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

Telangana: Minimal Rise in CURE Building Approval Revenue Post-Merger

HYDERABAD: Despite the merger of 17 municipalities into three corporations – Greater Hyderabad Municipal Corporation (GHMC), Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MMC) – revenue from building approvals in the Telangana Core Urban Region (CURE) has seen only a slight increase. The original GHMC, which covered six zones over 650 sq km, generated ₹1,138 crore from building permits in 2024-25. In contrast, the newly expanded CURE, now comprising 12 zones, reported ₹1,172 crore in 2025-26. However, this represents a significant drop of approximately ₹282 crore compared to 2022-23. Of the 15,536 building permissions granted in 2025-26, a majority—12,014…

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Chandigarh Boosts FAR to Lower Flat Prices, Permit 6 Floors

Representative AI image CHANDIGARH: To enhance housing affordability and revive the recently stalled Chandigarh Housing Board (CHB) project in Sector 53, the UT administration has approved an increase in the permissible Floor Area Ratio (FAR) to 2.4, allowing for the construction of taller residential buildings as part of the proposed group housing scheme. The change, suggested by the urban planning department, will facilitate the construction of buildings up to six stories high. Officials noted that this adjustment is designed to increase the number of housing units, thereby lowering per-unit costs and improving accessibility for buyers. “The revised FAR allows for…

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Ghaziabad Mandates Tree Planting for New Plot Approvals

GHAZIABAD: The Ghaziabad Development Authority has introduced a new regulation making tree planting mandatory based on plot size to enhance the city’s green cover. This rule, effective from April 1, stipulates that no approval will be granted without a map that designates areas for planting. The Authority has implemented a security deposit system, which will be refunded if officials are satisfied with the tree planting on the respective plots. An official stated that for every 100 sqm of land, two trees are required, and these must be clearly marked on the submitted map. For commercial and industrial plots, two trees…

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Ajmera Realty’s FY26 Pre-Sales Reach ₹1,701 Crore

NEW DELHI: Ajmera Realty & Infra India Ltd has announced a remarkable 57% increase in pre-sales to ₹1,701 crore for FY2026, driven by new project launches and consistent demand. The company reported sales of 6.6 lakh sq ft during the fiscal year, which is an 11% rise compared to the prior year. Collections surged by 71% to reach ₹1,103 crore. According to Dhaval Ajmera, Director of Corporate Affairs, “We have not only surpassed our annual pre-sales expectations but also achieved the highest-ever pre-sales figure of ₹1,701 crore. Our collections of ₹1,103 crore in FY26 reflect exceptional market absorption of our…

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Maharashtra CM Approves BSNL, MTNL Land for PMAY Housing in Borivali

Representative AI image MUMBAI: On Friday, Maharashtra Chief Minister Devendra Fadnavis sanctioned the acquisition of land from Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in Borivali to facilitate affordable housing under the Pradhan Mantri Awas Yojana (PMAY). This decision was made during a meeting of the Maharashtra Housing Development Authority, chaired by the Chief Minister at the Sahyadri Guest House, according to official sources. A total of 28.84 acres of land—owned by BSNL in Gorai and MTNL in Shimpoli—will be acquired at ready reckoner rates amounting to Rs 729 crore, as stated in a government release.…

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Godrej Properties’ FY26 Bookings Reach ₹34,171 Crore

NEW DELHI: Godrej Properties (GPL) announced bookings of ₹34,171 crore for FY26, reflecting a 16% increase compared to the previous year, as per the company’s operational update. During the fiscal year, the company sold 17,515 units, with total sales volume rising 5% to reach 27 million sq ft. The booking value for the March quarter amounted to ₹10,163 crore, showing a 21% sequential growth. Collections for FY26 saw a 17% increase to ₹19,965 crore, while operating cash flow rose by 5% to ₹7,830 crore. In Q4, quarterly collections reached ₹7,947 crore. Gaurav Pandey, MD & CEO of the company stated,…

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Jaiprakash Gaur Supports Adani’s Purchase of JAL Assets

NEW DELHI: On Friday, Jaiprakash Gaur, the founder of Jaypee Group, announced his endorsement of the Adani Group’s acquisition of his insolvent firm, Jaiprakash Associates Ltd (JAL). He expressed utmost trust in Gautam Adani’s capability to advance the group’s interests. This support comes shortly after Anil Agarwal of Vedanta Ltd claimed that Gaur preferred to see JAL under the stewardship of his mining company. Gaur stated, “I appreciate the fair and transparent process led by the Committee of Creditors and the Resolution Professional, thanking both the Adani and Vedanta Groups for their participation.” “The Committee of Creditors (CoC) has chosen…

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Vedanta questions metrics for Adani’s JAL bid selection

NEW DELHI: The Vedanta Group has raised concerns regarding the evaluation criteria used by the creditors of Jaiprakash Associates Ltd (JAL), which opted for a lower bid of ₹3,400 crore from Adani Enterprises for the financially troubled company. During a session at the National Company Law Appellate Tribunal (NCLAT), Vedanta’s counsel remarked that the “valuation process has compromised the commercial judgment” exercised by the committee of creditors (CoC). Senior advocate Abhijeet Sinha questioned whether the CoC’s evaluation matrix aimed at value maximization or served some other agenda. Sinha argued that the evaluation matrix, along with the resolution plan request (RFRP)…

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Cyberabad commissioner urges builders to enforce site safety

HYDERABAD: G. Srijana, the commissioner of the Cyberabad Municipal Corporation (CMC), has called on builders and developers to strictly comply with construction standards, environmental guidelines, and legal requirements for all active and future projects. During a meeting with representatives from CREDAI, NAREDCO, and the Telangana Developers Association, the commissioner emphasized the need for proper safety measures at construction sites to ensure the protection of workers and the public. She also highlighted the necessity of controlling dust and air pollution through effective mitigation strategies. The commissioner stated that Partial Occupancy Certificates (OCs) should only be pursued once construction aligns strictly with…

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Mysuru body earns ₹156 crore from premium site sales

MYSURU: The Mysuru Development Authority (MDA) recently held an auction for premium commercial and residential sites, generating ₹156 crore in revenue from the sale of corner and intermediate plots. A total of 200 sites were auctioned, with 133 finding buyers. Successful bidders have three to four days to complete their payments; failure to do so will result in the forfeiture of their EMD amount. KR Rakshith, the commissioner in charge of the MDA, reported a strong turnout at the auction, noting that there was significant interest across Mysuru, excluding the Sathagalli area in northeast Mysuru. Around 33 of the 40…