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

Pune Jain Property Row: Sale Nullified, Deed Awaiting Cancellation

PUNE: The Maharashtra charity commissioner has ordered the cancellation of a Jain trust’s prime property sale in Pune to a builder. However, officials report that neither party has approached the Registration and Stamp Department to finalize the cancellation deed. On Tuesday, Jain spiritual leader Acharya Guptinandi Maharaj, who spearheaded the protest against the Seth Hirachand Nemchand Jain hostel property deal between Model Colony trustees and Gokhale Landmarks LLP, threatened to resume the agitation if the deal is not nullified within a few days. The land, which includes a boarding facility for Jain students and the Bhagwan Mahavir temple, is located…

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Keystone Realtors’ Q2 FY26 Net Profit Drops 84.91%

NEW DELHI: Keystone Realtors reported an 84.91% decline in its net consolidated profit for the quarter ending September 30, 2025. The company’s profit post-tax was ₹9.89 crore for Q2 FY26, compared to ₹65.55 crore in the same quarter of the previous fiscal year, according to a BSE filing. The net consolidated total income for Q2 FY26 was ₹520.92 crore, down 6.35% from ₹556.22 crore reported in the same quarter last year. Boman Irani, Chairman and Managing Director, stated, “Our pre-sales reached ₹772 crore in Q2 FY26, representing a 10% year-on-year growth on a quarterly basis, and ₹1,839 crore for H1…

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Emaar India to invest ₹1,600 crore in Gurugram luxury homes

NEW DELHI: Realty firm Emaar India is set to invest approximately Rs 1,600 crore to develop a luxury housing project in Gurugram to meet robust consumer demand. The Indian subsidiary of UAE-based Emaar Properties recently unveiled the ‘Serenity Hills’ residential project in Sector 86, Gurugram. Emaar India CEO Kalyan Chakrabarti stated, “We are launching the initial phase of our new housing development in Gurugram, featuring 997 apartments across seven towers.” This project is designed as a green initiative, aiming for IGBC Platinum pre-certification, and is being built in collaboration with the landowner. In response to inquiries about project costs, Chakrabarti…

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Ashiana Housing Q2 FY26 Net Profit at ₹27.54 Crore

NEW DELHI: Ashiana Housing has reported a consolidated net profit of ₹27.54 crore for the quarter ended September 30, 2025, rebounding from a loss of ₹7.55 crore recorded in the same period last year, according to the company’s filing with BSE. The company’s consolidated total income reached ₹176.18 crore in Q2 FY26, marking a remarkable increase of 195.95% from ₹59.53 crore in the corresponding quarter of the previous year. As of September 30, 2025, Ashiana’s net worth was recorded at ₹790.42 crore, with a debt-equity ratio of 0.42, and a current liability ratio of 0.87. Additionally, total debts to total…

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Shriram Properties Q2 FY26 Net Profit at ₹8.57 Crore

NEW DELHI: Shriram Properties (SPL) has announced a net consolidated profit after tax of ₹8.57 crore for the quarter ending September 30, 2025, compared to a loss of ₹79 lakh in the same quarter last year, as per their BSE filing. The company’s total consolidated income was ₹229.01 crore in Q2 FY26, marking a 47.65% increase from ₹155.10 crore during the corresponding quarter last year. Gopalakrishnan J, the executive director & CEO, stated, “Q2 has shown encouraging operational performance, with robust sequential and year-on-year growth. Although financial performance was slightly muted, we anticipate a significant rebound in H2 FY26 as…

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Blackstone to Acquire Majority Stake in Ritz-Carlton Bengaluru

BENGALURU | MUMBAI: US investment firm Blackstone is set to acquire up to a 55% stake in the Ritz-Carlton Bengaluru from Nitesh Land. Sources indicate that Blackstone’s stake acquisition of 51-55% could cost approximately ₹600-700 crore, valuing the 277-room luxury hotel between ₹1,200 and ₹1,400 crore. The hotel, managed under the Ritz-Carlton brand by Marriott International, generated earnings before interest, taxes, depreciation, and amortisation of ₹105 crore for FY25. “Blackstone will purchase the stake in Nitesh Residency Hotel, the owning entity. The agreement is signed and expected to finalize within this quarter,” shared an anonymous source. Post-transaction, Nitesh Shetty, founder…

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Marathon Nextgen Realty Q2 FY26 Net Profit Grows 34.54%

NEW DELHI: Marathon Nextgen Realty (MNRL) has announced a 34.54% increase in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 reached ₹66.53 crore, up from ₹49.45 crore in the same quarter of the previous fiscal year, as stated in a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹155.06 crore, marking a 6.44% decline from ₹165.73 crore in the comparable quarter last year. Chetan Shah, the company’s chairman and managing director, stated, “We’ve had a robust quarter with a PAT of ₹67 crore, reflecting a 35%…

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Valuers to Reassess Prices of Unsold Mohali Sites

Representative AI image MOHALI: The Greater Mohali Area Development Authority (Gmada) has begun reviewing the reserve prices of unsold residential, commercial, institutional, and industrial plots through independent valuers. Bids are invited from valuers associated with nationalized banks or the I-T department to conduct this valuation. According to officials, these valuations will pertain to sites that received no bids in two or more consecutive e-auctions, with an objective of establishing more realistic reserve prices aligned with current market conditions. Gmada will appoint three independent valuers per site to ensure a transparent and fair assessment. The selected valuers must not be blacklisted…

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Kolte-Patil Developers Reports ₹11 Crore Q2 FY26 Loss

NEW DELHI: Kolte-Patil Developers Ltd has reported a consolidated net loss of ₹11.14 crore for the September quarter, alongside the resignation of Group CEO Atul Bohra. In the same period last year, the company posted a net profit of ₹10.34 crore. Total income decreased by 50% to ₹161.75 crore in Q2 of this fiscal year, compared to ₹320.96 crore during the same quarter last year, as stated in a regulatory filing. The board has approved the appointment of Avani Vishal Davda as an additional director (Non-Executive and Independent), effective immediately, pending shareholder approval. The resignations of Sudha Pravin Navandar as…

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Sri Lotus Developers Q2 FY26 Profit Dips 8% to ₹46.36 Crore

NEW DELHI: Sri Lotus Developers and Realty Ltd has reported an 8% decrease in consolidated net profit to Rs 46.36 crore for the September quarter, down from Rs 50.47 crore during the same period last year. Conversely, total income surged to Rs 188.81 crore in the July-September timeframe, up from Rs 125.08 crore a year earlier, according to a regulatory filing. The Mumbai-based firm has finalized four projects totaling over 4.2 lakh sq ft of carpet area, with six projects currently in progress and 12 more planned, covering approximately 27.6 lakh sq ft of carpet area and about 20.5 lakh…