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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Minister suggests potential third phase for Amaravati land pooling

Representative AI image VIJAYAWADA: Municipal Administration Minister P Narayana announced the continuation of the Land Pooling Scheme (LPS) to facilitate land acquisition for future capital city projects. In a media briefing on Wednesday, he stated that the action plan for the next phase will be disclosed upon the completion of phase-II, which was initiated two days ago. During his address, Narayana confirmed that the government has issued orders for pooling 16,666 acres in phase-II, designated for the railway track, railway station, Inner Ring Road (IRR), and a sports city. He mentioned that additional land might be necessary for the proposed…

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Minister Urges Panchkula Chief to Address Poor Plot Issues

Representative Image PANCHKULA: Haryana’s urban local bodies minister, Vipul Goel, instructed the Panchkula municipal commissioner on Wednesday to promptly address the longstanding issue of allotting 100-yard residential plots to underprivileged families under the Mahatma Gandhi Awas Yojana. He also called for the handover of 24 model houses built in Pinjore under the Adarsh Pradarshan Awas Yojana. These directives were given after a delegation from the Shivalik Vikas Manch met with him and submitted a memorandum. The president of the Manch, Vijay Bansal, reported that the minister urged the commissioner to resolve the matter swiftly. Bansal expressed concern, stating, “Despite the…

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Telangana Raises ₹1,000 Crore from Neopolis Land Auction

Representative AI image HYDERABAD: The Telangana government continues to thrive in land sales, recording approximately Rs 1,000 crore on Wednesday through the third round of auctions conducted by the Hyderabad Metropolitan Development Authority (HMDA), surpassing the Rs 100 crore per acre milestone. In the recent auction, Yula Constructions LLP and Globus Infracon LLP secured a 4-acre plot (No. 19) with a winning bid of Rs 131 crore per acre, while Brigade Enterprises Limited acquired another 4.04-acre plot (No. 20) for Rs 118 crore per acre. Cumulatively, HMDA’s earnings from all three phases of the Kokapet auctions now total Rs 3,708…

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Mahindra Lifespaces to Revamp Matunga Residential Project

Representative AI image NEW DELHI: Mahindra Lifespace Developers (MLDL), part of the Mahindra Group’s real estate and infrastructure development sector, has been appointed as the development partner for a residential redevelopment project in Matunga, Mumbai. The project covers approximately 1.53 acres and boasts a gross development value of around ₹1,010 crore. According to its investor presentation, Mahindra Lifespaces plans to execute a bottom-up strategy that includes several new launches and ongoing projects through FY30. Projected new launches are expected to represent 50–75% of annual execution in the next five years, with an increase from ₹2,804 crore in FY25 to ₹9,500…

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Address Maker Raises ₹200 Crore from AI Growth Partnership

NEW DELHI: Address Maker, based in Bengaluru, has announced a partnership with AI Growth. Under this alliance, AI Growth, via its affiliated companies, will provide a rolling capital framework of ₹200 crore to assist Address Maker in land acquisitions, joint development agreements (JDA), and project financing needs. Khushru Jijina from Address Maker remarked, “Our company has successfully delivered 6.7 million sq ft of residential apartments, villas, commercial spaces, and plotted developments in Bengaluru, with an additional 5.2 million sq ft currently in the pipeline.” Published On Dec 3, 2025 at 10:15 AM IST Join a community of over 2 million…

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Bhasyam Developers Acquires Chennai Plot from Standard Chartered for ₹1,200 Crore

Representative AI image Realty developer Baashyaam Group has successfully purchased the renowned 5.5-acre Standard Chartered Bank property located in Nungambakkam, Chennai, for approximately Rs 1,200 crore. This marks it as the largest recorded land transaction in the city’s recent history, according to insiders involved in the deal. “The centrally positioned land is set to be redeveloped into a luxury residential and retail-focused project, driven by substantial demand, the strategic location, and the size of the property,” mentioned a source. This acquisition is expected to boost Chennai’s luxury housing market, which is facing significant supply constraints as prime land parcels in…

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Panel urges rapid courts for swift insolvency resolutions

The parliamentary standing committee on finance has urged the government to establish special fast-track courts temporarily while also increasing the capacity of the National Company Law Tribunal (NCLT) to address extensive case backlogs and facilitate the rescue of insolvent companies. Led by senior BJP leader Bhartruhari Mahtab, the panel has proposed an advance ruling mechanism akin to that used in the goods and services tax framework. This would provide greater certainty and help prevent disputes after litigation under the Insolvency and Bankruptcy Code (IBC). The committee presented a report titled “Review of Working of Insolvency and Bankruptcy Code and Emerging…

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Co-developers greenlit to revive stalled projects in Greater Noida

Representative AI image NOIDA: The Greater Noida Authority has facilitated the revival of two stalled group housing projects by approving co-developers in accordance with the Uttar Pradesh government’s rehabilitation policy. With these recent approvals, a total of nine stalled projects in Greater Noida can now bring on co-developers. During a recent board meeting, the Authority granted in-principle approval for Birla Estates to join as a co-developer for Nobal Buildtech’s stalled project in Sector 10. Additionally, Floral Homes was approved as a co-developer for the housing project in Sector 1 under Gayatri Hospitality & Realcon. The SWAMIH Investment Fund has pledged…

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Apartment Owners Urge Update to Karnataka Law

BENGALURU: The Bangalore Apartments Federation (BAF), representing over 1,400 Resident Welfare Associations (RWAs), has issued a firm ultimatum to the State Government, demanding the introduction and enactment of the Karnataka Apartment Ownership and Management Act (KAOMA) during the upcoming Belagavi Assembly Session on December 2. BAF advocates for the rights of more than 350,000 households and around 1.5 million residents, stressing the urgent need to update the outdated Karnataka Apartment Ownership Act of 1972. They argue that this update is crucial to mitigate the administrative disarray and legal disputes stemming from unclear ownership and management rights. At a press conference…

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Reforms Boost DDA’s ₹1,500 Crore Plot E-Auction: Delhi Raj Niwas

NEW DELHI: The reforms implemented by Lt Governor V.K. Saxena have significantly increased the revenue of the Delhi Development Authority (DDA). The recent e-auction of plots has yielded bids that exceed the reserve price by more than double, according to a statement from Raj Niwas on Tuesday. The DDA received a total of ₹1,494.67 crore in bids against a reserve price of ₹629.19 crore for 81 plots encompassing residential, commercial, industrial, institutional, and group housing categories, auctioned from November 21 to 27. The industrial sector played a pivotal role, with 41 plots attracting the highest bids of ₹272.39 crore, which…