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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SRA Cancels 181 of 228 Mumbai Joint Venture Projects

MUMBAI: Nearly two years after the government instructed various state-run corporations to carry out slum redevelopment at 228 locations in collaboration with the Slum Rehabilitation Authority (SRA), 181 projects have been abandoned due to minimal progress and feasibility issues. Of the 77 proposed joint ventures, the Brihanmumbai Municipal Corporation (BMC) will now proceed with only 44, while the Maharashtra Housing and Area Development Authority (Mhada) will complete 2 of its 24, and the Mumbai Metropolitan Region Development Authority (MMRDA) will implement just 1 of its 5. The SRA will take over these projects under its cluster redevelopment scheme or through…

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Maharashtra Plans Property Cards with Valuation for All Plots

Representative AI image PUNE: The Maharashtra state government is drafting a Land Titling Act that will mandate property cards for all land parcels, as stated by Revenue Minister Chandrashekhar Bawankule in Pune on Sunday. This card will not only include essential details but will also indicate the property’s value. A property card, or malmatta patrak, serves as the official land record document issued by the city survey department for urban areas. Currently, it is the primary legal proof of ownership for urban properties, encompassing all details about the owner, property size, location, and transaction history. For rural areas, a 7/12…

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Maharashtra to Challenge Bombay HC Ruling on Mira-Bhayander Land

MUMBAI: The Maharashtra government intends to challenge the Bombay High Court’s directive to transfer approximately 254.88 acres of land in Mira-Bhayander, Thane district, to two developers, as stated by Revenue Minister Chandrashekhar Bawankule on Saturday. The High Court ruled in favor of The Estate Investment and Mira Real Estate Developers regarding land valued at crores of rupees, according to an official statement. Bawankule affirmed, “The land is owned by the state. We will robustly present our case in the Supreme Court to ensure it remains in government hands,” announcing plans to file a Special Leave Petition against the April 30…

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UP Cuts Development and Building Permit Fees in Ghaziabad

GHAZIABAD: The UP government has further reduced development and building permit fees in multiple districts, including Ghaziabad. Previously, the fee in Ghaziabad increased from Rs 2,500 per sqm to Rs 4,170 per sqm in January. The new order has slightly decreased it to Rs 4,165 per sqm. In January, Ghaziabad experienced the highest hike, with a surge of over 66%. Despite the recent reduction, the city retains the highest development fee in the state. As per a GDA official, the fee in Loni, Muradnagar, and Modinagar has been reduced from Rs 1,510 per sqm to Rs 1,450 per sqm. New…

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TGIIC to Auction 11 Acres in Raidurg at ₹139 Crore/Acre

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) is preparing for a new land auction in Raidurg Panmaktha (Knowledge City), with a record upset price set at Rs 139 crore per acre. Officials estimate that the government could generate around Rs 2,000 crore from the sale of approximately 11 acres. TGIIC announced the auctions on Thursday. One plot, identified as survey no 83/1 and measuring 6.29 acres, will be auctioned on May 28, while another plot of 5.09 acres from the same survey number will be sold on June 1. In October 2025, a previous auction achieved…

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Oberoi Realty’s FY26 Profit Up 12.67% to ₹2,507.43 Crore

NEW DELHI: Oberoi Realty has reported a net consolidated profit increase of 12.67% for the financial year 2025-26. The profit after tax reached ₹2,507.43 crore in FY26, up from ₹2,225.51 crore in FY25, as stated in a BSE filing. The company’s net consolidated total income rose to ₹6,304.27 crore in FY26, showing a growth of 15.16% from ₹5,474.17 crore in FY25. In Q4 FY26, the net consolidated total income grew by 50.31%, reaching ₹1,823.71 crore compared to ₹1,213.33 crore in the same quarter last year. The profit after tax surged by 62.36% to ₹703.28 crore in Q4 FY26, versus ₹433.17…

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Hero Realty secures ₹1,200 crore loan from IndusInd Bank

Here’s a rewritten version of the content you provided: NEW DELHI: Hero Realty (HRPL), the real estate branch of Hero Enterprise, has obtained a ₹1,200 crore debt facility from IndusInd Bank to bolster its growth and expansion initiatives. The transaction was facilitated by Rezonance Consultants. The company has recently introduced a residential project, The Palatial by Hero Homes, located in sector 104 along the Dwarka Expressway. Covering approximately 11 acres, this project features over 680 residences, developed in partnership with Panasonic Electricals to create AI-enabled homes equipped with indoor air purification technologies. HRPL is working on developments spanning over six…

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Haryana Sets June 30 Deadline for Online Land Sale Actors

Representative Image GURUGRAM: The Haryana government has set June 30, 2026, as the deadline for landowners to join the ongoing e-Bhoomi initiative, through which land is acquired with owner consent for urban, commercial, and institutional development throughout the state. HSVP (Haryana Shahari Awas Pradhikaran) is seeking to procure land to introduce new sectors. Notably, HSVP has not launched any new sectors in Gurgaon in the past 20 years. They have identified 1.7 lakh acres across 71 towns, marking it as one of the largest voluntary land procurement efforts in the state. The initial phase aims to acquire approximately 47,000 acres.…

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Bhubaneswar Body Issues SOP for Land Reconstitution

Representative AI image BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has unveiled a draft Standard Operating Procedure (SOP) for the reconstitution of land parcels under town planning schemes 42 to 45 in Zone IV. BDA officials explained that this initiative aims to create a transparent framework for the fair distribution of reconstituted plots, prioritizing maximum benefits for landowners. “A key element of the draft SOP is the provision for voluntary amalgamation of plots within the same mouza (a designated area under a tehsil). Landowners who combine their holdings will receive 60% of the total land area after a standard 40% deduction.…

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Maharashtra Cabinet Likely to Approve Vertical Property Cards in June

Representative AI image PUNE: A revised proposal for “vertical property cards” aimed at flat owners has been reintroduced to the state government and is anticipated for cabinet review in June, as stated by officials from the settlement commissioner’s office. The proposal, which has lingered for almost four years, has recently been sent to the law and judiciary department with several incorporated modifications. A senior official mentioned, “It should go before the cabinet once the department approves it.” If sanctioned, Maharashtra will be among the select states in India to adopt such a system. The initial rollout will target projects registered…