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

Puravankara to Co-Develop 11.23-Acre Site in North Bengaluru

NEW DELHI: Puravankara has entered into a joint development agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross development value (GDV) of ₹1,100 crore. The forthcoming residential apartment project will encompass approximately 0.74 million sq ft. Ashish Puravankara, Managing Director of Puravankara, stated, “FY26 marked a significant milestone for us, with record annual sales reaching ₹7,407 crore, representing a 55% year-on-year growth. As we strive towards our FY27 sales target of ₹11,200 crore, our focus will be on enhancing our presence in markets characterized by strong infrastructure, job accessibility, and sustained demand.” In FY26,…

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Chandigarh to Permit Industrial Plot Split for Four Kanal Units

Representative Image CHANDIGARH: The UT administration has proposed that fragmentation will only be allowed for industrial plots measuring 4 kanal and larger, as detailed in a draft released on Friday for public feedback. The administration aims to introduce a comprehensive framework for fragmentation under the proposed amendments to the Chandigarh Master Plan (CMP)-2031, which focuses on promoting sustainable and regulated development. A thorough guide will be provided to ensure the process is not misused. According to the proposal, plots with a width of less than 60 feet will not be eligible for fragmentation. For plots measuring 4 kanal and above,…

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Chennai to Issue Building Permits in 27 Days

CHENNAI: To combat bribery and reduce bureaucratic delays, the Greater Chennai Corporation (GCC) has mandated that the town planning department issue planning permissions and building permits within a maximum of 27 days. Officials are prohibited from summoning applicants, architects, or engineers during the application review. According to GCC commissioner Dr. G S Sameeran, this initiative aims to ensure timely service delivery, minimize delays, and enhance transparency for the public. The GCC has the authority, delegated by the Chennai Metropolitan Development Authority, to approve building permits for residential buildings up to two stories and commercial buildings up to three stories, as…

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Pay Property Tax by May 31 to Get Rebate: Chandigarh Civic Body

CHANDIGARH: The municipal corporation made a final appeal on Saturday to all residential and commercial property owners to pay their property tax by May 31 — the deadline for availing rebates during the current assessment period. Property owners are entitled to a 20% rebate on residential property tax and a 10% rebate on commercial property tax if paid by the deadline. Municipal Commissioner Amit Kumar encouraged taxpayers to either use the online payment system or visit Sampark centres to settle their dues and benefit from the rebates. He emphasized that timely payments not only save money but also facilitate the…

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MHADA Spots 82 Unsafe Buildings in Mumbai Island

NEW DELHI: The Mumbai Building Repairs and Reconstruction Board of the Maharashtra Housing and Area Development Authority (MHADA) has identified 82 highly hazardous cessed buildings on Mumbai city island through its annual pre-monsoon inspection. This year, 43 of these buildings were previously marked as dangerous last year. In total, 2,736 individuals reside in these structures, comprising 2,256 residential and 480 non-residential occupants. Notably, the board has issued eviction notices to 176 residential occupants, commanding them to vacate. Out of these, 29 tenants have been relocated to MHADA transit camps, while 36 have secured alternate housing. The eviction process for the…

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Ghaziabad Builders Urged to Give Noon Breaks to Workers

GHAZIABAD: The local authorities have issued a guideline urging builders to refrain from employing laborers on construction sites from 12 PM to 4 PM due to the ongoing heatwave conditions. The labor department has initiated an awareness campaign at construction areas and labor congregation points throughout the district. This effort aims to educate workers on heatwave precautions and provide them with ORS solutions and cold beverages like shikanji. “As part of our initiative, we have conducted camps at major construction sites in Siddharth Vihar and Wave City, reaching out to at least 20,000 workers. Officials distributed towels, ORS packets, and…

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CREDAI Visakhapatnam Calls for Easier Registration for Housing Projects

Representative AI image VISAKHAPATNAM: CREDAI Visakhapatnam has requested the stamps and registration department to implement a project ID-based framework under CARD 2.0 to enhance the registration process for gated communities and large residential projects. The association submitted a representation to the deputy inspector general of the stamps and registration department, praising the CARD 2.0 initiative for reinforcing digital governance, transparency, and improved public service delivery. However, they noted that the current check slip generation before registration consumes considerable time, particularly for large residential projects, often exceeding 90 minutes. CREDAI pointed out that the repetitive entry of information for each unit,…

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Telangana: Raidurg Land Rakes in ₹5,000 Crore in 8 Months

HYDERABAD: In just eight months, a two-square-kilometre area in Raidurg—Hyderabad’s Knowledge City—has generated over Rs 5,000 crore for Telangana, emerging as the state’s prime real estate destination. The Telangana Industrial Infrastructure Corporation (TGIIC) has propelled this significant revenue surge through multiple high-value land auctions, further solidifying Raidurg’s position as a crucial income generator for the state government. Officials call the 439-acre region a “gold mine,” attracting IT firms, corporate giants, and notable institutions such as T-Hub and T-Works, all benefiting from the area’s premium location. Its proximity to the international airport and strong connectivity have enhanced its attractiveness. The Congress…

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PPCB Highlights Compliance Issues, Urges Builders to Follow EC Norms

CHANDIGARH: The Punjab Pollution Control Board (PPCB) recently conducted an interactive session with the Builders Welfare Association in Zirakpur, aimed at enhancing awareness about environmental compliance and the importance of adhering to Environmental Clearance (EC) conditions during construction. The session, led by the PPCB’s Mohali regional office, was overseen by superintending environmental engineer Gursharan Dass Garg and executive engineer Kanwaldeep Kaur. They emphasized the need to simplify regulations and improve compliance in housing and construction projects. Garg highlighted the importance of strict compliance with EC conditions throughout both construction and operational phases. Builders were encouraged to visibly display environmental guidelines…

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Shriram Properties aims ₹3,750-4,000 crore pre-sales by FY27; Pune set to surpass Chennai

NEW DELHI: Shriram Properties aims for pre-sales between ₹3,750 and ₹4,000 crore in FY27. This strategy includes new launches across Bengaluru, Chennai, Pune, and Kolkata, as the developer seeks to solidify its hold in current markets before expanding further. For FY26, the internal pre-sales target was set at ₹2,750 crore, and the company anticipates support for growth from delayed launches from the previous year. The company is intensifying its focus in Pune, adding around three million sq ft of new projects since its initial launch in the city. Murali Malayappan, Chairman & Managing Director, along with Gopalakrishnan J, Executive Director…