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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Centre announces ₹33,500 crore Delhi infrastructure boost

NEW DELHI: Prime Minister Narendra Modi inaugurated and laid the foundation for development projects worth approximately ₹33,500 crore in Delhi on Saturday. These projects include metro expansion, government housing redevelopment, and urban infrastructure improvements. Key initiatives involve residential and office infrastructure projects under the redevelopment of seven General Pool Residential Accommodation (GPRA) colonies, as part of a modernisation programme for government housing in the national capital. As part of this initiative, over 2,700 newly constructed government flats and office infrastructures were inaugurated, with the foundation stone laid for more than 6,600 additional GPRA flats and commercial office towers under the…

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Mysuru body to raise ₹1,000 crore via online plot auctions

Representative AI image MYSURU: The Mysuru Development Authority (MDA) plans to raise ₹1,000 crores through the auction of its vacant plots, which include various corner sites across different layouts. This online auction aims to generate funds for developmental projects and to deter encroachment by land sharks while ensuring better land asset utilization. Approximately 150 acres of land in numerous layouts like Vijayanagar (I to IV stages), Lalithadri Nagar, Vijayshreepura, Dattagalli, JP Nagar, Devanuru, Rajiv Nagar, and Hebbal are available for the urban body. After developing around 700 layouts, which were transferred to urban local bodies such as Hootagally CMC and…

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Karnataka Launches AI Kaveri 3.0 and GIS Land System in Budget 2026

NEW DELHI: Karnataka Chief Minister Siddaramaiah revealed new initiatives on Friday aimed at digitizing land records, streamlining property registration, and enhancing housing and infrastructure in the 2026-27 state Budget. The state plans to unify various land and property data through the Karnataka Land-Stack system, a GIS-based platform merging information from Bhoomi, Mojini, Kaveri, e-Swathu, and e-Asthi. This integrated database aims to deliver a consolidated digital record of land transactions, enhancing transparency in land management. The government will also introduce Kaveri 3.0, a new version of its property registration software, with an investment of ₹65 crore. This updated platform will facilitate…

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Hutment Sale Scam Resurfaces for HDIL

MUMBAI: The Economic Offences Wing (EOW) of the Mumbai Police has uncovered an alleged housing scam involving Rs 150 crore. Home possession documents intended for approximately 1,000 residents of slum rehabilitation were reportedly sold to third-party buyers. The company at the heart of this alleged scheme is Housing Development and Infrastructure Ltd (HDIL) Group. The EOW investigation suggests that top executives of HDIL might be involved, although the firm’s lawyers have refuted this claim to Mirror. The EOW filed its chargesheet on Thursday, naming HDIL promoters the Wadhwans and their associates while also awaiting the Slum Rehabilitation Authority’s (SRA) feedback…

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Uttar Pradesh: Water Bodies Required for 10-Acre Projects

Representative AI image LUCKNOW: The housing department has mandated that construction firms and individuals undertaking residential, commercial, mixed-use, or other real estate projects of 10 acres or more must allocate 1% of the land for a waterbody. This initiative aims to enhance groundwater recharge, as the water from the reservoir will be recycled for non-potable purposes like cleaning, green maintenance, and dust suppression. While existing provisions for rainwater conservation in group housing projects are present, incorporating a waterbody in the layout will facilitate water diversion and recycling for diverse daily needs. Senior officials from the department emphasized their goal of…

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ETRECA 2026 Celebrates Leaders in Residential, Commercial, and PropTech

Sure! Here’s a rewritten version of the content in a more structured format: Sr. No. Master Category Sub-Category Company Name Project Name Metro/Non-Metro Status Zone 1 Individual Lifetime Achievement Person of the Year Brigade Group M R Jaishankar, Executive Chairman, Brigade Group National 0 0 2 Residential Affordable Housing (East: Ongoing) Eden Realty Group Solaris Joka Metro Ongoing East 3 Residential Affordable Housing (West: Ongoing) Naiknavare Dwarka Metro Ongoing West 4 Jury Recognition Residential Affordable Housing (South: Ongoing) CasaGrand Casagrand Massimo Metro Ongoing South 5.1 Residential Affordable Housing (Non-Metro) Ashiyana Dream Homes Pvt Ltd Ashiyana Infinity Non-Metro Completed West 117…

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Maharashtra Budget: Urban Growth and 1,200 km Metro Plan

MUMBAI: In the Maharashtra State Budget for 2026-27, Chief Minister Devendra Fadnavis announced a significant shift in urban governance, predicting that by 2047, 70% of the state’s population will reside in urban areas while contributing nearly 80% to Maharashtra’s GDP. The plan includes an expansion of the Metro network to 1,200 km and the expressway network to over 6,000 km. Major projects in Mumbai feature Metro Line 11 (Wadala to Gateway of India), envisioned as a fully underground corridor with an estimated cost of Rs 23,487 crore. The government is also developing a “Third Mumbai,” a 200 sq km urban…

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Karnataka CM Advocates ‘Balanced’ Development in 2026 Budget

BENGALURU: In a historic 17th budget presented in the Assembly on Friday, Karnataka Chief Minister Siddaramaiah proposed a social media ban for children under 16. The budget also includes plans for school modernization, completion of water projects such as the Mekedatu reservoir, which has faced opposition from Tamil Nadu, and a major infrastructure initiative for Bengaluru. With a total budget outlay of Rs 4,48,004 crore, he emphasized a development strategy that harmonizes welfare programs with infrastructure investments for long-term economic change, giving rise to a unique Karnataka-specific economic framework dubbed the “11G model.” Key announcements in the budget encompass filling…

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Non-Tribals Prohibited from Buying Land in Garo Hills, Meghalaya

SHILLONG: Utilizing its powers under the Sixth Schedule, the Garo Hills Autonomous District Council has issued a notification preventing non-tribal individuals from purchasing or claiming land in the Garo Hills districts of Meghalaya, officials announced on Friday. However, the existing land ownership of non-tribal individuals will remain unchanged. The council’s directive aims to protect the land and traditional rights of indigenous tribal communities and to prevent the alienation of these lands to non-tribal persons. The Sixth Schedule is unique to the autonomous tribal regions of Assam, Meghalaya, Tripura, and Mizoram, ensuring their administrative autonomy. According to the notification released on…

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Amitabh Bachchan Buys 2.67 Acres in Ayodhya for ₹35 Crore

NEW DELHI: Amitabh Bachchan has purchased a 2.67-acre land parcel in Ayodhya for ₹35 crore from The House of Abhinandan Lodha (HoABL). The deal was finalized by Rajesh Yadav, managing director of AB Corp. This marks Bachchan’s third investment in Ayodhya through the company. In January 2024, he acquired land in The Sarayu project and previously bought a 10,000 sq ft plot in the Sol de Alibaug project. Published On Mar 6, 2026 at 04:00 PM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Stay updated…