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

Vadodara: Chaos at Town Hall Over PMAY Draw Delay

VADODARA: A significant uproar occurred at the Sir Sayajirao Nagargruh town hall in Akota, Vadodara, on Wednesday as beneficiaries protested the delay in house draws under the Pradhan Mantri Awas Yojana (PMAY). The Vadodara Municipal Corporation (VMC) was set to conduct draws for 2,700 homes under various PMAY schemes. Beneficiaries had been notified of the draw scheduled for Wednesday. However, for unforeseen reasons, the civic body postponed the draws for one day. A senior VMC official stated, “We were cautious and sent two messages to each beneficiary regarding the postponement.” Despite this, numerous beneficiaries gathered at the town hall on…

IndustryLatest Stories

Indirapuram’s Real Estate Soars Amid Poor Civic Infrastructure

GHAZIABAD: A newly launched housing project with a starting price of Rs 5 crore has positioned Indirapuram as a hotspot for premium real estate in NCR. However, residents express their concerns over rising property rates. “It’s disheartening to see so many issues,” lamented a local from Ahimsa Khand 1. “The roads are torn up for drainage work, and clouds of dust linger during peak pollution. Traffic is a nightmare, and there seems to be no police presence to assist. Every day, the township feels less livable,” they added. As a township adjacent to the Delhi-Meerut Expressway, which is favored for…

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Ahmedabad Upgraded to High-Risk Quake Zone; Realty Faces 25% Cost Hike

Representative AI image AHMEDABAD: The Bureau of Indian Standards (BIS) has announced a major revision in the seismic zoning for states across India, elevating Ahmedabad to a higher seismic risk category. The city’s classification has been upgraded from Zone III to Zone IV, a change that will affect the structural design of all new buildings approved after May 2026. Sources indicate that the new classifications will come into effect on May 3, 2026. Structural engineers will need to ensure buildings can withstand stronger earthquake forces, likely leading to an increase in material usage. Industry experts anticipate a 20-25% rise in…

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Mumbai: MHADA Calls for Online Tenders for 16 Plots

Representative AI image MUMBAI: The Mumbai Housing and Area Development Board, part of the Maharashtra Housing And Area Development Authority, has reissued online tenders for 16 amenity plots after the initial bid failed to attract any responses. These plots are situated within various Mhada layouts across Malad-Malvani, Goregaon (Unnat Nagar), Kandivli (Charkop), Vikhroli (Tagore Nagar and Kannamwar Nagar), as well as in Gorai, Akurli, Vinoba Bhave Nagar (Kurla), and Mulund (East). The sizes of the plots vary from 32 sq m to 7,160 sq m. Out of the 21 plots available, six in Malad-Malvani are designated for schools, colleges, hospitals,…

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India’s SM REIT Market to Exceed $75 Billion: CBRE

Illustrative AI image NEW DELHI: The market for India’s small and medium real estate investment trusts (SM REITs) has the potential to surpass USD 75 billion, supported by over 500 million sq ft of qualifying office, logistics, and retail assets, as highlighted in a report by CBRE South Asia. SM REITs, which were introduced under SEBI’s regulatory framework in 2024, facilitate fractional ownership of income-generating properties typically valued between ₹50 crore and ₹500 crore, allowing smaller investors to engage in commercial real estate. CBRE indicates that this segment could enhance the institutional framework for mid-sized assets and promote increased transparency,…

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Greater Noida to Target Builders for Unpaid Rehab Dues

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has appointed Currie and Brown to evaluate builders who have defaulted as it begins to revoke benefits from those violating the stalled-project policy. This initiative aims to revitalize halted real estate projects, with ₹1,382 crore recovered from the total dues of ₹4,749 crore. So far, 17,334 housing units have been registered despite ongoing challenges. Recently, the GNIDA board decided that all benefits under the state’s stalled-project policy will be withdrawn from developers who have neither settled their dues nor engaged with the scheme. Of the 98 projects identified for…

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Maharashtra Assembly Eases Land Subdivision Rules for 3 Crore Residents

NAGPUR: On Tuesday, the Maharashtra Legislative Assembly approved an amendment bill aimed at simplifying the subdivision of small land plots in urban areas. The government claims this legislation will benefit approximately three crore residents. The Maharashtra Land Revenue Code (Second Amendment) Bill, 2025, introduced by Revenue Minister Chandrashekhar Bawankule, was passed following a debate in the lower house. This legislative change is expected to help around 60 lakh families, or about three crore residents, residing on small ‘gunthewari’ plots (unauthorized divisions of agricultural land for residential use) in urban settings. With this amendment, the processes of buying and selling small…

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RMZ Corp Considering $1 Billion IPO

RMZ Corp., one of India’s leading real estate developers, is contemplating an initial public offering (IPO) that could raise up to $1 billion, according to sources familiar with the situation. This move could set the stage for one of the country’s largest real estate listings. The Bengaluru-based firm has initiated preliminary discussions with bankers about the potential listing, as stated by anonymous sources due to the confidential nature of the discussions. The IPO is expected to occur later next year. RMZ has not yet officially appointed advisers, and critical factors such as timing, structure, and overall size of the offering…

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Andhra Pradesh to Regularize ‘Sada Bainama’ Land Deals

Representative AI image VIJAYAWADA: The long-awaited resolution for land rights may soon materialize for millions of farmers in the state. The government has decided to regularize the decades-old ‘Sada Bainama’ agreements and issue land titles to these farmers. Previously, informal handwritten sale agreements known as Sada Bainama were commonly used in rural areas, based on mutual trust. However, land ‘owners’ could not secure title deeds or pattadar passbooks, as revenue and registration departments did not acknowledge their claims in the absence of formal documentation. Revenue Minister Anangani Satya Prasad stated, “The Sada Bainama transactions, which lacked registration, have significantly impacted…

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Larsen & Toubro Unifies Real Estate Division as L&T Realty

NEW DELHI: The board of directors at Larsen & Toubro (L&T) has approved the transfer of its real estate business (Realty BU) to L&T Realty Properties, a fully-owned subsidiary, through a slump sale as part of an arrangement scheme. This initiative initiates a gradual consolidation of L&T’s real estate assets under L&T Realty. N Subrahmanyan, Chairman & Managing Director of L&T, stated, “L&T Realty must operate independently. It needs to consistently grow its project pipeline through proactive land acquisitions and joint ventures. This demands regular capital infusions, making it vital to unify all our real estate operations under one corporate…