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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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…

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Ahmedabad builder invests ₹103.5 crore for FSI in Thaltej highrise

This week marked a significant step in the city’s vertical living initiative, with a builder paying Rs 103.50 crore to the AMC for additional FSI to develop a 38-storey residential project located near Gulmohar Party Plot on Hebatpur Road in Thaltej. This payment sets a new record for the highest chargeable FSI amount approved for a single project, indicating a rising demand for luxury high-rise housing. Civic officials attribute this increase to higher jantri rates and more flexible tall-building regulations. The town development department of AMC has recently approved the construction plans. Spanning an area of 9,958 sq meters, the…

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Noida Authority to Create Database of Illegal Buildings

NOIDA: The Noida Authority is creating an online database to record illegal constructions, providing current statuses, photographs, and authorized land uses. A second database will monitor demolitions, designating reclaimed land as owned by the Authority. This initiative aims to prevent fraud in land and property transactions. As of January 2024, Noida has reclaimed 2.3 million sqm of encroached land valued at over Rs 2,200 crore. Officials stated that identified land mafias will be publicly named, with action reports shared with the police commissioner for prompt enforcement. Warning boards are being placed on reclaimed plots, clearly indicating that the land belongs…

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Maharashtra Considers Policy for Converting Freehold Plots in Nagpur

Representative Image NAGPUR: Minister of State (In-charge) Shambhuraj Desai emphasized the need for a distinct policy to convert numerous plots leased before the establishment of the Nagpur Municipal Corporation into freehold titles. He mentioned that the Nagpur situation could affect similar plots in other cities across Maharashtra, and a decision will follow a departmental meeting. The topic was raised by Nagpur MLAs Pravin Datke and Mohan Mate. Datke reported that Nagpur has about 9,000 plots across 22 town planning schemes, with 61,827 plots under the Nagpur Improvement Trust (NIT) proposed for freehold conversion, a proposal already sent to the State…

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Panel formed to investigate EWS, LIG flat delays in Ghaziabad

GHAZIABAD: A six-member committee has been established to investigate delays in allotting residential units in the EWS and LIG categories by private developers. This action comes in response to complaints regarding developers’ procrastination in handing over possession to beneficiaries. “It is mandatory for group housing developers to allocate 10% of total flats for the EWS and another 10% for the LIG category. We have been instructed to compile reports on the number of flats constructed by developers in these categories as well as those that remain undelivered,” an official from GDA stated. “The committee will produce a detailed zone-wise report…

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No Permit Fee for Small Plots in Uttar Pradesh

LUCKNOW: The state government has announced a significant change regarding building permits. Residential plots measuring up to 1,076 square feet are now exempt from building permit fees. This amendment to the building byelaws aims to relieve property owners and small shopkeepers from paying building permit and inspection fees for residential plots under 100 square meters (1,076 sqft) and commercial plots under 30 square meters (323 sqft). On December 3, the housing department revised the UP urban planning and development fee regulations, instructing the 29 housing development authorities to implement the new rules for regulating construction activities. Previously, property owners were…

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Lucknow to Auction Plots in Gomtinagar Extension Scheme

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) has finalized plot prices and approved the layout for a new commercial and group housing development in the Gomtinagar Extension Scheme. These prime plots will be available in the upcoming e-auction, which will include commercial complexes at 1090 Chauraha, a hospital site, and multiple group housing plots. The e-auction portal will be open starting December 15, and interested participants can register on the LDA website. LDA Vice-Chairperson Prathamesh Kumar announced that in Sector-7 of Gomtinagar Extension, 43 acres behind the Police Headquarters have been designated for 11 group housing plots and…

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PFRDA Simplifies Investment Rules for REITs and InvITs

Representative AI image NEW DELHI: The Pension Fund Regulatory and Development Authority (PFRDA) has clarified the framework for National Pension System (NPS) funds to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) through a revised master circular on investment guidelines issued on December 10, 2025. PFRDA has established new exposure limits to govern this investment. Combined investments in REIT and InvIT debt instruments and units must not exceed 3% of a pension fund’s total assets under management. Furthermore, pension funds cannot hold more than 15% of the outstanding debt instruments from a single REIT or InvIT,…

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Ashiana Housing MD Elected President of CREDAI-NCR

NEW DELHI: Vishal Gupta, managing director of Ashiana Housing, has been elected as the new president of the National Capital Region chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI-NCR). On Friday, CREDAI-NCR announced its newly formed Executive Committee (EC) and Governing Council (GC). Alongside Vishal Gupta as president, the vice-presidents include Anil Kumar Gupta, Dinesh Gupta, Gaurav Gupta, Manish Agarwal, and Vineet Kanwar. Nikhil Hawelia has been designated as the secretary, while Arpit Goel takes on the role of joint secretary. Gupta expressed his commitment, stating, “Our Governing Board aims to work with renewed enthusiasm, ensuring…

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Ghaziabad body granted power to alter land use for townships

Representative AI image GHAZIABAD: The GDA Board now holds the authority to change land use from agricultural to residential for townships developed under the CM Urban Expansion New City Promotion Scheme, a power that was previously with the state government. This modification will enable the GDA to address delays or disputes related to land-use issues in its projects, particularly in the Harnandipuram township, where over 80% of the 501 hectares proposed for acquisition is currently agricultural land. “Change of land use (CLU) is a long and complex process requiring state government approval, which can take months. In 2023, the state…