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.

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Ahmedabad to Permit RMC Plants Near Construction Sites

Representative AI image AHMEDABAD: In response to protests from builder groups — CREDAI and GAHED — the Ahmedabad Municipal Corporation (AMC) has revised its policy to permit ready-mixed cement (RMC) plants within one kilometer of construction sites. This change comes after the AMC previously implemented restrictions aimed at curbing air pollution in the city. Approval for an onsite RMC plant within a one-kilometer radius will be granted if the construction site’s area is 7,500 square meters or less. For sites larger than 7,500 square meters, it remains a requirement to locate the RMC plant on the construction site itself. This…

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GIS Maps Coming Soon for Property Sale Deeds

PUNE: GIS maps for properties will soon be essential for the registration process throughout India. Senior officials from the central land records department informed TOI that these maps will replace the long-standing method of defining plot boundaries using cardinal directions and nearby landmarks. The Centre is currently collaborating with all state governments, including Maharashtra, to implement the Geographic Information System (GIS)-based property registration in the near future. The primary aim of this new system is to ensure that every property transaction is digitally linked to a specifically mapped land parcel. Currently, title deeds generally describe boundaries using directions like east…

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JM AMC Launches ₹1,000-Crore Real Estate Fund in AIFs

NEW DELHI: JM Financial Asset Management Company is enhancing its Alternative Investment Fund (AIF) platform by launching a Rs 1,000 crore early-stage real estate fund to fill the financing gaps in the sector. According to Amitabh Mohanty, MD and CEO of JM Financial Asset Management Ltd, “Our aim is to develop a comprehensive AIF ecosystem that facilitates India’s next wave of enterprise growth. We are formulating thematic strategies that are backed by real assets and focus on non-traditional opportunities,” as reported to PTI. The AIF platform will provide specialized capital pools targeting credit, real estate, and pre-IPO opportunities, he noted.…

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Keystone Realtors’ ₹3,000 Crore Housing Project in Mumbai Next Month

NEW DELHI: Keystone Realtors, a prominent real estate firm, is set to unveil a super luxury residential project in Mumbai next month, projected to generate approximately ₹3,000 crore in revenue, according to a senior company official. Based in Mumbai, Keystone Realtors operates under the Rustomjee brand and is recognized as one of India’s leading real estate developers. In a recent interview with PTI, Boman Irani, Chairman and Managing Director of Keystone Realtors, expressed a strong optimism regarding housing demand. He is confident that the sales bookings target of ₹4,000 crore for the current fiscal year will easily be met. The…

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Brookfield India REIT Secures ₹2,000 Cr via Green Bonds

Brookfield India Real Estate Trust has successfully raised Rs 2,000 crore through its first sustainability-linked bonds, with the International Finance Corporation (IFC) as a key anchor investor, according to sources familiar with the matter. Other notable subscribers include a mix of domestic and international institutional investors. The listed REIT is set to issue the bonds with a quarterly coupon of 7.06% over a tenure of five years. This marks the second fundraising effort by Brookfield India REIT in two weeks, following a Rs 3,500 crore equity offering through a qualified institutional placement (QIP) from both domestic and global investors earlier…

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Two REITs Set for Debt Sales This Month, Sources Say

MUMBAI: Two Indian real estate investment trusts (REITs) are preparing to enter the bond market in the coming days, concluding a year characterized by record issuances from income-generating real estate operators, according to sources familiar with the matter. Merchant bankers note that bonds generally come with fewer restrictions compared to bank loans, enabling trusts to allocate funds across multiple properties. Knowledge Realty Trust and Embassy Office Parks REIT aim to collectively raise around 21 billion rupees (approximately $232.8 million) through shorter-tenor debt instruments. Knowledge Realty Trust intends to secure 16 billion rupees through bonds maturing within four years. Meanwhile, Embassy…

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MPCB Team Assesses Anti-Pollution Measures at Baner Realty Site

PUNE: On Friday, officials from the Maharashtra Pollution Control Board (MPCB) inspected a site for a new residential and commercial project in Baner to determine further actions needed to manage dust and noise levels, as mandated by the National Green Tribunal (NGT) on December 8. MPCB’s Pune sub-regional officer Kartikeya Langote stated, “We have sent field officers Jayant Doke and Sarjerao Bhoi to the project site.” Doke informed TOI, “We have established air quality and noise monitoring stations, which will track these levels for the next 24 hours. We had previously instructed the project proponent to implement measures to mitigate…

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Mumbai Builder Accused of Cheating Investor in Mira Road Deal

MUMBAI: Neeraj Vora, Director of Aiko Builders Pvt Ltd, has been accused of cheating a construction businessman from Vasai out of crores in a real estate transaction involving land in Mira Road. The Manikpur police filed an FIR against Vora for charges including cheating and forgery. Complainant Akash Gupta claims that in 2021, Vora solicited funds for the development of a 2-acre, 25.75-guntha property at Mira Road, assuring him of 100,000 sq ft at Rs 2,970 per sq ft. Vora allegedly claimed ownership and indicated that a total investment of Rs 30 crore was necessary. An MoU was signed on…

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Uttar Pradesh Grants Housing Authorities Land Use Flexibility

Representative image created by AI LUCKNOW: To enhance urbanization, the state government has empowered housing development authorities by allowing them to authorize changes in land use. If a significant parcel of land is needed for a new township, the governing board of housing authorities can reclassify agricultural land for different purposes. Housing schemes will be introduced in 20 major cities across the state under the Chief Minister’s township policy, including Gorakhpur, Aligarh, Agra, Bareli, Jhansi, Ayodhya, Meerut, Varanasi, Moradabad, Kanpur, Saharanpur, Mathura, Firozabad, Lucknow, Bulandshahr, Banda, Ghaziabad, Hapur, Baghpat, and Rampur. This amendment will also assist regulatory authorities in acquiring…

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Gujarat’s Real Estate Transformed by Redevelopment Wave

AHMEDABAD: Gujarat’s real estate sector is undergoing a significant transformation as redevelopment and joint development projects rapidly gain traction due to rising land prices and changing business models. Official statistics reveal a notable increase in registered development agreements, indicating that builders and landowners are opting for partnership models rather than outright land acquisitions. In 2024, a total of 777 redevelopment and joint development agreements were recorded in Gujarat, generating over Rs 55 crore in stamp duty for the state government. The momentum continued into 2025, with 983 agreements registered by November 30, yielding more than Rs 59 crore in stamp…