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

Four of 16 Developers Selected for South Mumbai Rail Plot

Representative AI image The Railway Land Development Authority (RLDA) has narrowed down its selection to four developers from a pool of 16 interested parties bidding for the development of a prime 2.5-acre site in Mahalaxmi, South Mumbai. This project is estimated to hold a revenue potential nearing Rs 10,000 crore, according to sources familiar with the matter. This tender saw significant participation from top developers, signaling a competitive bidding process for this government-owned parcel. The electronic bidding occurred on Tuesday. From what we gather from The Economic Times, the shortlisted developers include Lodha Group, Sobha Ltd, Dineshchandra R Agrawal Infracon,…

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Maharashtra Panel Approves Kamathipura Redevelopment Bid

Representative Image MUMBAI: The High Powered Committee of the state government has approved the Kamathipura Redevelopment Project. Mhada, acting as the nodal agency, has invited bids for this redevelopment under the Construction and Development Agency model. According to a Mhada survey, there are 800 old and dilapidated buildings in Kamathipura across 34 acres. Many of these structures are over a century old and beyond repair. Most of the properties, which are privately owned, are only 50 sq meters in size, making it financially unfeasible for landlords to initiate redevelopment. Consequently, the state has tasked Mhada’s Repair and Reconstruction Board with…

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UP Government Provides Stamp Duty Break for Lease Agreements

LUCKNOW: The stamp and registration department is introducing substantial concessions on stamp fees for rent agreements up to 10 years, simplifying the registration process. The cabinet approved this proposal on Friday. Currently, registration exists, but many landlords and tenants skip it due to high costs. Agreements that remain unregistered lack legal validity under the UP Regulation of Urban Premises Tenancy Act, making them prone to disputes. Finance Minister Suresh Khanna noted that while current regulations require registration for tenancy deeds over one year, most are either verbal agreements or, when written, remain unregistered. “These situations often arise during audits by…

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Odisha Govt Launches New Law to Streamline Land Management

Representative AI image PURI: The state government is set to launch a new Odisha Land Management Act aimed at simplifying land-related processes throughout the state. This announcement came from Revenue Minister Suresh Pujari during a review meeting at the Puri Circuit House on Thursday. The forthcoming legislation aims to replace several outdated revenue laws, providing citizens with a streamlined approach to managing land records and mutations through their local tehsildars. “The current land laws contain numerous outdated and complicated provisions that lead to unnecessary delays and bureaucratic obstacles,” Minister Pujari stated. In conjunction with the new act, the government will…

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Hubtown’s Q2 FY26 Profit Surges to ₹32 Crore

NEW DELHI: Hubtown Ltd, a real estate company, reported a 65% increase in consolidated net profit for the September quarter, reaching Rs 31.67 crore, driven by higher income. The net profit in the same period last year was Rs 19.20 crore. According to a regulatory filing from the Mumbai-based firm, total income increased to Rs 263.29 crore in the second quarter of this fiscal year, compared to Rs 139.31 crore in the corresponding quarter of the previous year. “We observed significant progress in our ultra-luxury and premium residential projects,” stated Vyomesh Shah, Managing Director and Co-Founder of Hubtown Ltd. Shah…

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Prestige Estates Q2 FY26 Profit Soars 95% to ₹457.4 Crore

NEW DELHI: Prestige Estates Projects Ltd has announced a 95% increase in consolidated net profit, reaching Rs 457.4 crore for the September quarter, thanks to higher income and reduced expenses. In the same quarter last year, net profit was Rs 234.6 crore. The total income surged to Rs 2,697.8 crore in the second quarter of this fiscal, up from Rs 2,423.8 crore during the corresponding period last year, as reported in their Wednesday regulatory filing. Irfan Razack, Chairman and Managing Director of Prestige Group, stated that the company has delivered strong financial and operational performance. “The first half of FY26…

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Noida Restores Rehab Benefits to Sikka Infra Amid ₹252 Crore Dues

Representative AI image NOIDA: The Noida Authority board has given preliminary approval to Sikka Infrastructure to regain benefits under the state government’s legacy stalled project policy for its Sector 143B housing project, Sikka Karnam Greens. This relief will take effect only after the builder withdraws its pending revision petition with the state government. The Authority had previously revoked all benefits granted to Sikka under the stalled project policy and issued a recovery certificate (RC) for dues amounting to approximately ₹252 crore. The latest decision states that the RC will be withdrawn once Sikka meets the stipulated conditions, including the withdrawal…

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HDFC Capital Advisors Exits Adarsh Developers Again

HDFC Capital Advisors, the private equity branch of HDFC Bank, has successfully exited its second investment of ₹1,100 crore in Bengaluru’s Adarsh Developers. This comes from a total commitment of ₹2,500 crore across four investments with the company. The platform was established in 2022 to develop 17 mid-income residential projects, totaling 10,000 units across 15 million sq ft, in key Bengaluru areas such as Bellandur, Gunjur, Hennur, JP Nagar, and Banashankari. HDFC Capital’s initial investment of ₹395 crore was exited in Q2 2024 with a gross internal rate of return (IRR) of 21%, while the second investment was exited at…

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BPTP Plans to List Its Real Estate Venture

BPTP Ltd is in the process of selecting a merchant banker to facilitate the listing of its real estate division, according to sources familiar with the matter. This Delhi-NCR-centric firm, boasting a land bank of 45-50 million sq ft, is planning to roll out projects valued at Rs 10,000 crore annually, along with establishing a distinct rental portfolio. CEO Manik Malik refrained from providing comments on the IPO plans, but mentioned that the company possesses enough land resources to launch projects worth Rs 40,000 crore, with intentions to continue acquiring strategically located land parcels. “In recent years, we have focused…

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Alta Capital Invests $100M in Isprava’s Luxury Homes

Representative AI image The Isprava Group, a key player in Goa’s luxury real estate market, is nearing a significant Rs 850-crore ($100 million) investment from Alta Capital, marking the largest fundraising effort in the company’s nine-year history, according to sources familiar with the deal. This investment, encompassing both primary and secondary shares, aims to facilitate the company’s expansion in coveted vacation spots like Goa, Alibaug, Karjat, and Kasauli. It will also enable Isprava to introduce international offerings for its affluent clientele and provide exits to some previous high-net-worth investors. Once finalized in the coming weeks, Alta Capital will ascend to…