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

Haryana’s New Policy Boosts Senior Living Developer Interest

NEW DELHI: Numerous developers are delving into senior living projects in Gurgaon, Faridabad, Panchkula, and various key markets in Haryana following an amendment by the state cabinet to the retirement housing policy. This change allows for an increase in permissible floor area ratio (FAR) to 3 via transferable development rights (TDR). This development empowers builders to create more units, thereby enhancing project viability. “This amendment is timely. In Gurugram, there’s a noticeable shift where families are viewing senior living as a conscious, planned choice rather than merely a fallback option,” stated Rishabh Periwal, Senior Vice President at Pioneer Urban Land…

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Telangana Fire Dept Meets Builders on Fire Services Act Changes

HYDERABAD: On Friday, state fire department officials convened a consultative meeting with members of the builders and developers association to discuss proposed amendments to the Telangana Fire Services Act of 1999. The proposed amendments aim to modernize regulations to address urban infrastructure risks, improve safety standards, and enhance enforcement powers. Once finalized, these changes will allow fire department regulations to cover buildings under 15 metres high, as most fire incidents occur in these smaller, often crowded structures. The meeting was held at the fire department’s headquarters in Nanakramguda and included representatives from the Confederation of Real Estate Developers’ Associations of…

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PropShare Celestia Units Drop Over 1% on Trading Debut

NEW DELHI: PropShare Celestia’s units concluded their first trading day over 1% lower on Friday. The units commenced trading at ₹9,99,900.01, reflecting a 4.77% drop from the issue price of ₹10,50,000 per unit listed on the BSE. They eventually settled at ₹10,35,000, down by 1.42%. The market valuation of the company is now at ₹241.16 crore. On the final day of the subscription last Thursday, PropShare Celestia’s initial public offering (IPO) received a subscription rate of 1.33 times. This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust. The ₹244-crore issue…

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Lodha Developers’ Net Profit Grows 24% in FY26

NEW DELHI: Lodha Developers reported a 24% increase in its net consolidated profit for the financial year 2025-26, with a profit after tax (PAT) of ₹3,430.7 crore, up from ₹2,766.6 crore in FY25, according to their BSE filing. The total net consolidated income for the company reached ₹17,119.5 crore in FY26, representing a 20.82% increase from ₹14,169.8 crore in FY25. The board of directors proposed a final dividend of ₹4.25 per equity share of ₹10 for the fiscal year ending March 31, 2026. Additionally, the board approved the reappointment of Lee Polisano as an independent director for a five-year term…

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Unitech Nominee Director Uma Shankar Resigns

NEW DELHI: Realty company Unitech Ltd announced on Friday that its nominee director, Uma Shankar, has resigned for personal reasons. According to a regulatory filing, Unitech stated that Shankar, a Non-Executive nominee director, “resigned from the board of the company effective March 7, 2026.” The company expressed regret for the delayed notice of her resignation to the stock exchanges, attributing this to an “unintentional oversight.” The Supreme Court directed the Union government on December 18, 2019, to establish an independent management for Unitech Ltd. In compliance, the Ministry of Corporate Affairs proposed a new board of directors, which the apex…

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Belagavi Civic Body’s Illegal Construction Crackdown Raises Accountability

BELAGAVI: On Thursday, the Belagavi City Corporation (BCC) ramped up its efforts against illegal constructions, initiating a partial demolition of a four-storey building in the bustling Maruti Galli area. The operation, carried out with JCB machinery, signifies a notable intensification in the enforcement of regulations against unauthorized structures in the city. The demolition captured significant public interest, drawing large crowds as sections of the building were dismantled. While many locals applauded the enforcement as a necessary assertion of civic oversight, it has also sparked controversy and raised concerns regarding governance, due process, and accountability within the urban local body. A…

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Osman Nagar Land Auction in Hyderabad Sells for ₹51 Crore/Acre

Representative Image HYDERABAD: Osman Nagar near Tellapur has become Hyderabad’s latest real estate hotspot, with the first land auctions in the area yielding impressive bids. An acre of land sold for Rs 51.25 crore, which is nearly 30% above the reserve price of Rs 39 crore. The Telangana Industrial Infrastructure Corporation (TGIIC) generated Rs 768 crore from the auction of two prime land parcels, indicating a strong demand for strategically located urban land. Leading developer Rajapushpa acquired a 10.09-acre parcel for Rs 51.25 crore per acre, while Brigade Group bought another 5.72-acre parcel at Rs 44 crore per acre. TGIIC…

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42 Ghaziabad Buildings, Including Hospitals, Violate Fire Safety

GHAZIABAD: The fire department has identified 42 buildings, which include residences, hospitals, and hotels, as ‘unsafe’ for failing to meet fire safety regulations. Following inspections between 2017 and 2026, the department discovered that approximately 51 buildings were non-compliant with safety standards. A report was submitted to the district court, leading to legal proceedings against these establishments. To date, only nine have upgraded their fire safety systems, which the fire department has approved. Chief Fire Officer (CFO) Rahul Pal stated that regular inspections are conducted to ensure compliance. “When irregularities are detected, we issue notices and provide a stipulated timeframe for…

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Delhi to Launch Smart Cards and Cess Portal for Builders

Representative AI image NEW DELHI: The Delhi government is set to improve the registration process for construction workers and enhance the delivery of welfare schemes through a chip-enabled smart card, officials announced on Thursday. Additionally, a dedicated portal will be established to boost cess collection from builders and construction firms. This fund will support various welfare initiatives for construction workers. The Delhi Building and Other Construction Workers’ Welfare Board (DBOCWWB) is in the process of selecting an agency to design, implement, and manage an integrated digital platform, officials stated. This platform will include a cess management portal alongside a network…

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Birla Estates Achieves ₹8,136 Crore in FY26 Bookings

NEW DELHI: Birla Estates, a wholly-owned unit of Aditya Birla Real Estate, has reported a booking value of ₹8,136 crore for FY2025-26, marking a 23.5% increase in collections year-over-year. The National Capital Region (NCR) was the top contributor to the company’s sales, with Bengaluru following as the second-largest market. The Mumbai Metropolitan Region (MMR) also experienced growth, with new projects launched in Thane and a new redevelopment initiative in Khar West. In Pune, new launches fueled growth, benefiting from consistent demand in residential projects. During FY26, the company introduced eight projects across four regions. Published On Apr 23, 2026 at…