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

Mumbai Bungalow Sold for ₹164 Crore for Redevelopment

Representative AI image MUMBAI: A historic standalone bungalow in Mumbai’s Bandra-Khar-Santacruz area is set for redevelopment, with a prominent property in Santacruz West selling for ₹164 crore. This transaction adds to the growing trend of vintage homes in the western suburbs being acquired for high-end residential projects. The property, known as Dwarka Bungalow on Linking Road, covers 13,629 sq ft and features a ground-plus-one structure alongside a garage and ancillary sheds. The buyer, ZYJ Estates LLP, has paid a stamp duty exceeding ₹9.84 crore for the transaction, which took place on November 17, according to documents accessed via Zapkey.com. Such…

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BMC to Auction Six-Acre Century Mill Land in Worli, Mumbai

Representative AI image MUMBAI: Nearly a year after the Supreme Court overturned a March 2022 Bombay High Court decision, ruling that almost six acres of Century Cotton Textile Mill land in Worli belong wholly to the BMC, the civic body is now looking to monetize the property. The BMC has issued a tender to auction the land for a 30-year lease, which can be renewed for an additional 30 years via private participation. The starting bid is set at Rs 1,348 crore, and development will adhere to the Development Control & Promotion Regulations (DCPR-2034) guidelines. “The base price reflects the…

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Satya, Maple Group to Invest ₹1,600 Crore in Dwarka Project

NEW DELHI: The Satya Group and Maple Group have made a ₹1,600 crore investment to launch Levante Residences, a high-rise residential project located in Sector 104, Gurugram, adjacent to the Dwarka Expressway. This project will encompass five acres and consist of three towers, each with 47 floors, offering a total of 488 units. Apartment options include 3BHK, 4BHK, and 5BHK configurations, with prices starting at ₹2.96 crore. Construction is anticipated to begin in January 2026, with completion projected for 2030. The funding for this investment will be secured through promoter equity, ASK Fund, and internal cash flows, with expected sales…

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Bhumika Group to invest ₹700 crore in Faridabad project

NEW DELHI: Bhumika Group has unveiled a mixed-use project named The Icon in Faridabad, with a substantial investment of ₹700 crore and an anticipated sales revenue of around ₹1,500 crore. The development will consist of 88 upscale low-density residential units in 3BHK + study configurations, as well as staff accommodation. The overall construction phase is projected to last four years and three months, with all 88 residential units included in the initial launch. Phase II will introduce a hotel tower with suites. Residential units are priced at ₹15,500 per sq. ft., and retail spaces are available for lease at ₹200–250…

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BNW Developments, Enlightened Minds Launch $27M UAE Fund

NEW DELHI: BNW Developments and Enlightened Minds Investments have partnered as co-general partners to launch the BNW Real Estate Fund, achieving capital commitments of USD 27 million. This fund aims to support real estate development in the UAE. The investments will focus on three primary areas: land acquisition, completion financing for advanced projects, and the development of branded, purpose-built real estate assets. The fund anticipates an 18% annual return, with 8% distributed yearly and the remainder expected upon exit. Published On Dec 11, 2025 at 01:30 PM IST Join over 2 million industry professionals. Subscribe to our newsletter for the…

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Ekta World Pays Back ₹170 Crore to ICICI Bank

NEW DELHI: Ekta World has successfully repaid ₹170 crore to ICICI Bank through scheduled repayments, supported entirely by sales and collections from its Ekta Tripolis development. The project, which features three towers and over 600 units, is now complete, with possession already handed over to 503 families. This repayment has effectively reduced the group’s overall debt. In the past year, the company has successfully closed two residential and two commercial redevelopment projects in Bandra, Khar, and Santacruz, while continuing to focus on assets valued above $1 million. Published On Dec 11, 2025 at 03:30 PM IST Join a community of…

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Quicker Mill Land Redevelopment in Mumbai: Maharashtra’s New Rules

AI Representation Image NAGPUR: Maharashtra’s Deputy Chief Minister Eknath Shinde announced on Thursday that the redevelopment of aging structures on Mumbai’s mill lands will be accelerated, following government approval of a proposal to amend the development regulations. During a legislative assembly session, Shinde, who oversees urban development, pointed out that the current regulations lack an additional incentive in Floor Space Index (FSI) for builders to engage in redevelopment projects. “Many residential buildings and chawls (tenements) in these areas are deteriorating and pose safety risks. Therefore, the government has opted to amend the rules to foster redevelopment. A proposed amendment under…

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Sebi Expands Strategic Investor Definition for REITs, InvITs

NEW DELHI: The Securities and Exchange Board of India (Sebi) has expanded the definition of “strategic investor” for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), aiming to enhance investor participation in their public offerings. This revised criteria will facilitate capital attraction for these trusts, promote flexibility, and overall ease of business operations. Sebi identified that the previous definition of strategic investor was too limited, excluding significant institutional investors like pension funds, provident funds, and insurance funds. While these entities are active in REITs and InvITs due to their interest in long-term, stable income-generating assets, they were not…

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Bihar Launches Program to Resolve Land Disputes

PATNA: On Wednesday, Revenue and Land Reforms Minister Vijay Kumar Sinha announced the launch of a new initiative titled ‘Bhumi Sudhar Samvad’ (Land Reforms Dialogue) on December 12. This program aims to assist citizens in resolving land-related issues and updating their documents. A dedicated team named ‘Udan Dasta’ will be established to oversee and prevent land fraud. Sinha noted that the department has received approximately 46 lakh applications concerning land disputes, with nearly 12 lakh already resolved and documented on the portal. “The government is committed to addressing land disputes at the grassroots level while ensuring transparency,” he stated. During…

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Kochi: Nodal Officer Appointed for Infopark Phase III Land Pooling

Representative AI image KOCHI: The government has appointed Shaji V Nair, the current CEO of Cochin Smart Mission Ltd, as the nodal officer for the land pooling process of the Infopark Phase III project. This project covers approximately 500 acres and is anticipated to accelerate the land pooling procedures. Previously, the Greater Cochin Development Authority (GCDA) requested the government to appoint a nodal officer for the land pooling initiative. The authority has already identified specific land parcels designated for pooling for the proposed Phase III campus, with around 300 acres in the Kizhakkambalam panchayat earmarked for the integrated IT township.…