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

Omaxe Pays Back Over ₹700 Crore Debt to Samman Capital

NEW DELHI: Omaxe Group has successfully repaid over ₹700 crore in debt to Samman Capital (formerly Indiabulls Housing Finance), ahead of schedule, utilizing project cash flows. Mohit Goel, the managing director of Omaxe, stated, “Our balance sheet is now even stronger, positioning us to consistently deliver quality developments and create value for all stakeholders.” The company has also settled loans from the Special Window for Affordable and Mid-Income Housing (SWAMIH) for two of its projects: The Lake in New Chandigarh and Omaxe Shiva, along with Shiva 2 and Shiva 3 in Prayagraj. These projects received last-mile credit facilities totaling ₹168.80…

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Nisus Finance Exits Bengaluru Project with 23% IRR in 2 Years

Nisus Finance, an alternate fund manager and urban infrastructure investment firm, has successfully exited Project High Cliff, a late-stage residential development in Bellandur, Bengaluru. This investment was made through rated, listed non-convertible debentures under its Real Estate Special Opportunities Fund-1 (RESO-1), yielding an Internal Rate of Return (IRR) of 23% over two years. Project High Cliff covers 1.4 acres with a saleable area of approximately 240,000 sq. ft., featuring 196 units in 1, 2, and 3 BHK configurations aimed at affordable and mid-income buyers. “High Cliff exemplifies a special situation where structured capital can create significant value — strong demand…

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Jaipur: JDA Demolishes Building; Owners Claim JMC Approval

JAIPUR: The Jaipur Development Authority (JDA) demolished a six-storey building under construction in Malviya Nagar on Sunday due to a lack of building permission. The owners claimed that the Jaipur Municipal Corporation (JMC) had approved their building plan and other necessary permissions. This incident has highlighted the questionable coordination between the city’s civic bodies, as the owners stated they invested Rs 1.25 lakh to secure the requisite JMC approvals. JDA DIG Rahul Katakey explained that the land belonged to JDA, and the owners did not provide proof of JDA’s sanction. “They only presented us with approval from JMC. The structure…

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Punjab Governor Reviews Key Land and Housing Projects

CHANDIGARH: On Sunday, Punjab Governor and UT Administrator Gulab Chand Kataria visited several project sites in the UT, assessing major housing initiatives, development projects, bulk material locations, and group housing areas. Sites Inspected The governor inspected various locations, including the IT Habitat project in IT Park, Manimajra (pocket 6), Sanjay Colony in Industrial Area Phase-I, the government housing site in Sector 43, and the Chandigarh Housing Board project site in Sector 53. Particular attention was paid to the 70-acre mixed-use development at the Sub-City Centre and the reclaimed Furniture Market land in Sector 54 to ensure proper zoning and future-oriented…

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Bengaluru body suggests strict fines for vacant properties

BENGALURU: The Bangalore Development Authority (BDA) is set to implement a one-time 10% non-construction fine for allottees who fail to build homes within three years of receiving their plots. Officials emphasized that the rule will be strictly enforced, with sale deeds not issued until construction is completed. This initiative primarily targets beneficiaries who have either neglected to build homes or engaged in illegal plot transfers, despite significant increases in land values. Notably, Arkavathy and Nadaprabhu Kempegowda Layout (NPKL) are exempt from this rule due to delays and incomplete infrastructure that hindered construction for allottees. Under the BDA scheme, plots were…

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Center to Resolve Chandigarh’s Policy Issues

CHANDIGARH: Union Home Secretary Govind Mohan will convene a high-level meeting with Chandigarh’s top bureaucrats on Monday to address various longstanding issues that have puzzled the administration for nearly two decades. The meeting aims to tackle problems affecting thousands of residents, including those in urban areas, rehabilitation colonies, and Chandigarh Housing Board (CHB) areas, as well as local businessmen and industrialists. The discussions will align with existing regulations and the Chandigarh Master Plan, 2031 (CMP-2031). Following this meeting, Union Home Minister Amit Shah will engage with UT officials on related topics, with the meeting expected to occur in New Delhi…

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Builders unhappy with Punjab property law changes, citing sales slowdown

BATHINDA: Promoters of housing projects in Punjab are expressing discontent over a recently issued notification under the Punjab Apartment and Property Regulation Act (PAPRA), 1995. They argue that the new regulations will hinder development efforts, consequently affecting the state’s revenue from property transactions. This notification seeks to enhance transparency by prohibiting the partial acquisition of land for projects before development begins. It also imposes strict regulations regarding the collection of external development charges. Prospective buyers, in contrast to realtors, believe that these changes offer them greater choice and transparency, safeguarding them from being overcharged and decreasing price volatility in plot…

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Labour Shortage Stalls Visakhapatnam’s Construction Boom

Representative image VISAKHAPATNAM: Construction activity in Vizag is on the rise, both in public and private sectors. However, builders caution that this growth is being hampered by a shortage of skilled labor. Projects related to smart city upgrades, airport expansions, and housing are progressing, yet contractors report that the lack of trained workers is leading to delays and increased costs. Contractors are struggling to find experienced masons, electricians, and finishing workers. This shortage is extending project timelines and inflating labor costs, particularly impacting small and medium enterprises. National industry assessments pinpoint this lack of skilled labor as a significant challenge…

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Kolhapur: 60K land group numbers from 1,200 villages deemed NA

Representative AI image KOLHAPUR: The district administration’s revenue department has initiated a significant campaign, designating 60,000 group numbers (Gat numbers) across 1,200 villages as ‘deemed non-agricultural’ (NA). Guardian minister Prakash Abitkar stated on Saturday, “This is the first time such a decision has been implemented in Kolhapur, benefiting 3 lakh citizens directly.” This special campaign affects 12 talukas within the district, impacting villages in Hatkanangale (62), Shirol (55), Chandgad (147), Shahuwadi (143), Karveer (126), Panhala (119), Radhanagari (117), Bhudargad (116), Ajra (101), Gadhinglaj (87), Kagal (86), and Gaganbawda (41). This initiative aligns with the state government’s efforts to facilitate development…

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Critics: New Land Registry Rule Favors Big Builders in Rajasthan

Representative AI image JAIPUR: A new land registry rule introduced on Thursday by the urban development and housing (UDH) department has sparked significant backlash. Critics, including UDH officials and lawyers, claim that the regulation primarily favors large builders at the expense of smaller stakeholders and individual landowners. The controversial regulation requires that sale deeds cannot be registered without obtaining land conversion certificates, which change agricultural land into residential or industrial use. According to critics, for many small landowners—especially farmers—gaining these certificates from the Jaipur Development Authority (JDA) or other government agencies is nearly impossible. A senior UDH official remarked, “This…