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

NBCC Launches Real Estate Operations in Dubai

NEW DELHI: NBCC (India) has launched its international real estate ventures in Dubai through its wholly-owned subsidiary, NBCC Overseas Real Estate LLC. This subsidiary has acquired a land parcel in Dubai Mainland for AED 16 million, which includes AED 1 million for DLD, brokerage, and other associated costs, aimed at a mixed-use development. The development will have a Gross Floor Area (GFA) of 51,718 sq ft, featuring a configuration of G+2P+8 floors, with expected project revenue in the range of AED 58-60 million. Additionally, NBCC announced signing a memorandum of understanding (MoU) with the Mumbai Port Authority (MbPA) for the…

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Prestige Group buys 25-acre site in Medavakkam, Chennai

Representative image NEW DELHI: Prestige Group has secured a 25-acre land parcel in Medavakkam, Chennai. This land holds the potential for approximately five million square feet of development, estimated to generate over ₹5,000 crore in top-line revenue. In early December 2025, Prestige Falcon Realty, a wholly-owned subsidiary, along with Prestige Projects, acquired a partnership interest in Bharatnagar Buildcon LLP, as disclosed in a regulatory filing. The subsidiaries invested ₹938.75 crore through capital and current account contributions in the LLP. As a result of this acquisition, the company now indirectly holds a 66.93% partnership interest in Bharatnagar Buildcon LLP, with 63.12%…

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Pune Land Deal: Parth Pawar’s Firm Seeks Sale Deed Cancellation

PUNE: Amadea Enterprises LLP, co-owned by Parth Pawar, son of Maharashtra’s Deputy Chief Minister Ajit Pawar, has initiated a civil lawsuit against Sheetal Tejwani, the power of attorney holder for the Mundhwa land, in a bid to annul the sale deed. Digvijay Patil, a partner in the firm, filed this suit in a Pune court under Section 31, concerning the cancellation of written documents, including sale deeds or contracts as stated in the Specific Relief Act of 1963. According to court filings, a hearing is set for January 15, 2026. Issues arose concerning the sale of 40 acres of land…

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Nisus Finance Buys Dubai Motor City Tower for ₹536 Crore

Nisus Finance Services Company (NiFCO), a publicly listed alternative fund manager and urban infrastructure investor, has made its largest investment in the UAE by acquiring the entire residential tower Lootah Avenue in Dubai Motor City for ₹536 crore. This investment includes the acquisition of the property on a 3.34-acre parcel, along with transaction costs and refurbishment expenses. The multi-level building features two basements, a ground floor, 23 residential floors, and a rooftop. It offers a gross floor area of 304,680 sq ft and a net saleable area of 260,000 sq ft. Completed in 2021, Lootah Avenue consists of 273 apartments,…

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RLDA Secures ₹2,250 Crore Bid for 2.5 Acres in Mumbai

Representative image The Railway Land Development Authority (RLDA) achieved a record bid of ₹2,250 crore for a prime 2.5-acre site in Mahalaxmi, South Mumbai, according to sources familiar with the situation. This unprecedented bid sets a new standard for long-term lease rights auctions in India’s real estate sector. The competitive process drew interest from several of the nation’s leading developers, indicating strong investor confidence in prime urban properties. Four major developers competed for the plot. Dineshchandra R Agrawal Infracon emerged as the top bidder with a ₹2,250 crore offer, followed by Sobha Realty at ₹1,232 crore, and Lodha Group with…

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Karnataka-RERA Chief Urges Government to Clarify OC-CC Norms

BENGALURU: Rakesh Singh, chairman of the Karnataka Real Estate Regulatory Authority (K-Rera), has called on the state government to establish clear guidelines regarding the interpretation of occupancy certificates (OC) and completion certificates (CC), amidst growing concerns among homebuyers over regulatory ambiguity. In a comprehensive five-page letter, Singh highlighted that inconsistent interpretations of OC and CC across various laws are generating confusion and adversely impacting homebuyers in Bengaluru. Singh noted the differences in definitions of OC and CC in the RERA Act, the Karnataka Municipal Corporations (KMC) Act, the BBMP Act, and the newly implemented Greater Bengaluru Authority (GBA) Act. In…

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RG Group Revives Greater Noida West Housing Post-Insolvency

NEW DELHI: RG Group has successfully completed the first phase of its previously stalled RG Luxury Homes project in Greater Noida West, following insolvency proceedings. The total construction costs post-NCLT are estimated at around ₹200 crore. Following the project’s admission to the National Company Law Tribunal (NCLT), the developer has refunded approximately ₹95 crore to homebuyers. Post-insolvency, ₹43 crore was infused by the promoter into the project, while banks provided nearly ₹27 crore in construction financing. After NCLT proceedings, the outstanding authority dues amounted to about ₹200 crore, of which ₹60 crore has already been paid. To obtain regulatory approvals…

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Gurugram Unveils Its First Cooling Action Plan

Representative AI image GURUGRAM: A long-term strategy is underway to combat rising heat stress and increasing air-conditioning demands in the city, incorporating passive design techniques, eco-friendly materials, efficient cooling solutions, and district cooling networks. Gurgaon has unveiled its first ‘Cooling Action Plan’ amid projections of sharply rising cooling demand and emissions by 2050. Commissioned by GMDA, the plan emphasizes methods like green roofs coupled with underfloor cooling systems and minimizing air leakage. “The cooling action plan highlights that implementing passive design, improving building envelopes, and targeted strategies such as green roofs and district cooling can decrease cooling energy consumption by…

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Cabinet Approves New Building Plan Norms for Noida Private Land

LUCKNOW: The Uttar Pradesh cabinet approved the New Okhla Industrial Development Authority (Building Construction on Land Transferred Through Exchange) Regulations, 2025, during a meeting on Monday. This initiative seeks to streamline the building plan approval process on privately owned land in the Noida region. Following the meeting chaired by Chief Minister Yogi Adityanath, the cabinet’s decision enables direct processing of applications for building map approvals on exchanged land by the Noida Industrial Development Authority (Noida Authority), bypassing the courts. According to Industrial Development Minister Nand Gopal Gupta ‘Nandi’, there weren’t clear policies under the existing Noida Building Regulations, 2010, for…

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Puravankara Acquires 53 Acres in Bengaluru

Representative image NEW DELHI: Puravankara has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru. Ashish Puravankara, the company’s managing director, stated, “This acquisition is part of our strategy to systematically enhance our launch pipeline with quality developable land across key micro-markets.” The newly acquired land in Attibele Hobli boasts a saleable area of 6.4 million sq ft, with a potential gross development value (GDV) exceeding ₹4,800 crore. Mallanna Sasalu, CEO – South, highlighted, “Prior to this acquisition, in H1 FY26, we added a total of 6.36 million sq ft of developable area in Bengaluru and Mumbai, translating to an…