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

Hyderabad: Thorrur Plot Auctions for ₹45,000 per Sq Yard

Representative image HYDERABAD: The recent auction of open plots in Thorrur and Bahadurpally garnered significant interest, with bids reaching Rs 45,500 per square yard in Thorrur and Rs 40,500 in Bahadurpally. The Rajiv Swagruha Corporation held an auction for 85 open plots across various locations on Monday. Of these, 66 were auctioned in Thorrur, 11 in Kurmalguda, and eight in Bahadurpally, attracting around 150 bidders. VP Gautam, managing director of the corporation, noted that the auctions were well-received. Given Thorrur’s proximity to the Outer Ring Road and the Adibatla IT corridor, some bids reached as high as Rs 45,000 per…

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Puravankara Reports ₹56.75 Crore Net Profit for FY26

NEW DELHI: Puravankara has reported a net consolidated profit after tax of ₹56.75 crore for the financial year 2025-26, a significant turnaround from the loss of ₹182.92 crore reported in FY25, according to a filing with the BSE. The company’s net consolidated total income reached ₹3,846.42 crore in FY26, marking an impressive growth of 83.76% compared to ₹2,093.13 crore in FY25. In Q4 FY26, the net consolidated total income surged by 173.37%, amounting to ₹1,540.99 crore, compared to ₹563.70 crore in the same quarter of the previous year. The profit after tax for Q4 FY26 was ₹109.95 crore, recovering from…

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Gujarat to Boost Services Sector with New GCC Policy

NEW DELHI: Union Home Minister Amit Shah emphasized the need for Gujarat to enhance its services sector and develop infrastructure that supports high-skilled jobs in emerging industries. Shah stated that while Gujarat boasts a robust foundation in manufacturing, engineering, pharmaceuticals, ports, logistics, green energy, industrial infrastructure, and investments, it’s crucial for the state to boost its competitive edge against cities like Bengaluru, Hyderabad, Pune, and Gurugram in the services sector. He highlighted the importance of technology parks and the related infrastructure for Ahmedabad as it aims to attract businesses in sunrise sectors. According to Shah, sectors such as artificial intelligence,…

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Commercial Plot in Noida Priced at ₹758 Crore

Representative Image NOIDA: As the city’s land market heats up ahead of the anticipated launch of the airport in June, the Noida Authority is preparing to offer 35 plots in various categories, including industrial, institutional, commercial, and hotel use, with reserve prices ranging from ₹65 lakh to ₹758 crore. Officials noted that the high-end pricing mirrors increased investor interest sparked by the Noida International Airport, which is set to commence operations on June 15. The plot scheme will be available starting May 19, with earnest money deposits due by June 9 and the final submission deadline on June 11. “The…

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Bengaluru Housing Crisis Hits Breaking Point

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has instructed the Bengaluru Development Authority (BDA) to facilitate the establishment of an Association of Allottees for the Gunjuru Housing Project Phases 1 and 2. This involves transferring common areas and essential title documents to the Association, as per legal requirements. During proceedings concerning a petition by Narayan Shetty, an allottee, K-RERA emphasized that Phases 1 and 2 of the project are subject to regulation under Section 3 of the Act. The order mandates that the promoter/developer register the project within two weeks and submit an application for an occupancy certificate within…

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Rohit Gupta named MD at Mantra Group; Sandeep Ghosh is Trilegal CEO

NEW DELHI: Mantra Group has appointed Rohit Gupta as managing director, while Saransh Dey has been designated as chief executive officer (CEO) for the Mumbai Region. In his new position, Gupta will steer the company’s strategic direction and enhance its market operations. Dey will focus on the company’s business and operations within the city, prioritizing execution and customer engagement. In another announcement, Trilegal, a law firm, has appointed Sandeep Ghosh as its CEO. The firm will continue to operate under its partnership structure, with the management committee and board overseeing the strategic direction and governance. As CEO, Ghosh aims to…

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Arihant Superstructures’ FY26 Profit Falls 15.79% to ₹46.04 Cr

NEW DELHI: Arihant Superstructures has reported a 15.79% decline in its net consolidated profit for the financial year 2025-26. The profit after tax for FY26 was ₹46.04 crore, compared to ₹54.67 crore in FY25, as noted in a BSE filing. The company’s net consolidated total income for FY26 was ₹556.01 crore, reflecting a growth of 10.35% from ₹503.87 crore in FY25. In Q4 FY26, net consolidated total income rose by 17.38% to ₹181.99 crore, up from ₹155.05 crore in the same quarter last year. Profit after tax increased by 5.77% to ₹11.91 crore, compared to ₹11.26 crore in the corresponding…

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Omaxe’s FY26 Net Loss Increases to ₹696.80 Crore

NEW DELHI: Omaxe has reported a net consolidated loss after tax amounting to ₹696.80 crore for the financial year 2025-26, compared to a loss of ₹685.40 crore in FY25, as noted in a BSE filing. The company’s total net consolidated income for FY26 was ₹1,339.74 crore, reflecting an 18.16% decline from ₹1,636.97 crore in FY25. In Q4 FY26, net consolidated total income saw a significant dip of 31.95%, coming to ₹376.31 crore, down from ₹553.03 crore in the same quarter last year. For Q4 FY26, Omaxe recorded a loss after tax of ₹191.42 crore, compared to a loss of ₹148.67…

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Nisus Finance invests ₹90 crore in Realnet’s Hinjewadi project

NEW DELHI: Nisus Finance Services Co has invested ₹90 crore through its Real Estate Special Opportunities Fund-I (RESO-I) in Realnet Ventures, which is a fully owned subsidiary of Paranjape Schemes (Constructions). The residential apartment tower is being developed on 1.09 acres of land, offering a total saleable area of 4.02 lakh sq ft. It will comprise 188 units, including 3BHK (average area of 1,300 sq ft) and 4BHK (average area of 1,700 sq ft) configurations. The project has a gross development value (GDV) of ₹370 crore and is projected to generate an operating surplus of ₹143 crore. Located within Blue…

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Bihar Requires Map Approval for Rural Multi-Storey Buildings

PATNA: The state government is set to make map approval mandatory for constructing apartments and multi-storey buildings in rural areas to regulate unplanned expansion across villages. The Panchayati Raj department is finalizing new rules that will require approval from the law department, a high-level committee, the state cabinet, and the legislature. Once in place, no multi-storey structure will be permitted in rural areas without an approved building plan. Panchayati Raj Minister Dipak Prakash stated, “Bihar is experiencing rapid urbanization along with increasing unplanned constructions in non-planned areas.” He noted, “These developments lead to violations of building by-laws and cause revenue…