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

Karnataka Housing Board Plans 593-Acre Project Near Foxconn

Representative image BENGALURU: The Karnataka Housing Board (KHB) has announced plans to acquire 593 acres of land near Devanahalli for a significant project, targeting regions experiencing rapid growth from substantial industrial investments, including the Foxconn manufacturing site. The proposal encompasses land in Vishwanathapura, Beerasandra, Shyanappanahalli, and Vajarahalli villages in Kundana hobli, Devanahalli taluk, Bengaluru Rural district. Officials indicated that the initiative aims to meet increasing residential demand spurred by swift urbanization and industrial expansion in the area. This notification, issued last week under the Land Acquisition Act, allows a 60-day period for landowners and interested parties to submit objections and…

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Signature Global Q3 FY26 Sales Bookings Down 27% to ₹2,020 Cr

NEW DELHI: Realty firm Signature Global reported a 27% drop in sales bookings to ₹2,020 crore for the quarter ending in December, despite high festive demand for housing properties. The Gurugram-based company sold properties worth ₹2,770 crore during the same period last year. According to a regulatory filing, Signature Global sold 408 units in the October-December period of this fiscal year, down from 1,518 units in the year-ago quarter. Sales bookings, measured in area, fell to 1.44 million sq ft from 2.49 million sq ft. Real estate developers typically see increased sales during the October-December period due to festive demand.…

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Prestige Group JV Acquires 16.38 Acres in Chennai for ₹561 Crore

Representative AI image NEW DELHI: Prestige Estates Projects Ltd, through its joint venture, has finalized the acquisition of a 16.38-acre plot in Padi, Chennai, for Rs 561 crore to develop a real estate project. The land is being sold by Sundaram-Clayton Ltd. Canopy Living LLP, a collaboration between Prestige Estates Projects Ltd and Arihant Foundations & Housing Ltd, has entered into an agreement for this land parcel, according to a regulatory filing dated January 8. This purchase aligns with Prestige Group’s strategy to enhance its presence in premium urban areas. Sundaram-Clayton Ltd also communicated to the exchanges that on January…

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Jaipur Realty Firm Alleges Illegal Land Partition to Lokayukta

JAIPUR: A real estate firm from the city has approached the Lokayukta, the state-level anti-corruption ombudsman, due to the lack of action from authorities regarding alleged illegal land partition and unauthorized constructions in the Sanganer area. Rajdarbar Pink City Developers Pvt Ltd has lodged a complaint requesting an investigation into the supposed involvement of revenue officials in a controversial partition of prime agricultural land from 2021. Additionally, it seeks accountability for the failure of local authorities to address illegal constructions, officials reported. The company, represented by its authorized signatory Surendra Singh, claimed in its January 7 complaint that the Sanganer…

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Delhi: Signature View Apartments Demolition Delayed for Proof

NEW DELHI: The Delhi Development Authority’s initiative to demolish and reconstruct Signature View Apartments has been temporarily halted despite approvals from the Supreme Court and Delhi High Court. The Central Bureau of Investigation (CBI) is investigating allegations of irregularities and corruption concerning the construction of these towers and has requested the Authority to suspend the demolition until it gathers necessary evidence from the site. Facing tight deadlines while simultaneously paying rent to former tenants, the Authority informed the High Court on Friday about the CBI’s directive and requested judicial intervention. Senior advocate Sanjay Jain, representing the land-owning organization, noted that…

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Over 99% E-Khata Applications Approved: Bengaluru Authority Data

BENGALURU: The Greater Bengaluru Authority’s e-Khata initiative has demonstrated exceptional administrative performance, with over 99% of applications processed across the city, as per corporation-wise data from January 7. In total, five city corporations received 9.1 lakh applications, with approximately 9 lakh already approved. The West city corporation recorded the highest volume of applications at 2.7 lakh, followed closely by the South with 2 lakh. Officials noted that the higher backlog in these areas was directly related to the volume of applications received. Delays predominantly stemmed from mutation processing, which constituted more than 90% of pending cases citywide. The West region…

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Keystone Realtors’ Q3 FY26 Sales Drop 3% to ₹837 Crore

NEW DELHI: Keystone Realtors Ltd, a real estate firm, reported a 3% drop in sales bookings to ₹837 crore in Q3 of this fiscal year, having launched only one housing project. This compares to ₹863 crore during the same period last year. The Mumbai-based company operates under the Rustomjee brand. In the first nine months of this fiscal year, the firm saw a 23% increase in sales bookings, reaching ₹2,676 crore, up from ₹2,174 crore in the previous year, as stated in a regulatory filing. Boman Irani, CMD of Keystone Realtors Ltd, emphasized that the company maintains strong operational momentum.…

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Sumadhura Group invests ₹1,000 crore in 6 Bengaluru projects

NEW DELHI: Sumadhura Group has invested ₹1,000 crore to develop six residential projects across East and North Bengaluru by FY26. Madhusudhan G, the company’s Chairman and Managing Director, stated: “Bengaluru’s residential market remains strong due to rising demand in key growth areas and an increasing preference for luxury living.” The residential developments encompass Folium by Sumadhura- Phase 4 in Whitefield, Sumadhura Edition at Panathur, Sumadhura Solace on Marathahalli Main Road, Thubarahalli, Solea by Sumadhura in Rachenahalli, and Sumadhura Panorama Phase 2 at Devanahalli in North Bengaluru. These projects have a combined revenue potential of ₹10,000 crore and over eight million…

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Chandigarh to Revamp Building Bylaws for Industrial Growth

CHANDIGARH: The Chandigarh administration is embarking on a significant overhaul of building bylaws aimed at revitalizing the city’s economic landscape, with a special focus on the industrial sector. A high-level committee, appointed by the UT administrator and led by the deputy commissioner-cum-estate officer, has been charged with updating outdated building bylaws that have impeded industrial growth in the city. A key proposed reform includes an increase in the permissible floor area ratio (FAR) for industrial plots, allowing for zoning parameters for plots up to 2 kanal, as well as potential amendments to ground coverage and land use norms. This committee,…

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Nashik to Receive Incentive FSI for Redevelopment: Maha Deputy CM

NASHIK: Deputy Chief Minister Eknath Shinde announced on Thursday that Nashik will soon enjoy incentive Floor Space Index (FSI) benefits similar to those of Thane and Pune to promote the redevelopment of aging buildings. This pledge was made during an interactive meeting hosted by State Industries Minister Uday Samant with industry and trade associations in Nashik. Members of the Confederation of Real Estate Developers Association of India (Credai) expressed their concerns regarding obstacles in redevelopment initiatives. In response, Samant promptly contacted Shinde and briefed him on the issues. Shinde committed to formulating a policy that would implement additional FSI for…