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

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is already implementing the 2040 master plan regulations, nearby local bodies have remained constrained by the outdated 1991 framework.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…

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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…