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

Delhi to Launch Smart Cards and Cess Portal for Builders

Representative AI image NEW DELHI: The Delhi government is set to improve the registration process for construction workers and enhance the delivery of welfare schemes through a chip-enabled smart card, officials announced on Thursday. Additionally, a dedicated portal will be established to boost cess collection from builders and construction firms. This fund will support various welfare initiatives for construction workers. The Delhi Building and Other Construction Workers’ Welfare Board (DBOCWWB) is in the process of selecting an agency to design, implement, and manage an integrated digital platform, officials stated. This platform will include a cess management portal alongside a network…

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Birla Estates Achieves ₹8,136 Crore in FY26 Bookings

NEW DELHI: Birla Estates, a wholly-owned unit of Aditya Birla Real Estate, has reported a booking value of ₹8,136 crore for FY2025-26, marking a 23.5% increase in collections year-over-year. The National Capital Region (NCR) was the top contributor to the company’s sales, with Bengaluru following as the second-largest market. The Mumbai Metropolitan Region (MMR) also experienced growth, with new projects launched in Thane and a new redevelopment initiative in Khar West. In Pune, new launches fueled growth, benefiting from consistent demand in residential projects. During FY26, the company introduced eight projects across four regions. Published On Apr 23, 2026 at…

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Bengaluru: City Corporations Can Buy Properties for Tax Recovery

BENGALURU: As property tax defaulters continue to disregard multiple notices and auction alerts, the Greater Bengaluru Authority (GBA) is considering a new strategy. Officials are looking into the option of municipal corporations buying these properties at their guidance value to recoup overdue taxes. In the past, legal actions such as issuing demand notices, seizing properties, and conducting public auctions have been implemented to recover debts. However, despite these efforts, few property owners opted to comply, and auctions often attracted no bidders, resulting in unmet revenue expectations. Consequently, authorities are now contemplating the direct acquisition of properties as a last resort.…

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India’s Q1 2026 Real Estate Inflows Reach $5.1 Billion

NEW DELHI: According to a report by CBRE, capital inflows into India’s real estate sector reached an all-time high of $5.1 billion in the January-March quarter of 2026, a 72% increase from $2.9 billion during the same period last year. Sequentially, investments rose by approximately 53% from the $3.3 billion recorded in the October-December quarter of 2025, showcasing ongoing institutional interest despite global economic uncertainties. During this quarter, domestic investors were predominant, representing nearly 96% of total inflows. Developers led the way in capital deployment with a 42% share, followed closely by real estate investment trusts (REITs) at around 40%.…

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Devendra Fadnavis to Lead Maharashtra Business Summit 2026

MUMBAI: The inaugural Maharashtra Business Summit & Awards 2026, hosted by ETGovernment–The Economic Times, is set to take place on April 23–24 at the iconic Taj Lands End. This event promises to be one of the year’s most significant economic gatherings. Chief Minister Shri Devendra Fadnavis will be the Chief Guest, joined by various ministers, senior officials, global investors, industry leaders, and diplomats. This convergence of policy, capital, and global influence is rare and highly anticipated. Positioned as a pivotal platform at this vital juncture in Maharashtra’s economic landscape, the summit will gather influential decision-makers and business leaders to outline…

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Gurugram to Auction Properties Over Unpaid GRAP Fines

GURUGRAM: The Municipal Corporation of Gurugram (MCG) has launched a rigorous recovery initiative aimed at individuals and entities with outstanding challans issued during the Graded Response Action Plan (GRAP). They have warned that unpaid dues may lead to property sealing and auction proceedings. MCG Commissioner Pradeep Dahiya urged officials on Monday to hasten recovery efforts, emphasizing that the enforcement teams responsible for issuing challans will be held accountable for the collection of payments. He warned that any negligence in recovery would not be accepted, stating that there are currently 176 pending challans totaling Rs 41.2 lakh. This initiative coincides with…

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Kalamassery Drafts Changes to City Structural Plan

KOCHI: To align urban planning with contemporary development needs, the Kalamassery municipality has released a draft notification proposing alterations to its structural plan established in 1991. The amendment, issued by the state government on March 15, 2026, aims to provide immediate relief for residents and developers in municipalities and panchayats surrounding the Kochi corporation while awaiting the full implementation of the comprehensive 2040 Amrut Master Plan. Though the Kochi corporation is already implementing the 2040 master plan regulations, nearby local bodies have remained constrained by the outdated 1991 framework. “Many older proposals have become impractical due to changes in traffic…

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ReaRCo Acquires KV Developers via Insolvency Process

NEW DELHI: ReaRCo Private Limited, a real estate asset resolution firm, has acquired KV Developers through the insolvency resolution process. This development offers renewed hope to nearly 400 homebuyers in Greater Noida who invested in the project back in 2013. The company has also secured ₹195 crore from the government-backed SWAMIH Fund to complete the project. “We are currently constructing 646 units across five towers, with the aim of enabling possession for existing homebuyers by the end of the year. The project has been significantly upgraded to enhance comfort and amenities for the residents,” stated Geetanjali Khanna, founder and managing…

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AP Government Provides 50% VLT Relief to Stimulate Construction

VIJAYAWADA: In a notable policy shift aimed at alleviating the financial burden on property owners while boosting construction activity, the state government has decided to implement a 50% discount on vacant land tax during the construction process. This change was made in accordance with recent amendments to the existing legislation approved by the state assembly. According to the updated provisions, property owners engaged in construction will now only need to pay half of the vacant land tax during the construction period, effective from the start of construction until the occupancy certificate is issued. Officials believe this move will encourage timely…

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Telangana’s TDR Policy Causes Price Surge, Builders Object

HYDERABAD: A recent policy aimed at compensating landowners and fostering urban growth has sparked fresh controversy in Telangana’s real estate sector. Following the state government’s announcement last month mandating the use of transferable development rights (TDR) for certain high-rise buildings and allowing their use for setback relaxations, TDR prices have surged significantly across Greater Hyderabad. Builders, developers, and everyday property owners are now voicing concerns over what they view as an artificial price spike and potential market manipulation. TDR serves as a certificate awarded to landowners who relinquish property for public use, such as road expansion or infrastructure projects. Instead…