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

Tax Demands for Shree Cement, Ansal; Kesoram’s Cut to ₹6 Cr

Representative AI image NEW DELHI: Shree Cement, Ansal Housing, and Kesoram Industries have received tax-related orders from authorities, with the companies planning to contest these demands. Shree Cement has been issued a service tax demand order of ₹8.31 crore from the Commissioner of Central GST and Central Excise in Jodhpur. This order, dated April 16, 2026, includes applicable interest and an equivalent penalty. The demand is related to alleged non-payment of service tax. Shree Cement disagrees with the findings and intends to appeal before the appropriate tribunal within the required timeline. The company does not expect any significant financial impact…

IndustryLatest Stories

Suraj Estate Developers Buys ₹18 Crore Land in Dadar West

NEW DELHI: Suraj Estate Developers has purchased a plot of land in Dadar West, Mumbai, for ₹18 crore, according to a company statement. The deal comprises a cash payment of ₹8.53 crore and an obligation to provide approximately 2,200 sq ft of space to the landowners, bringing the total transaction value to ₹18 crore. Rahul Thomas, the company’s whole-time director, stated, “We are focused on disciplined growth, selective acquisitions, and efficient execution, and we are exploring additional opportunities that align with our strategic objectives.” The company plans to redevelop the land, which has a saleable carpet area of 0.18 lakh…

IndustryLatest Stories

Sowparnika Projects targets ₹500 crore to double revenue

Sowparnika Projects, a prominent real estate developer in South India, is in the final stages of raising ₹500 crore to support its expansion and enhance its project portfolio over the next 18 to 24 months. “We are negotiating with several funds, including Neo Alternative Asset Managers, WSB Real Estate Partners, and ASK. The company has received approvals for transactions from some of these investors and is aiming to finalize the ₹500 crore target,” stated Ramji Subramaniam, Managing Director of Sowparnika Projects. “In the next two years, we plan to develop 5.5 million sq ft across Bengaluru, Kerala, and Tamil Nadu,”…

IndustryLatest Stories

India to Establish NCLT Bench for Faster Cross-Border Insolvency

NEW DELHI: India is set to establish a dedicated bench within the National Company Law Tribunal (NCLT) that will focus on cross-border insolvency cases, aiming to expedite legal proceedings following the notification of new bankruptcy regulations, according to sources familiar with the development. The cross-border framework, which received approval last month as part of amendments to the Insolvency and Bankruptcy Code (IBC), will draw from a UN model law but will be tailored to better fit India’s requirements. This initiative is designed to simplify access for creditors to the foreign assets of distressed companies and facilitate India’s collaboration with international…

IndustryLatest Stories

YEIDA extends FinTech hub application deadline

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has pushed back the application deadline for its planned 500-acre FinTech hub in Sector 11 near the Noida International Airport to April 29, from the previous April 2 deadline. Shailendra Bhatia, the authority’s additional CEO, explained that the deadline was adjusted to coincide with an upcoming financial summit aimed at attracting global investors and industry representatives. “We have moved the bid due date from April 2 to April 29, with the technical bid opening now set for May 1. This change is due to the Money Alpha 360° summit, which focuses on…

IndustryLatest Stories

A-khata Maze: High Costs, Delays in Bengaluru Approvals

BENGALURU: For thousands of property owners in the city, obtaining an A-khata remains a significant challenge, with only 818 properties receiving this designation in the past six months, according to official data. The process for converting B-khata properties into legally recognized A-khata properties was made public on October 15 last year. Despite there being an estimated 820,000 B-khata properties in Bengaluru, only 8,308 applications have been submitted, with only about 10% approved, leaving around 7,490 applications still pending. “The primary hurdle isn’t administrative delays but the lack of proper documentation from applicants. Many property owners do not have approved layout…

IndustryLatest Stories

PropShare Celestia’s ₹244 Crore IPO Sees 1.33x Subscription

NEW DELHI: PropShare Celestia’s initial public offering (IPO) was 1.33 times over-subscribed on its closing day, Thursday. This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust. The IPO, valued at Rs 244 crore, saw bids for 3,090 units compared to 2,323 units available, according to BSE data. In the other investors category, subscription was 4.81 times, while institutional investors subscribed only 17%. The price band for the issue is set at Rs 10-10.50 lakh per unit. This public offering consists solely of new units with no offer for sale. The…

IndustryLatest Stories

Chandigarh Plot Owners Demand FAR Parity for Converted Lands

CHANDIGARH: The Chandigarh administration is poised to raise the floor area ratio (FAR) for industrial plots in Industrial Area Phase 1 and 2. In response, the Chandigarh Industrial Converted Plot Owners Association has requested an increase in FAR, revisions to height norms, and a new policy framework for converted commercial plots. Back in 2005, under the Conversion Policy, approximately 125 industrial plot owners transitioned to commercial activities by paying substantial conversion charges, which ranged from Rs 20,000 to Rs 30,000 per square yard, adding around Rs 1,200 crore to the government’s revenue. Chander Verma, the president of the Chandigarh Industrial…

IndustryLatest Stories

Signature Global invests ₹2,891 crore in Gurugram with Tonino Lamborghini

Representative AI image NEW DELHI: Signature Global (India) has formed a strategic alliance with the Italian lifestyle brand Tonino Lamborghini to launch a residential project in Sector 71, Gurugram, valued at approximately ₹4,000 crore. The project will cover around 12.4 acres along Southern Peripheral Road, offering 812 residential units in 3, 4, and 4.5 BHK layouts. The development cost is estimated at ₹2,891 crore, as stated in the company’s filing. The partnership will operate under a brand licensing agreement, where Tonino Lamborghini will provide design insights and lend its brand identity, while Signature Global will handle development, execution, and sales.…

IndustryLatest Stories

Ashiana Housing Plans ₹800 Crore Land Acquisition in FY27

Representative AI image NEW DELHI: Ashiana Housing, a listed real estate developer focusing on senior living projects, plans to invest ₹800 crore for land acquisition across India in FY27, according to a senior executive. The sales value for bookings in senior living reached ₹570.15 crore in FY26—the highest ever for the company—marking the sale of 569 units over 7.37 lakh sq. ft. This is a significant increase from FY25, which saw ₹382.90 crore from 430 units and 5.41 lakh sq. ft. “We see a continuous demand for senior living housing, and we are actively searching for land. This year, we…