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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Embassy Developments Resumes Trading After NCLAT Ruling

NEW DELHI: Shares of Embassy Developments have resumed regular trading on the BSE and NSE after the National Company Law Appellate Tribunal (NCLAT) revoked the insolvency proceedings against the company. The appellate tribunal’s decision, made on May 4, 2026, nullifies the Corporate Insolvency Resolution Process (CIRP) previously initiated by the National Company Law Tribunal (NCLT) in December 2025. Consequently, all instructions associated with the CIRP are now void. Embassy Developments stated that its business operations and project execution continued without disruption during this time. The company reported pre-sales of approximately ₹4,631 crore for FY26, reflecting a 128% year-over-year growth. In…

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Pune to Reclaim 15 Plots Over Lease Violations

PUNE: A recent survey of government land leased on a long-term basis in the district uncovered 240 violations across 2,161 parcels. The administration is set to take action to reclaim these lands due to violations, as stated by Pune collector Jitendra Dudi on Tuesday. “Orders have already been issued to reclaim land from lease holders for 15 parcels,” said Dudi. The identified violations consist of non-renewal of leases, unauthorized changes in land use, occupation beyond approved limits, illegal constructions, sub-letting for profit, and failure to utilize the land within specified time frames. Officials noted that most violations were found in…

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Raymond Realty Reports ₹304.59 Crore Net Profit for FY26

NEW DELHI: Raymond Realty reported a consolidated net profit after tax of ₹304.59 crore for the financial year 2025-26, according to a BSE filing. The company’s consolidated total income reached ₹3,039.42 crore in FY26. In Q4 FY26, the net consolidated total income was ₹1,176.80 crore, with a profit after tax of ₹161.12 crore. Harmohan Sahni, Managing Director & CEO, stated, “FY26 represents a pivotal chapter for us, transitioning from robust planning to scaled execution. The ₹1,519 crore in pre-sales this quarter validates our strategic adaptability and ability to unlock value across various micro-markets through the JDA model.” The board of…

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India’s Q1 2026 Real Estate Equity Inflows Hit $30.7B, Up 88%

NEW DELHI: India’s real estate sector has witnessed equity inflows of $30.7 billion from 2024 to the first quarter of 2026, marking an 88% rise from $16.3 billion in 2022-2023, as per a report by CBRE South Asia. Land and development properties, along with existing office assets, comprised over 75% of the total capital influx during this timeframe. Institutional investors accounted for around 30% of the investments, significantly increasing their capital deployment compared to the previous two years, primarily targeting office, retail, and logistics assets. The report further indicated that approximately 6,025 acres of land were secured for greenfield projects…

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Telangana to Assume ₹5,000 Crore GHMC Debt

HYDERABAD: In a significant relief for the Greater Hyderabad Municipal Corporation (GHMC), which has struggled with debts for years, the state government has agreed to assume liabilities totaling Rs 5,000 crore. This decision is anticipated to strengthen the debt-laden municipal corporation financially. Most of these liabilities resulted from projects including flyovers under the Strategic Road Development Programme (SRDP), the Comprehensive Road Maintenance Programme (CRMP), stormwater drainage improvements, and various urban development initiatives. “After assessing the existing debts, liabilities, and assets, it was recommended that the state government take on these long-standing financial commitments. This initiative is aimed at relieving the…

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Chandigarh Administration Denies CLU, Industrial Plot Conversion

CHANDIGARH: Despite the Chandigarh administration’s ambitious reform plans, several longstanding demands—such as allowing the conversion of industrial plots to retail commercial use and permitting change of land use (CLU) in villages—are not included in the proposed reforms. “There is a consensus within the administration that issues like change of land use and conversion in the Industrial Area are currently unfeasible. Hence, they will not be part of this reform agenda,” stated a senior UT official. Officials highlighted that both demands pose implementation challenges. “Chandigarh’s villages lack large contiguous land parcels necessary for CLU-based development. A cost-benefit analysis indicates that infrastructure…

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ACB Investigates 2,600 Illegal Colonies in Haryana

CHANDIGARH: Officials from various departments, including urban local bodies (ULB), town and country planning (TCP), and district revenue offices, are under scrutiny as the Haryana State Vigilance and Anti-Corruption Bureau (HSVACB) conducts an extensive investigation into the rise of unauthorized colonies throughout the state. The bureau is examining approximately 2,600 illegal colonies believed to have been established in violation of several laws and regulatory guidelines set forth by the TCP and ULB departments. Sources indicate that the departments involved are likely to take action against officials and private individuals identified in the probe, which is supported by substantial documentary evidence…

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Sobha Announces FY26 Net Profit of ₹193.40 Crore

NEW DELHI: Sobha has announced a remarkable net consolidated profit growth of 104.27% for the financial year 2025-26. The profit after tax reached ₹193.40 crore in FY26, compared to ₹94.68 crore in FY25, according to a filing with the BSE. The company’s net consolidated total income for FY26 was ₹5,383.76 crore, representing a 29.33% increase from ₹4,162.75 crore in FY25. In Q4 FY26, net consolidated total income surged by 59.74% to ₹2,029.92 crore, up from ₹1,270.73 crore in the same quarter of the previous year. Profit after tax in this quarter rose by 124.80% to ₹91.83 crore, compared to ₹40.85…

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Almost half of Bhubaneswar’s building violation cases pending

BHUBANESWAR: Approximately 50% of the 9,500 building plan violation cases under the Odisha Development Authority Act of 1982 are still unresolved across the city’s three zones. Bhubaneswar Municipal Corporation (BMC) officials indicated that these violations primarily involve construction without obtaining the necessary plan approval, not adhering to sanctioned building plans, encroachments, unauthorized extensions, and other structural deviations. Authorities noted that ODA cases are initiated either based on public complaints, during enforcement drives, or through random inspections conducted by the corporation. To expedite case resolutions, the pending cases are now allocated to the three zonal offices according to the location of…

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Godrej Properties’ FY26 Net Profit Soars 32.49%

NEW DELHI: Godrej Properties (GPL) has announced a significant net consolidated profit increase of 32.49% for the financial year 2025-26, totaling ₹1,840.66 crore, compared to ₹1,389.23 crore in FY25, as reported in a BSE filing. The company’s total consolidated income rose to ₹8,410.88 crore in FY26, reflecting a growth of 20.72% from ₹6,967.05 crore in FY25. In Q4 FY26, net consolidated income surged by 41.98% to ₹3,806.65 crore, up from ₹2,681.06 crore in the same quarter last year. The profit after tax in that quarter rose by 70.55%, reaching ₹645.44 crore compared to ₹378.44 crore in the previous year. Pirojsha…