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

ED Flags Indian Credit Card Transactions for Dubai Real Estate

MUMBAI: As rain dampens Dubai, the property market faces stress, prompting Indian buyers who used credit cards for their purchases in Dubai to receive notices from the Enforcement Directorate (ED). These buyers often used international credit cards (ICCs) during their visits to the Emirates for initial deposits or clicked on developer-sent payment links, likely unaware that they were violating Indian laws. Sources indicate that at least three individuals received notices from the ED in February, inquiring about the source of their funds for these transactions. Credit card transactions are treated as short-term loans, and foreign exchange regulations restrict individuals from…

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Global Investors Target GIFT City Amid West Asia Tensions

MUMBAI: Growing geopolitical tensions in West Asia are leading some global investors and non-resident Indians to reevaluate their concentrated investments in Dubai. This has resulted in increased inquiries about India’s International Financial Services Centre at GIFT City. While Dubai continues to be a major capital hub for wealth management and investments, recent market volatility is prompting a diversification strategy, as investors look for jurisdictions that offer regulatory stability and are closer to growth markets like India. “The geopolitical instability in West Asia is reflected in the rising interest for office space at GIFT City, particularly among institutions and intermediaries who…

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Telangana Revises Building Rules, Boosts TDR Utilization

HYDERABAD: The Telangana government has revised the Building Rules of 2012, enhancing the usage of transferable development rights (TDR) and relaxing current building parameters. These changes are expected to spur real estate activity in Hyderabad and surrounding urban areas, offering builders increased flexibility in their projects. The recent order from the Municipal Administration and Urban Development (MA&UD) department, issued in GO 95 on Saturday, clarifies the definition of high-rise buildings as those reaching 21 meters or more, excluding components like chimneys and water tanks. This adjustment comes following numerous requests to optimize TDR usage and introduce more flexible construction standards.…

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Bhubaneswar: BMC Halts Builder’s Work After Resident Complaints

BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) has ordered a halt to construction activities at a housing project in Nandan Vihar due to multiple complaints from the residents’ welfare association. The residents raised concerns regarding unauthorized expansions, violations of ORERA regulations, and the developer’s neglect of critical infrastructure commitments. BMC officials confirmed that the stop-work order was issued on Friday after a preliminary investigation revealed ongoing construction for the expansion block despite identified violations. A senior official from the BMC stated that inspectors have been tasked with monitoring the site to ensure compliance with the order. “In light of the grievances…

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Lucknow LDA Approves ₹5,148 Crore for Affordable Housing

LUCKNOW: The Lucknow Development Authority (LDA) has approved a budget of ₹5,148 crore for the fiscal year 2026-27, with a key focus on affordable housing, new townships, and enhancing basic infrastructure. This decision was made during the authority’s 187th board meeting, presided over by divisional commissioner Vijay Vishwas Pant. As part of this initiative, ₹200 crore has been allocated for the construction of 848 flats in Sharda Nagar Extension, featuring four 12-story towers with one- and two-bedroom units, and essential amenities such as water supply, electricity, parking, lifts, parks, and recreational areas. Officials indicated that this initiative is in response…

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Goldman Sachs, ICICI Pru MF Acquire DLF Shares Worth ₹231 Cr

On Friday, Goldman Sachs purchased 21.70 lakh shares of DLF worth ₹115 crore through a block deal. ICICI Prudential Mutual Fund also acquired shares in a separate deal, totaling ₹115 crore. The overall transaction value reached ₹231 crore. The shares were acquired at ₹531.7 each, a decrease of 2% from Thursday’s closing price of ₹542.45 on the NSE. As of today, DLF shares settled at ₹540.70, down by ₹1.75 or 0.32%. The sellers in this transaction included Best Investment Corporation and BG WW Asia EX Japan Fund A Sub Fund of Baillie Gifford Worldwide Funds Plc. DLF shares have been…

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Indiabulls, TARC Launch New Project on 2.38 Acres in Gurugram

NEW DELHI: Indiabulls, previously known as Yaari Digital Integrated Services, has established a joint venture with a private land-holding entity to develop a commercial project spanning approximately 2.38 acres in Sector 103, Gurugram, adjacent to the Dwarka Expressway. The joint venture has a projected gross development value of ₹600 crore. The planned development will feature office spaces, retail outlets, food and beverage services, and serviced apartments. In a related announcement, TARC has unveiled a new phase, ‘Ishvara’, at its residential project in Sector 63A, Gurugram, after receiving regulatory clearance for expansion. The latest addition follows the acquisition of an adjacent…

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Homeland Group, VRC Buy Mohali Land for ₹1,000 Crore+

Representative image NEW DELHI: Homeland Group, in collaboration with construction firm VRC, has procured two mixed-use land parcels in Mohali via a Greater Mohali Area Development Authority (GMADA) e-auction, with a total investment exceeding ₹1,000 crore. The larger acquisition involves a 5.5-acre lot near the Chandigarh border, purchased at approximately ₹70 crore per acre, contributing around ₹400 crore to GMADA’s revenue. In another separate acquisition, the developers secured a 13-acre parcel in Sector 62, Mohali, at about ₹47 crore per acre, resulting in a total bid value of over ₹600 crore. Both parcels are slated for development as mixed-use projects…

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Odisha Developers Call for Land Conversion Reform

BHUBANESWAR: Leading real estate developers in Odisha are calling on the state government to reform its land conversion framework, asserting that the current, outdated system causes project delays, increases costs, and hinders urban development, especially as other states modernize their processes. This appeal comes in light of recent policy changes in Maharashtra and Karnataka, where the need for separate non-agricultural (NA) conversion approvals has been eliminated. In Karnataka, for example, land conversion is now automatically approved during the building plan sanctioning phase, while Maharashtra has completely removed NA permission requirements. “In Odisha, the scenario is markedly different,” the developers stated,…

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RIICO Introduces 33-Year Lease with 40% Land Discount

Representative image JAIPUR: Chief Minister Bhajan Lal Sharma has announced that RIICO will permit entrepreneurs to secure plots in 30 identified industrial areas at 60% of current rates, with a lease term of 33 years. This initiative is anticipated to significantly lower the costs of establishing industries. Furthermore, the payment duration under the direct allotment scheme has been extended from three to five years, allowing investors to pay in 19 quarterly installments. To facilitate industrial transactions, the transfer fee for plot sales post-production has been halved from 1% to 0.5%. Additionally, the conversion fee for weighbridge operations has been reduced…