to be developed by the Uttar Pradesh State Industrial Development Authority (UPSIDA). On Monday, officials confirmed that the land acquisition process has concluded, with farmers receiving compensation at four times the prevailing circle rate. This acquisition is a crucial advancement in the state government’s efforts to enhance industrial infrastructure, attract new investments, and create employment opportunities in the rapidly evolving NCR region. Additional District Magistrate (Land Acquisition) Avaneesh Kumar informed the TOI that approximately 91 hectares were…

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Welspun One to Lease 10M+ Sq Ft in Next 3 Years

MUMBAI: Welspun One, a platform focusing on warehousing and industrial real estate, is betting big on the domestic supply chain boom. The company has announced plans to lease over 10 million sq ft over the next three years, which is nearly double its current operational footprint. Included in these deals is a single-box facility covering 5.9 lakh sq ft for Amazon India, along with a 20-metre-high warehouse for AAJ Supply Chain. Additionally, part of the 10-million sq ft leasing is a controlled-environment facility exceeding 2 lakh sq ft, specifically built for a leading medical equipment manufacturer—highlighting the sector’s evolution beyond…

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Jhansi Greenfield Industrial City Receives Environmental Clearance

NEW DELHI: The Ministry of Environment, Forest and Climate Change has approved the environmental clearance for the greenfield industrial city project initiated by the Bundelkhand Industrial Development Authority (BIDA) in Jhansi, Uttar Pradesh. The project, part of the BIDA Master Plan for 2045, will span 253.33 sq km (62,599.20 acres) across 33 villages in the Jhansi tehsil, with an estimated investment of ₹1,51,571 crore. The project is anticipated to create jobs for over 5.6 lakh individuals, as stated by the authority. The ministry’s Expert Appraisal Committee evaluated the project framework on June 30, 2025, leading to initial approval on July…

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Adani Properties Wins MHADA’s Worli, Bandra Redevelopment Bids

NEW DELHI: Adani Properties has secured the top bid for cluster redevelopment projects at Adarsh Nagar in Worli and Bandra Reclamation, as confirmed by the Maharashtra Housing and Area Development Authority (MHADA). For the Sardar Vallabhbhai Patel (S.V.P.) Nagar project located in Andheri West, the highest bid has come from a consortium including Hanura Realty, Chandak Realtors, Premsagar Infra Realty, and Vantier Realty. Notably, Hanura Realty is a subsidiary of JSW Steel. The financial bids were unveiled for appointing construction and development agencies for these three cluster redevelopment projects overseen by MHADA’s Mumbai Housing and Area Development Board. The committee…

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West Bengal CM: Don’t Rush to Demolish Illegal Buildings

KOLKATA: Chief Minister Suvendu Adhikari has urged the Kolkata Municipal Corporation’s buildings department to avoid rushing into demolitions without prior notification, allowing those affected adequate time to defend their cases. During an interactive session with various municipal officials on Saturday evening, Adhikari underscored the need for careful consideration when addressing illegal constructions in the city. The Chief Minister advised KMC’s senior buildings officials to approach the demolition of structures inhabited by economically disadvantaged individuals cautiously, particularly where residents have purchased flats or built homes that do not significantly breach KMC regulations. Adhikari expressed his concerns in a meeting after the…

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Hyderabad: Second Raidurg land parcel sold for ₹204 crore/acre

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) achieved a remarkable Rs 204 crore per acre for a 5.09-acre plot at Raidurg during Monday’s e-auction. Reports indicate that Vamsiram builders acquired the prestigious plot for a total of Rs 1,040 crore. Last week, another plot measuring 6.29 acres was sold in the same area for Rs 237 crore per acre. Collectively, the two parcels totaling 11.38 acres have generated an impressive revenue of Rs 2,529 crore for the government. During Monday’s auction, the government secured a significant 46.8% premium over the reserved price of Rs 139 crore.…

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Suraj Estate Subsidiary Buys Mumbai Land Rights for ₹75 Crore

Representative image NEW DELHI: Suraj Estate Developers, via its wholly owned subsidiary Iconic Property Developers, has signed a memorandum of understanding (MOU) for the acquisition of development rights to 2,941 sq meters of land in Mahim (West), Mumbai, for a total cost of ₹75 crore. This land, when combined with the existing commercial property — Suraj One Business Bay — is expected to yield an additional saleable area of approximately 1.50 lakh sq ft, with an estimated gross development value (GDV) of ₹800 crore. Rahul Thomas, the whole-time director of the company, stated, “With this acquisition, the total GDV of…