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

Nagpur’s civic body offers 15% rebate for property tax relief

NAGPUR: In response to strong taxpayer engagement, the Nagpur Municipal Corporation (NMC) plans to reintroduce property tax rebates of up to 15%. Officials noted that nearly 44% of property owners took advantage of this incentive last year. According to tax department data, out of 828,497 registered properties, 365,196 property owners utilized the rebate scheme from April 1 to December 31, 2025—showing a participation rate of approximately 44.1%. Officials believe this highlights the success of the incentive-driven strategy in enhancing compliance and increasing revenue. Out of the total, 147,560 property owners made payments online, contributing ₹61.54 crore and enjoying rebates between…

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AstraZeneca India to sell 64-acre Bengaluru site for ₹3,400 Cr

Representative AI image BENGALURU: AstraZeneca’s Indian arm plans to sell its 64-acre manufacturing facility in North Bengaluru as part of a review of its global supply and manufacturing network by its UK-based parent company. The land, estimated to garner around ₹3,400 crore for AstraZeneca Pharma India, has attracted interest from developers such as Sattva Group, Aurobindo Pharma, and RMZ. This sale is part of a broader land monetization initiative. A source indicated, “AstraZeneca has shortlisted three potential bidders and plans to finalize the deal soon.” The land, located in a prime area of North Bengaluru, is valued at over ₹53…

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OC Probe Expands: 14 of 22 Gurugram Buildings Incomplete

Certainly! Here’s a rewritten version of the content: GURUGRAM: An investigation into violations related to occupation certificates (OCs) is gaining momentum. Following a TOI report that revealed the issuance of OCs for incomplete buildings in Gurgaon, further violations have been identified on a larger scale. On Thursday, a joint inspection by the CM Flying Squad and the Department of Town and Country Planning (DTCP) assessed several sites in Sector 70A, uncovering significant irregularities in OC issuance. Out of approximately 22 buildings inspected, at least 14 were discovered to be unfinished. Sources indicate that a list of architects associated with the…

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Real Estate Private Equity Investments Hit $4.3B in FY26

NEW DELHI: In FY26, private equity investments in India’s real estate sector reached $4.3 billion, marking a 16% rise from FY25 and the highest level of activity in seven years, according to Anarock Capital’s report. During this fiscal year, 60 transactions were recorded, up from 41 in FY25, indicating a wider range of participation among investors and asset classes. The average deal size reduced to approximately $71 million, signaling a trend towards smaller, more diversified investments. The largest transaction made up only 9% of the overall deal value in FY26, a significant change from higher concentrations seen in the previous…

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IBBI Panel Recommends Project-Based Insolvency for Real Estate

A panel formed by the insolvency regulator has recommended that bankruptcy proceedings focus solely on distressed projects of a real estate developer, rather than encompassing the entire company. This approach aims to allow solvent or unrelated ventures within the same developer to continue operating, benefiting many homebuyers involved in stable projects while hastening the resolution process for stressed ones. The panel stated that proceedings under the Insolvency and Bankruptcy Code (IBC) should typically be initiated on a project-by-project basis, treating each as an independent economic unit. This recommendation comes from the panel established by the Insolvency and Bankruptcy Board of…

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Prestige Estates’ Pre-Sales Surge 76% to ₹30,024 Crore in FY26

NEW DELHI: Prestige Estates Projects Ltd reported a 10% increase in pre-sales, reaching ₹7,697 crore in the fourth quarter of the previous fiscal year, driven by strong demand for its residential properties. The company’s latest operational update reveals a record pre-sales figure of ₹30,024 crore for the 2025-26 fiscal, marking a 76% rise compared to the previous year. Irfan Razack, Chairman and Managing Director, highlighted the strong year-end, noting consistent sales momentum throughout the year and a solid finish in Q4. He mentioned, “Demand in our key markets has remained positive, and our emphasis on quality, location, and timely delivery…

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Ashiana Housing Q4 FY26 Pre-Sales Surge 2x to ₹1,290 Crore

NEW DELHI: Sales bookings at Ashiana Housing Ltd have more than doubled to Rs 1,289.70 crore in the fourth quarter of the last fiscal year due to increased demand. In the corresponding period last year, the sale bookings were recorded at Rs 574.73 crore. A regulatory filing on Tuesday revealed that Ashiana Housing achieved a record pre-sales figure of Rs 2,421.47 crore in the last fiscal year, a rise from Rs 1,936.75 crore in 2024-25. “The sales value for the booked area stands at INR 2,421.47 crore (FY’26), marking the company’s highest annual sales to date,” the report stated. During…

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Signature Global’s FY26 Pre-sales Drop 20% to ₹8,220 Crore

NEW DELHI: Signature Global (India) has reported a 20% year-over-year decrease in pre-sales, totaling ₹8,220 crore for FY2026, down from ₹10,290 crore the previous year. Pre-sales for the March quarter reached ₹1,540 crore, marking a 5% decrease year-on-year and a 24% decline from the previous quarter. The company sold 2,114 units in FY26, a significant drop from 4,130 units in FY25. Collections for the fiscal year were ₹4,000 crore, down from ₹4,380 crore in the previous year. Pradeep Kumar Aggarwal, chairman and whole-time director of the company, stated, “FY26 reflects our commitment to disciplined growth, with a notable reduction in…

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India’s Role in Shaping the Future of Global Education

Annual Education Summit 2026 India finds itself at a pivotal juncture in global education, benefiting from a demographic advantage, growing digital infrastructure, and ambitious policy directives. The nation is not only focused on educating its own populace but is also positioning itself as a significant contributor to global learning. By 2035, India aims to attain a 50% Gross Enrolment Ratio (GER) in higher education, accommodating nearly 26 million additional students over the next decade. This effort signals a substantial transformation in the educational landscape. Enhancing Access Without Sacrificing Quality: The challenge lies not just in enrolling more students, but in…

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RBI Holds Policy Rate at 5.25% Amid Inflation Concerns

File Photo MUMBAI: The Reserve Bank of India (RBI) announced on Wednesday that it will maintain the current interest rates amid expectations of a global recovery influenced by the recent ceasefire in the US/Israel-Iran conflict, which has lasted for six weeks. This policy decision follows a prolonged conflict in West Asia that has interrupted energy supplies, increased crude oil prices, and created both fiscal and inflationary pressures for nations like India that rely heavily on imports. This marks the first monetary policy review following the government’s new inflation target announcement for the RBI last month, instructing it to keep retail…