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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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…

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Haryana Extends Settlement Scheme for Faster EDC Recovery

GURUGRAM: The Haryana government has extended its one-time settlement scheme while tightening financial terms to discourage developer delays. The extension of the “Samadhan Se Vikas” scheme until March 31, 2026, addresses long-overdue external development charges (EDC) related to licensing and land use across the state. EDCs are mandatory fees imposed by local governments on developers to support essential infrastructure and amenities outside project boundaries—like roads, water, sewage, and parks—ultimately passed on to homebuyers. According to officials, this decision by the Department of Town and Country Planning (DTCP) came after assessing the “slow pace of recovery under earlier deadlines” amid rising…

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Sumitomo Realty Bets on Mumbai’s Serviced Apartments

MUMBAI: Sumitomo Realty and Development, Japan’s third-largest developer, is set to expand its operations in India with a unique approach: focusing on Mumbai and managing apartments instead of selling them, executives told Reuters. Japanese developers are increasing their footprint in India’s $300 billion real estate market, drawn by rising rents and significantly lower construction costs than in Tokyo, New York, or London. Companies like Mitsui Fudosan and U.S.-based Blackstone have been expanding across India through partnerships with local developers or acquiring completed buildings, in light of slow land acquisition processes. In contrast, Sumitomo is focusing on Mumbai and opting for…

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Bengaluru: BDA, Forest Dept to Collaborate on Banashankari Land Dispute

BENGALURU: To address the ongoing dispute affecting numerous site owners in Banashankari 6th Stage, the BDA and the forest department will conduct a joint land survey in the coming weeks. This decision was made during a meeting held by the BDA on Wednesday, responding to persistent complaints from buyers and site allottees in this south Bengaluru layout. Officials determined that a new survey is essential since the previous one did not involve the forest department, resulting in conflicting claims regarding land extent and buffer zones. A survey conducted by the BDA in collaboration with the revenue department in September 2024…

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Bengaluru body plans land auctions for ₹1,800 crore boost

Representative image created by AI The Bengaluru Development Authority (BDA) is set to generate up to ₹1,800 crore through the auction of prime urban land, enhancing efforts to monetize land assets and increase revenue. This initiative is anticipated to draw competitive bids from top real estate developers, especially amid ongoing land shortages and high demand in metropolitan areas. Part of the monetization strategy includes BDA’s planned e-auction for three substantial commercial land parcels in Konadasapura, located along the rapidly developing Whitefield–Hosakote Road corridor in east Bengaluru. The largest parcel covers over 52 acres (approximately 2.13 lakh sq. metres), with two…

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Prestige Group Scraps Lutyens’ Plan, Sells Bungalow

Representative Image NEW DELHI: The Prestige Group from Bengaluru, which purchased a bungalow from TDI Infratech on Kasturba Gandhi Marg in Delhi for the development of a luxury boutique project, has withdrawn from the deal due to approval delays. The firm has sold the property for approximately ₹450 crore, after acquiring it two years ago for about ₹300 crore. TDI retained ownership of the Lutyens Delhi property intended for redevelopment. Initially set as a joint development agreement, Prestige eventually acquired the asset entirely. The property covers 5,100 square yards, with a projected revenue potential of ₹700 crore. Sources indicate that…

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Suhana Khan’s Alibaug property deal still pending, says minister

Representative AI image MUMBAI: A real estate transaction involving Suhana Khan, daughter of Shah Rukh Khan, has come under scrutiny in the Maharashtra Legislative Council. On Thursday, Shiv Sena (UBT) legislator Anil Parab raised concerns regarding the legality of the sale. Revenue Minister Chandrashekhar Bawankule confirmed in a written response that although a registered agreement exists between the sellers and Suhana, the final sale is incomplete pending government approvals. Parab inquired whether a plot in Thal village, Alibaug, previously assigned to Narayan Vishwanath Khote for agricultural purposes, was sold to Suhana without the necessary clearance from the district collector. The…

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UP: 1,598 Hectares in Defence Corridor Now Open for Allotment

Representative AI image LUCKNOW: An additional 1,598.92 hectares of land is now available for allocation under the Uttar Pradesh Defence Industrial Corridor (UPDIC), as announced by an official spokesperson on Friday. The Defence Corridor has already allocated 977.54 hectares to 62 companies, resulting in a committed investment of ₹11,997.45 crore and creating 14,256 direct jobs. Furthermore, another 110 MoUs are in the pipeline, expected to attract nearly ₹23,000 crore and generate over 38,000 additional jobs. According to UPEIDA ACEO HP Shahi, the government has sanctioned 2,097 hectares across six nodes—Aligarh, Kanpur, Lucknow, Jhansi, Chitrakoot, and Agra—of which over 2,040 hectares…

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Residents allege builder is ignoring construction rules in Bengaluru

Representative AI image BENGALURU: Residents of a gated community on Gottigere Lake Road in south Bengaluru are expressing their outrage over the disruptions caused by the construction of a new residential project nearby. They reference a 2012 Karnataka High Court ruling that bans noisy construction work after 6 PM, claiming their repeated complaints have been disregarded. “Construction has persisted for nearly six months. Our apartment complex has four blocks, and Block D suffers the most. Many senior citizens live here, yet no action has been taken by the authorities despite our continuous complaints,” stated Srinath, a resident. In June, residents…

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Maharashtra CM Launches Nagpur Model for Ownership Rights Statewide

NAGPUR: Chief Minister Devendra Fadnavis announced on Saturday that the “Nagpur model” for granting ownership rights will be implemented across Maharashtra. This initiative aims to allow thousands of residents to live with dignity, shedding the stigma of being labeled “encroachers.” The announcement was made at a function in his Nagpur South-West assembly constituency, where ownership documents were distributed to beneficiaries. Fadnavis emphasized that this initiative responds to a long-standing demand from citizens who have been living in slums for decades. “For 30–40 years, slum residents have sought ownership documents, only to be ignored. Today, these documents do more than provide…