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

NSE Signs 80-Year Lease for 2.7 Acres in BKC at ₹1,684 Crore

MUMBAI: The National Stock Exchange of India (NSE) has secured a prestigious land parcel in Mumbai’s Bandra-Kurla Complex (BKC) through a long-term lease of 80 years from the Mumbai Metropolitan Region Development Authority (MMRDA), amounting to Rs 1,684 crore. This transaction encompasses the combined plots C-81 and C-82, situated in G Block of BKC, a prominent and costly commercial hub in India. The total area of the land parcel is approximately 2.7 acres, allowing a maximum permissible built-up area of 4.7 lakh sq ft. In March 2025, RealtyDailyNews initially reported that the stock exchange intends to transform its iconic headquarters…

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Sri Lotus Developers’ Profit Up 6.77% to ₹243.30 Crore FY26

NEW DELHI: Sri Lotus Developers & Realty, based in Mumbai, has announced a 6.77% increase in its net consolidated profit for the financial year 2025-26. The company reported a profit after tax of ₹243.30 crore, up from ₹227.88 crore in FY25, according to a BSE filing. The net consolidated total income for FY26 reached ₹818.71 crore, reflecting a growth of 43.82% from ₹569.27 crore in FY25. In Q4 FY26, the firm experienced a 62.53% increase in total income, totaling ₹322.03 crore compared to ₹198.13 crore during the same quarter last year. Profit after tax for Q4 FY26 rose by 17.50%…

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Keystone Realtors’ FY26 Profit Falls 49.5% to ₹94.95 Crore

NEW DELHI: Keystone Realtors has announced a 30.81% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹94.95 crore for FY26, compared to ₹188.13 crore in FY25, as stated in their BSE filing. The company’s net consolidated total income for FY26 was ₹2,716.85 crore, marking a 28.07% rise from ₹2,121.44 crore in FY25. In Q4 FY26, the net consolidated total income surged by 151.22% to ₹1,613.36 crore, up from ₹642.20 crore in the same quarter last year. However, the profit after tax saw a 4.93% decline, settling at ₹63.65 crore compared to ₹66.95…

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UP directs Noida DM to tackle Migsun Builders’ water violations

NOIDA: The groundwater department in Lucknow has instructed the Noida District Magistrate to take action against a builder due to excessive groundwater extraction in Greater Noida. A report is expected within 10 days. This directive follows environmentalist Vikrant Tongad’s persistent efforts, including an application submitted on April 22, which alleged that the Greater Noida Authority overlooked his complaint. Tongad’s application stated that Migsun Builders have been engaged in extensive dewatering operations in Tech Zone for over a year. Dewatering is a specialized technique used to remove groundwater or surface water from construction sites, trenches, or mining areas, ensuring a dry…

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Gujarat’s New Policy: Freehold Status for Housing Colonies

GANDHINAGAR: The Gujarat government’s new urban housing policy, under revision for the first time in a decade, includes relaxed redevelopment rules and the transition of housing board colonies to freehold status. This more liberal policy aims to encourage affordable housing by revitalizing old colonies established by local or state authorities, as well as aging private societies. The urban development and housing department is currently drafting the policy, which is anticipated to be released soon. “We have created a new draft policy following initial consultations with stakeholders and plan to unveil it for public feedback shortly,” a knowledgeable source stated. “The…

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Ludhiana’s Property Plates Project Stalled for 12 Years

LUDHIANA: Efforts to modernize the city’s property tracking system have been stalled for a decade due to two unsuccessful attempts at installing unique identification plates across the area. The municipal corporation’s initiative, proposed in 2014, aimed to assign a permanent UID number and QR code to every residential and commercial property, enabling officials to instantly check for unpaid taxes, water bills, and sewage dues. After 12 years of planning and failed implementations, the project lacks a clear timeline for progress. Most recently, the effort under the Smart City Mission failed due to a conflict between the municipal body and its…

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Anant Raj’s Net Profit Soars 30.81% to ₹557.02 Crore in FY26

NEW DELHI: Anant Raj has reported a 30.81% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹557.02 crore in FY26, compared to ₹425.82 crore in FY25, according to a BSE filing. The company’s total net consolidated income for FY26 was ₹2,579.08 crore, reflecting a growth of 22.80% from ₹2,100.28 crore in FY25. In Q4 FY26, net consolidated income grew by 22.60% to ₹675.41 crore, up from ₹550.90 crore in the same quarter last year. Profit after tax also rose by 25.19% to ₹148.71 crore, compared to ₹118.79 crore in the corresponding quarter…

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War Halts UAE Realty Boom; Dubai Projects Delayed

DUBAI: The ongoing conflict in West Asia is projected to hinder handovers in the UAE’s thriving property market, with developers facing delays of six to nine months due to supply chain issues, increased costs, and stricter bank financing. Of the 45,000 units scheduled for delivery in Dubai by 2026, around half are expected to be postponed until 2027 or later, based on data from Anarock Middle East. The overall construction costs have surged by nearly 30%, as per industry estimates. Currently, Dubai’s under-construction market accounts for approximately 70% of total property transactions, fueled by strong foreign investment, increased migration, and…

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Dwarka Projects to Generate ₹29,000 Crore in License Fees for Delhi

NEW DELHI: The Delhi Development Authority (DDA) is poised to generate over ₹29,700 crore in the next 55 years by shifting focus from direct land sales to long-term land monetization. This strategy involves annual license fees from three key projects in Dwarka, aiming to enhance revenue while promoting urban infrastructure development. The three projects include a five-star hotel in Sector 23, Delhi’s inaugural Transit Oriented Development (TOD) project in Sector 22, and a 600-bed super-speciality hospital in Sector 9. This approach represents a significant shift in DDA’s operations, allowing it to unlock value from limited land resources without giving up…

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Fresh 39A plans aim to convert 25,000+ sq meters in Bardez, Pernem

PANAJI: The Town and Country Planning (TCP) department has announced new corrections to the Regional Plan under Section 39A of the TCP Act, proposing to convert over 25,000 sqm of land. These land parcels, located in Bardez, Pernem, Salcete, and Bicholim, are currently designated as natural cover, orchard land, and no-development-slope areas. The latest notification includes nine proposals approved by the TCP board on April 21, which are now open for public objections and suggestions for 30 days. The largest proposal comes from Mumbai’s KGL Realtors Pvt Ltd, seeking to convert 18,733 sqm of land in Salvador do Mundo, Bardez,…