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

Godrej Properties buys 20-acre site in Bengaluru

NEW DELHI: Godrej Properties (GPL) has completed the acquisition of a 20-acre land parcel in East Bengaluru, as reported in a filing to the BSE. The company intends to develop a premium residential project on this site, with an estimated revenue potential of around ₹1,350 crore. Additionally, GPL has recently acquired a 44-acre land parcel in Coimbatore through an outright purchase, aiming to develop a premium plotted residential project with a developable area of 1.1 million sq ft and an estimated revenue potential of ₹450 crore. This marks GPL’s entry into the Coimbatore market. Published on Mar 18, 2026 at…

IndustryLatest Stories

Gulshan Group to invest ₹3,300 crore in five NCR projects

Representative AI image NEW DELHI: Gulshan Group is set to invest approximately ₹3,300 crore in five projects across the National Capital Region (NCR) during the financial year 2026-27, aiming to enhance its footprint in both luxury and mid-income housing segments. The company plans to allocate around ₹1,000 crore for a project featuring a Taj-branded hotel and serviced apartments in Sector 129, Noida, in collaboration with the Indian Hotels Company (IHCL). This development will include a 150-room luxury hotel and 74 serviced apartments, with sizes around 7,500 sq ft. Apartment prices are projected to fall between ₹35 crore and ₹100 crore.…

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MLA Claims ₹2,000 Crore Housing Scam in Mumbai; Audit Ordered

MUMBAI: On Tuesday, the Maharashtra government initiated a vigilance audit following allegations from a BJP MLA regarding a ₹2,000 crore scam in housing schemes in Mumbai. The audit report is anticipated within 30 days, as shared by Minister of State for Urban Development, Madhuri Misal, in the legislative assembly. Steps will be taken against Brihanmumbai Municipal Corporation (BMC) officials if it is found that they overlooked any rule violations committed by developers. Mihir Kotecha, BJP MLA from Mulund, brought this issue to light through a calling attention motion, stating that developers have exploited provisions under Development Control Regulations (DCR) 33(11)…

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Gurugram to Penalize Builders Delaying Audit Work

Gurugram: The district administration has issued a warning to builders regarding their obligation to perform repair work as detailed in structural audit reports. This warning was announced by an official on Tuesday. The discussion arose during a meeting led by Deputy Commissioner (DC) Ajay Kumar, which included builder representatives and Residents Welfare Associations (RWAs) from 15 societies that are part of the initial phase of the structural audit process. It was highlighted that although structural audits have been finalized in several societies, the recommended repair and improvement activities have not commenced within the expected timeline, as per an official statement.…

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NCLT Greenlights Adani’s ₹14,535 Cr Bid for Jaiprakash Associates

NEW DELHI: The National Company Law Tribunal (NCLT) has sanctioned Adani Enterprises Ltd’s bid of ₹14,535 crore to acquire Jaiprakash Associates Ltd as part of the insolvency proceedings. Jaiprakash Associates Ltd (JAL) reported in a regulatory filing that the Allahabad bench of the NCLT orally pronounced its order on March 17, 2026, approving the resolution plan proposed by Adani Enterprises Ltd. In November of the previous year, a Committee of Creditors (CoC) gave its nod to the acquisition plan suggested by business tycoon Gautam Adani. Adani Enterprises secured the endorsement of JAL’s creditors for its ₹14,535 crore bid, surpassing competitors…

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Signature Global projects ₹35,000 crore cash flow, invests in RMZ

NEW DELHI: Signature Global anticipates generating approximately ₹35,000 crore in free cash flow from its current and future portfolio as the company expands into commercial real estate in partnership with RMZ, according to Chairman and Whole-Time Director Pradeep Kumar Aggarwal. In an exclusive interview with Ankit Sharma, Aggarwal highlighted the company’s confidence in the long-term potential of Gurugram’s Grade A office market and how the RMZ collaboration aims to establish a robust platform for substantial office developments. He noted that their low net debt position, projected to approach zero following this transaction, provides the opportunity to develop long-term, income-generating assets…

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Noida Airport Boost: 54 New Industries, 700 Leases Signed

NOIDA: Industrial activity surrounding the upcoming Noida International Airport has seen significant growth over the past year. According to data from the Yamuna Expressway Industrial Development Authority (YEIDA), industrial allotments increased from 3,059 last March to 3,113 by March 13 of this year, adding 54 plots. The execution of lease deeds also saw a remarkable rise, jumping from 1,632 to 2,363, marking an increase of 731 within a year. Additionally, the number of units taking physical possession of industrial plots surged from 990 in March 2025 to 1,785 in March 2026. This growth is indicative of increasing investor interest in…

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Telangana Yet to Establish Municipal Tribunal Despite HC Order

HYDERABAD: A decade ago, the Telangana government planned to establish the Municipal Building Tribunal (MBT) to address building-related issues, particularly unauthorized structures. Nearly four years ago, in April 2022, the state government informed the Telangana High Court that the tribunal would be organized within four weeks. However, it remains unestablished amid a surge of unauthorized constructions in the state, especially in Greater Hyderabad. GHMC officials report that approximately 6,000 cases are pending in various courts, with 80% related to illegal buildings. Many owners or builders have secured stay orders, hindering the town planning wing from demolishing these structures. In the…

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NBCC to Launch ₹480 Crore Marine Eco City Phase-I in Kochi

I imagine a peaceful, sustainable Marine Eco City, where contemporary architecture blends beautifully with a turquoise waterfront. NEW DELHI: NBCC (India) is set to manage the first phase of the Marine Eco City project at Marine Drive in Kochi, serving as the project management consultant (PMC) for the Kerala State Housing Board (KSHB). The initial phase is estimated to cost approximately ₹480 crore. The Marine Eco City project will span 17.9 acres of waterfront land near the BPCL housing complex at Marine Drive. It is designed as a mixed-use development, integrating residential, commercial, and hospitality elements. NBCC will oversee the…

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Gurugram Developers, RWAs Must Submit Structural Safety Reports

GURUGRAM: The district administration is organizing a meeting with developers and representatives from various residents’ welfare associations (RWAs) to discuss complaints regarding the lack of implementation of recommended repairs from structural audit reports of residential buildings. The meeting will be chaired by Deputy Commissioner Ajay Kumar on March 17, as stated by officials from the Department of Town and Country Planning (DTCP). Developers and RWA representatives have been instructed to present status reports on the actions taken so far. According to DTCP, residents have raised concerns that the repair and strengthening recommendations made in structural audits of several group housing…