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

Gurugram Housing Project License Expires; SU Estates Faces FIR

Representative AI image GURUGRAM: The Department of Town and Country Planning (DTCP) has instructed the police to file an FIR against SU Estates for neglecting to renew its group housing license for a 20-acre project located in Sector 58/63. The license allowed the developer to create a residential group housing colony in Ullahwas as part of the Gurgaon-Manesar Urban Complex. The license, initially issued in 2009, expired in August 2017, yet the developer never submitted a renewal application or the necessary documents according to Rule 13 of the 1976 Urban Areas Rules. A notice issued on October 17 was reportedly…

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Rajasthan Forms Ministerial Committee for Land Allotment Policy 2025

JAIPUR: On Monday, the state government established a six-member cabinet sub-committee to ensure the effective implementation of the Rajasthan Land Allotment Policy-2025, in accordance with provision 7.6 of the policy. The committee consists of Deputy Chief Minister Prem Chand Bairwa, Health Minister Gajendra Singh Khimsar, School Education Minister Madan Dilawar, Social Justice and Empowerment Minister Avinash Gehlot, Revenue Minister Hemant Meena, and Urban Development and Local Self Government Minister of State (independent charge) Jhabar Singh Kharra. The committee will review proposals related to exemptions and relaxations and will present them to Chief Minister Bhajan Lal Sharma along with necessary recommendations.…

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CEO: 50% of GIFT City Land Allotted

Representative AI image AHMEDABAD: The Gujarat International Finance Tec-City (GIFT) has seen significant growth recently due to increasing demand. According to MD and Group CEO Sanjay Kaul, development rights for approximately 29 million square feet, or about 50% of the planned built-up area, have been allocated. Kaul reported that in the last quarter alone, over 100 entities opted to establish their presence at GIFT City, marking the highest quarterly figure to date. “GIFT City is India’s only fully operational smart city and global financial services center. With ongoing policy reforms, it is emerging as a hub for finance, technology, Alternative…

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Chandigarh IT Park Development Project Stalled

CHANDIGARH: The UT urban planning department has declined to approve the Chandigarh Housing Board’s (CHB) proposal for plotted housing development in the Rajiv Gandhi Chandigarh Technology Park (RGCTP). The department referenced the Chandigarh Master Plan (CMP) 2031, which forbids individual plotted development in the city. This decision was shared last week, requiring CHB to reassess its IT Park housing scheme. CHB had put forward a comprehensive proposal intending to replace the previous group housing model with individual plots for sale at the IT Park. However, the urban planning department’s recent communication explicitly stated: “According to the notified Chandigarh Master Plan…

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Noida: YEIDA Notifies 366 Allottees on Registry Delay

Representative AI image NOIDA: In a significant move to address longstanding industrial allotments, the Yamuna Expressway Industrial Development Authority (YEIDA) has issued notices to 366 plot allottees, requiring them to complete their lease deeds within 10 days or face cancellation. According to officials, allottees were previously provided a checklist of required documents for lease deed execution. However, many have failed to complete the registration process despite multiple reminders. Incomplete registrations have delayed the possession of industrial plots throughout Yamuna City, hindering manufacturing efforts in a region where the state government is actively promoting industrial growth. “Executing the registry is crucial;…

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Pune Civic Body Hits Revenue Loss as State Halts Tax Recovery

PUNE: The civic body that faced revenue losses in the 2024-25 fiscal owing to ongoing legal disputes regarding property tax in merged areas might encounter the same challenges in the 2025-26 financial year, as the state government maintains its ban on tax recovery. In 2024, the state mandated a halt to property tax collection from merged regions and ordered the Pune Municipal Corporation (PMC) to limit property tax to no more than twice the rates previously set by the grampanchayats, following complaints from residents of the newly integrated areas about high civic taxes. The absence of specific regulations within the…

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County Group Buys 5 Acres in Noida’s Sector 151 for ₹473 Cr

NEW DELHI: The NCR-based County Group has acquired a five-acre land parcel in Sector 151, Noida, for approximately ₹473 crore. This land was obtained through an auction organized by the state government. The company intends to develop a low-density project featuring only 226 residential units, distributed across three apartment sizes, totaling an area of 1.1 million sq ft. Published On Nov 24, 2025 at 12:00 PM IST Join over 2M industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox. Get all the ETRealty industry updates right on your smartphone!

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Tishman Speyer, Axis CRE Partner with Kasturi for ₹1,700 Cr Pune Project

Global real estate investment, development, and management firm Tishman Speyer, along with Axis Commercial Real Estate Fund, has formed a strategic alliance with Kasturi Housing to launch a commercial and IT office project valued at ₹1,700 crore in Pune’s Balewadi region. This collaboration will yield approximately 1 million sq ft of premium office space, with Tishman and Axis holding a joint 50% stake while Kasturi Housing retains the rest. “Our partnership with Kasturi Housing and Axis AMC marks a significant expansion in India,” stated Parvesh Sharma, MD & country head of Tishman Speyer India. “The Pune project is a crucial…

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Karnataka allows registrars to eliminate fake registrations

BENGALURU: The state government has introduced draft rules aimed at combating fraud in property registration, empowering district registrars to cancel registrations made with forged or illegal documents without requiring court intervention. This marks a significant change in the state’s registration process. On Friday, the Karnataka Registration (Refusal and Cancellation of Registered Documents) Rules 2025 were unveiled, inviting public feedback for 15 days before their finalization. These provisions aim to address persistent loopholes in the document registration system. According to the draft rules, a district registrar can annul fraudulent registrations either independently or upon receiving a complaint. Affected individuals have three…

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ATS HomeKraft repays ₹1,250 crore to HDFC Capital Fund

NEW DELHI: ATS HomeKraft has successfully repaid ₹1,250 crore to HDFC Capital Affordable Real Estate Fund–2 (HCARE-2). This repayment was made using internal cash flows from the HCARE-2 portfolio projects. The HCARE-2 portfolio with ATS HomeKraft included over 7,500 housing units, with total sales estimated at around ₹8,000 crore. Vipul Roongta, CEO and MD of HDFC Capital, stated, “Many projects in the portfolio have experienced price increases of nearly three times in 4–5 years, indicating strong demand for quality mid-income housing.” The company has also recently prepaid ₹190 crore to the SWAMIH Investment Fund I for its ATS Marigold project…