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

DLF Plans ₹20,000 Crore Housing Sale by FY27: MD

NEW DELHI: DLF Ltd, India’s largest real estate firm, aims for sales bookings of ₹20,000 crore in the current fiscal year, maintaining a target similar to that of 2025-26, driven by a robust launch pipeline for residential projects in Gurugram, Mumbai, and Goa, as stated by Managing Director Ashok Kumar Tyagi on Thursday. In a webcast for market analysts, Tyagi emphasized the strong performance of both the company’s housing and commercial segments and expressed confidence in their future growth. Regarding the sales bookings target for the 2026-27 fiscal, he reaffirmed an annual goal of ₹20,000 crore. Of this, approximately ₹14,000-15,000…

IndustryLatest Stories

HCC Q4 FY26 Net Profit Falls 34.56% to ₹59 Crore

NEW DELHI: Hindustan Construction Company (HCC) announced a 34.56% drop in consolidated net profit, reporting Rs 59 crore for the quarter ending March 2026. In the same period last year, the profit was Rs 90.08 crore, as detailed in a BSE filing. The company’s total income for the quarter was Rs 1,017.51 crore, compared to Rs 1,392.20 crore a year prior. Total expenses decreased to Rs 931.28 crore from Rs 1,077.91 crore in the previous year. For the full fiscal year 2025-26, HCC recorded a consolidated net profit of Rs 165.52 crore, up from Rs 112.63 crore in FY25. The…

IndustryLatest Stories

Karnataka Deputy CM Launches ‘Bhoo Guarantee’ for 23 Lakh Properties

BENGALURU: Karnataka Deputy Chief Minister D K Shivakumar unveiled the “Bhoo Guarantee” scheme on Wednesday, intending to provide digitized property records to approximately 23 lakh property owners in Bengaluru, alongside a one-time settlement opportunity to convert B-Khata properties into A-Khata. A-Khata signifies legitimate properties. Moreover, he announced concessions for B-Khata holders, landowners, and homeowners impacted by planning violations, as well as relaxations under the Bengaluru Development Authority (BDA) regulations. “This is a historic decision to provide Bhoo Guarantee (land guarantee) to 23 lakh people in Bengaluru city,” said Shivakumar, adding that “Nanna Khata, Nanna Hakku” (My Khata, My Right) signifies…

IndustryLatest Stories

GDA Board to Discuss Fire Safety, Land Acquisition on April 14

GHAZIABAD: The GDA board is set to convene on Thursday to discuss 17 proposals, which include updating development, permit, and inspection fees for the fiscal year 2026-27, following an increase by the state government. The board will also assess a recently approved allocation of Rs 100 crore aimed at enhancing fire safety measures in high-rise buildings. Additional topics on the agenda involve land acquisition for the Aerocity project and the second phase of the Harnandipuram township development. “One of the key proposals on the agenda involves budgetary allocations to improve fire safety systems. Rs 100 crore has already been allocated,…

IndustryLatest Stories

Delhi Plans to Lower Building Height for Better Fire Safety

NEW DELHI: The Delhi government is contemplating adjustments to the height limits of buildings concerning the fire NOC requirement to enhance safety regulations, following recent incidents that resulted in multiple fatalities in the city, officials reported. As per the guidelines of the Delhi Electricity Regulatory Commission (DERC), power distribution companies can grant electricity connections to residential buildings up to 17.5 meters high with stilt parking and up to 15 meters high without stilt parking, without requiring fire safety no objection certificates (NOC). Officials noted that over 95% of residential properties in the capital avoid implementing fire safety protocols due to…

IndustryLatest Stories

DLF’s Net Profit Up 1.10% to ₹4,414.68 Crore in FY26

NEW DELHI: DLF has announced a 1.10% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹4,414.68 crore, up from ₹4,366.82 crore in FY25, as reported in a filing to the BSE. The company’s net consolidated total income was ₹9,816.04 crore in FY26, representing a 9.12% rise from ₹8,995.89 crore in FY25. In Q4 FY26, net consolidated total income fell by 37.46%, totaling ₹2,093.82 crore compared to ₹3,347.77 crore in the same quarter last year. Additionally, profit after tax declined by 1.06%, settling at ₹1,268.56 crore in Q4 FY26, down from ₹1,282.20 crore…

IndustryLatest Stories

Signature Global (India) nets ₹1,094.64 crore profit in FY26

NEW DELHI: Signature Global (India) announced a consolidated net profit after tax of ₹1,094.64 crore for the financial year 2025-26, up from ₹101.20 crore reported in FY25, as stated in a filing with the BSE. The company’s consolidated total income for FY26 reached ₹2,778.85 crore, a 5.34% increase from ₹2,637.99 crore in FY25. In Q4 FY26, consolidated total income surged 109.53% to ₹1,195.22 crore, compared to ₹570.43 crore in the same quarter last year. Similarly, profit after tax for Q4 FY26 was ₹1,152.40 crore, a significant rise from ₹61.12 crore in the corresponding quarter of the previous fiscal. The board…

IndustryLatest Stories

Concorde aims for ₹650 crore in FY27, invests ₹200 crore in projects

NEW DELHI: Concorde is set to invest approximately ₹200 crore in FY27 as it aims to grow its project pipeline in Bengaluru, using a combination of outright land purchases and joint development agreements. The company reported sales of about ₹450 crore for FY26, compared to ₹340 crore the previous year, while recognized revenue fell between ₹395-400 crore. The firm anticipates improving its profit margin to around 15% in FY27 from the current 8-10% range. Traditionally focused on joint development projects, the company is now increasing its budget for outright land acquisitions as landowners in Bengaluru favor cash transactions due to…

IndustryLatest Stories

Chandigarh Can Now Impose Fire Tax on Buildings

CHANDIGARH: The Chandigarh administration is now authorized to impose a fire tax or cess on buildings that pay property tax within the municipal corporation, following the extension of the Haryana Fire and Emergency Services Act, 2022, to Chandigarh. The fire tax will be calculated as a percentage of the property tax, with rates to be determined by the administration periodically. This initiative is part of a significant update to Chandigarh’s fire safety framework, replacing the previously enforced Delhi Fire Prevention and Fire Safety Act of 1986. The updated framework extends the validity of fire safety certificates (FSCs) from three to…

IndustryLatest Stories

ASK CLAF Invests ₹63 Crore in Arpora Villa Project, Goa

NEW DELHI: ASK Curated Luxury Asset Fund I (ASK CLAF I), a real estate investment platform co-sponsored by India Sotheby’s International Realty and ASK Property Fund, plans to invest ₹63 crores to develop a villa project in collaboration with Goa-based Priority Group. The villa development, named Ananda Nilaya, is located in Arpora and will feature 23 villas. The company anticipates generating ₹360 crores in revenue from this project. Spanning 5.12 acres, the development will be designed by the architectural firm Stapati, with landscape design led by Terra Firma. Currently, Priority Group is working on a total of five lakh sq…