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

Bengaluru Real Estate Stable Amid Global Tensions

BENGALURU: Despite ongoing global tensions, Bengaluru’s real estate market remains stable. Although investor sentiment has been affected, particularly among overseas buyers, there hasn’t been a notable decline in demand. Experts attribute this resilience to local factors, such as job growth, infrastructure improvements, and consistent homebuyer interest. “The demand from Middle Eastern investors has dropped by nearly 50% since unrest escalated, but we expect it to stabilize and potentially rise again. Even with a boost in property sales in the UAE, Indian properties are not facing distress sales. Given that returns on Dubai properties may stagnate, the robust growth in India…

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Vedaanta Senior Living to invest ₹200 crore in Kerala soon

Representative AI image NEW DELHI: Vedaanta Senior Living has announced plans to invest approximately ₹200 crore in Kerala over the next three years. As a part of this initiative, the company has introduced a senior living project named Eden Gardens in Ettumanoor, near Kottayam, with an initial investment of ₹50 crore. The project, spanning four acres, will feature 48 villas and around 30 apartments, with prices commencing at ₹76 lakh. This development signifies the company’s expansion in Kerala, where it already operates in Guruvayur and Kochi, with another project anticipated in Thrissur. The completion timeline for the project has not…

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Adani Enterprises Launches Three New Hotel & Airport Units

NEW DELHI: Adani Enterprises Ltd (AEL) announced that its subsidiary has established three new wholly-owned units focusing on hotel and real estate development, part of its airport city expansion strategy. Adani Airport City Ltd, a wholly-owned step-down subsidiary, has formed Adani Navi Mumbai Airport City Ltd, Adani Guwahati Airport City Ltd, and Adani Ahmedabad Airport City Ltd. The newly formed entities will engage in real estate operations, including construction and hospitality services such as integrated restaurants, banquet facilities, and business centers, according to a regulatory filing. The subsidiaries “will be involved in real estate activities with owned or leased properties,…

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Uttar Pradesh’s Draft Code Ties FAR to Road Width

NOIDA: The Uttar Pradesh government has released a draft unified building code aimed at significantly altering project developments in Noida, Greater Noida, Yamuna, and other industrial development areas. The new regulations propose to consolidate separate rules for each development authority into a singular comprehensive framework. They also aim to increase floor area ratio (FAR) limits across various categories, link higher FAR to the width of adjacent roads, reduce setback requirements, and eliminate height restrictions except where safety or heritage guidelines apply. The draft of the Unified Building Regulations for Industrial Development Authorities is now available for public comment on the…

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Maharashtra Launches 60 Private Property Registration Centers in July

Representative AI image PUNE: Property buyers and sellers in Maharashtra are set to benefit from quicker registrations and enhanced services as the state registration department gears up to introduce 60 privately operated registration centers starting this July. Inspired by the “passport seva kendra” model, these centers aim to simplify the registration process, albeit at an added cost to citizens. They will work alongside the state’s existing 517 government-operated registration offices. The initiative was first revealed last year by the revenue department and will be carried out in three phases. The initial phase will introduce five centers in high-traffic districts like…

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AP government accelerates LRS clearances before April 23 deadline

Representative AI image VIJAYAWADA: As the deadline for the Layout Regularisation Scheme (LRS) approaches next week, the state government is increasing efforts to boost revenue by accelerating the processing of outstanding applications in urban local bodies. Municipal Administration and Urban Development Minister P. Narayana conducted a review with town planning officials and municipal commissioners via teleconference, urging them to immediately process all eligible applications. He emphasized that undue delays not only inconvenience applicants but also hamper the state’s revenue collection efforts. The minister stated that town planning officials and commissioners would be held accountable for any lapses in application processing.…

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900+ Acres of Mhada Layouts to Be Redeveloped in Mumbai

Certainly! Here’s a rewritten version of the given content, keeping the core information intact: Representative Image MUMBAI: In the coming years, a dozen Mhada layouts, covering 923 acres throughout the city, will be redeveloped, facilitating the rehabilitation of 75,445 residents currently living there, according to Sanjeev Jaiswal, vice-president and CEO of Mhada. The rehabilitation process is expected to take place over 5-10 years following the start of construction. During a media briefing on Friday, Jaiswal shared that some of the redevelopment projects have already been awarded, while tenders are being invited for others. Specifically, redevelopment proposals for the 250-acre Charkop…

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Mumbai: Four Bidder Contest for BMC’s ₹1,348 Crore Plot

Representative AI image MUMBAI: After the Supreme Court’s clearance over a year ago, the BMC is nearing the appointment of a developer for a prime six-acre plot in Lower Parel. Initially receiving a lukewarm response, four major bidders—Shapoorji Pallonji, K Raheja Corp, Peddar Realty (JSW Group), and Keystone Realtors (Rustomjee)—have now submitted their offers. “The plot will be leased on an ‘as-is’ basis, with the developer tasked with rehabilitating current occupants as part of the development,” stated an official. Once the proposal secures administrative approval, it will be forwarded to the civic improvements committee, which oversees civic property matters. The…

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NOC Required for Work Near Pune Metro Tunnel (20m Radius)

Representative AI image PUNE: Maha Metro has mandated that builders and property owners secure a No Objection Certificate (NOC) before commencing any construction within 20 meters of a Metro viaduct or tunnel. This regulation aims to guarantee that surrounding development does not jeopardize the structural integrity of the transit system. Failure to obtain this clearance prior to initiating construction will result in severe repercussions, including potential legal actions and financial liability. A Maha Metro official informed TOI that the requirement for an NOC before construction activities is already stipulated under the Metro Railways (Construction of Works) Act and the Unified…

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Real Estate Strained by Material Shortages and Labor Crunch in Ahmedabad

AHMEDABAD: The city’s real estate sector is facing significant challenges, including shortages of essential construction materials, rising input costs, and a lack of labor, all of which are disrupting project timelines and planning, according to developers following a meeting on Friday. Builders gathered under the Confederation of Real Estate Developers’ Associations of India (CREDAI), Ahmedabad, to evaluate the deteriorating situation and its implications for both ongoing and upcoming projects. They highlighted severe shortages of critical materials such as aluminum pipes, CPVC products, ceramics, and electrical fittings that have greatly hindered construction activities. Developers noted that the situation is exacerbated by…