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

M3M India invests ₹14,500 crore for 45 million sq ft project

Sure! Here’s a rewritten version of the content: NEW DELHI: M3M India has announced an investment of approximately ₹14,500 crore to support the development of its portfolio exceeding 45 million sq ft currently under construction, as stated in a recent media release. The company’s developments will be financed through internal resources and working capital, proudly maintaining a debt-free balance sheet. M3M has earmarked 7.8 million sq ft for completion by FY27, focusing on premium residential and mixed-use commercial projects. Residential properties comprise 5.8 million sq ft, of which M3M Capital 113 accounts for 3.2 million sq ft and M3M Antalya…

IndustryLatest Stories

Mahagun Group Gets ₹225 Crore Funding from CSL Finance

Representative AI image NEW DELHI: Mahagun Group has secured ₹225 crore in funding from CSL Finance to enhance project execution across its portfolio. The company recently concluded ₹650 crore in debt for the Mahagun Medalleo project, repaying ₹310 crore in principal and about ₹340 crore in interest. This new capital infusion will allow the company to accelerate construction and ensure timely delivery. Published On Apr 1, 2026 at 02:30 PM IST Join over 2 million industry professionals. Subscribe to our Newsletter for the latest insights & analysis delivered to your inbox. Access ETRealty industry updates directly on your smartphone!

IndustryLatest Stories

Haryana Updates Collector Rates with Data-Driven Approach

CHANDIGARH: The Haryana government has updated the collector rates throughout the state using a transparent, data-driven approach that reflects current market values, according to an official spokesperson on Tuesday. The revision is based on an analysis of the top 50% of property registrations in each segment where transaction values exceeded existing collector rates, ensuring alignment with market trends. No increases have been made in segments where transaction values rose by up to 20% above the current rates. For other segments, rate adjustments have been applied in increments as follows: 15% for a 20-35% variation, 25% for 35-70%, 30% for 70-100%,…

IndustryLatest Stories

Punjab govt. unveils industrial reforms, eases lease conversion rules

Representative AI image CHANDIGARH: The Punjab government has approved significant industrial reforms, including amendments to facilitate the conversion of leasehold industrial plots and sheds into freehold status, as announced by Cabinet Minister Sanjeev Arora on Tuesday. Arora, responsible for industries, commerce, investment promotion, power, and local government portfolios, noted that the cabinet has also sanctioned the rationalization of post-allotment services for freehold plot holders. The reforms, developed through collaboration with industry stakeholders, are intended to enhance the ease of doing business and foster a transparent and investor-friendly industrial environment. The conversion fee has been set at 5%, with a full…

IndustryLatest Stories

Maharashtra Maintains Reckoner Rates for FY27

File Photo NEW DELHI: The Maharashtra government has decided to keep the ready reckoner (RR) rates unchanged for the financial year 2026-27. The Inspector General of Registration and Controller of Stamps announced that the rates, effective from April 1, 2026, will remain at FY26 levels. Revenue Minister Chandrashekhar Bawankule explained that this decision aims to alleviate any additional financial burden on citizens during property transactions. Sukhraj Nahar, President of CREDAI-MCHI, stated, “By not increasing RR rates, the government has ensured vital stability in the real estate sector, preserving project viability and avoiding hikes in statutory premiums and related costs linked…

IndustryLatest Stories

Oberoi Realty to Redevelop 1,740 Sq Meters in Mumbai

Representative image NEW DELHI: Oberoi Realty has initiated a development agreement for the redevelopment of a 1,740 sq meter plot located at Malabar Hill, Mumbai. This land will be developed in conjunction with nearby societies under a cluster development scheme, with the company anticipating a free sale component entitlement of up to 51,000 sq ft from this site. The company had previously signed a development agreement with two neighboring housing societies on M.L. Dahanukar Marg and Dr. G. Deshmukh Marg at Peddar Road, covering a total land area of 4,800 sq meters. From this project, the company forecasts a free…

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NDMC Tax Reform Could Slash Property Tax by 50% in Delhi

NEW DELHI: The New Delhi Municipal Council (NDMC) announced on Monday that implementing the Unit Area Method (UAM) could lower property taxes by 30 to 50%, particularly benefiting older, self-occupied properties. This initiative is part of key amendments in the Jan Vishwas (Amendment of Provisions) Bill, 2026, introduced by Minister of State for Commerce and Industry Jitin Prasada in the Lok Sabha on Friday. The bill seeks to amend several provisions of the Delhi Municipal Corporation Act, 1957. NDMC Vice-Chairperson Kuljeet Singh Chahal emphasized that UAM could provide significant relief for older properties and allow for separate assessments of different…

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Fire Safety Essential in Building Code: BIS Panel

NEW DELHI: In light of recent fatal building fires in Delhi, Odisha, and Goa, a technical committee from the Bureau of Indian Standards (BIS) has opposed the Cabinet Secretariat’s deregulation cell’s proposal to remove “fire safety” provisions from the National Building Code (NBC). The committee, however, has accepted various other recommendations, including omitting certain administrative and development control norms. The deregulation cell suggested that different parts of the NBC, including fire safety regulations, should be simplified into handbooks and removed from the official code. This marks the second time the Cabinet Secretariat has requested alterations to BIS regulations, following a…

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Lok Sabha Approves Insolvency Law Amendments to Boost Stakeholder Value

NEW DELHI: The Lok Sabha has passed a bill amending the insolvency law to introduce strict timelines, an out-of-court settlement option, and a framework for cross-border insolvency processes. Presenting the bill, Finance and Corporate Affairs Minister Nirmala Sitharaman stated that the amendments to the Insolvency and Bankruptcy Code (IBC), which took effect in 2016, aim to maximize stakeholder value and enhance the governing process. The amendments are intended to bolster the existing insolvency framework while tackling practical challenges and integrating global best practices, which, according to the minister, have significantly improved the health of the banking sector. The Lower House…

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Vedanta Challenges Adani’s ₹14,535-Crore Jaiprakash Bid in SC

NEW DELHI: Mining giant Vedanta Ltd has filed an appeal in the Supreme Court seeking to stay the NCLT’s approval of Adani Group’s ₹14,535 crore bid for Jaiprakash Associates Ltd (JAL). The appeal was submitted on March 25, following the National Company Law Appellate Tribunal’s (NCLAT) refusal to stay the plan’s implementation. Adani Enterprises Ltd has also filed a caveat with the Supreme Court, requesting an opportunity to be heard before any decision is made regarding Vedanta’s petition. On March 24, the insolvency appellate tribunal denied an interim stay on Vedanta’s plea against the NCLT ruling that approved Adani’s bid…