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

Noida: Paramount Developers Pays ₹106 Cr, Unlocks 135 Flats

NOIDA: Paramount Developers has paid over ₹106 crore to the Noida and Greater Noida authorities, settling dues on two housing projects and paving the way for the registration of 135 flats. This includes 35 flats in Paramount Emotions located in Greater Noida West and 100 in Paramount Floraville in Sector 137, Noida. As per the developer, approximately ₹26 crore was paid to the Greater Noida Authority, while ₹80 crore went to the Noida Authority, following a settlement framework established by the Uttar Pradesh government for distressed housing projects. Paramount Emotions, covering 11 acres, was launched in 2010 and includes 19…

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Ahmedabad body now permits development in Gokuldham agri zone

AHMEDABAD: Twelve years after the Ahmedabad Urban Development Authority (Auda) approved the layout for Gokuldham township, the authority’s chairman has been empowered to issue development and revised development permissions for the agricultural land within the township. A dispute surfaced in April 2014, resulting in a halt to these permissions. The township covers over 10 lakh square meters in Sanand taluka, adjacent to Ahmedabad city. On October 8, 2002, Auda authorized the comprehensive layout plan for Gokuldham, which spans more than 50 hectares of land under the General Development Control Regulations of that time. Permissible specifications included an FSI of 1.2,…

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Nagpur: Just 11.7% of ₹190 Crore Property Tax Dues Under Review

NAGPUR: Only 11.7% of the outstanding Rs190.33 crore in commercial property tax dues is currently under warrant action in Nagpur. Among 2,062 non-residential defaulters, warrants have been issued for just 359 properties — a mere 17.4% — highlighting a significant gap between potential revenue and actual enforcement. The data shows that most unpaid commercial property taxes involve high-value properties — those with dues exceeding Rs5 lakh. A total of 229 establishments have defaulted on a staggering Rs157.01 crore. However, warrants were issued against only 53 properties, totaling Rs16.70 crore, leaving 176 major defaulters — responsible for over Rs140 crore —…

IndustryLatest Stories

Haryana Budget: 100% Interest Waiver on Property Tax Until Mar 2025

CHANDIGARH: Haryana Chief Minister Nayab Singh Saini announced a complete waiver on outstanding interest on property tax up to March 31, 2025, as part of the 2026-27 budget. While presenting budget proposals in the State Assembly, Saini, who is also the finance minister, highlighted that over 41 lakh (41,70,749) property owners in urban areas have yet to pay their property tax along with the accrued interest. In another key announcement, Saini stated that residential properties will continue to be charged water fees at Rs 1 per kiloliter. Moving forward, metered residential properties covering up to 500 square yards will receive…

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Rajasthan Housing Board Revenue Tops ₹1,000 Crore; 2026 Launches Planned

JAIPUR: The Rajasthan Housing Board (RHB) has significantly increased its revenue in FY26, surpassing ₹1,000 crore, largely due to successful commercial auctions and enhanced asset monetization, as stated by commissioner Rashmi Sharma in an exclusive interview with Ankit Sharma. The autonomous body, primarily serving affordable and mid-income segments, is launching new residential schemes across Jaisalmer, Jodhpur, Alwar, the NCR region near Bhiwadi, and selected emerging towns in Rajasthan. The board is also exploring innovative development models, including potential private partnerships, to expand its capacity while ensuring affordability. Below are edited excerpts from the conversation: What was 2025 like for the…

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Big FM Ventures into Real Estate Market

NEW DELHI: Big FM, part of Reliance Broadcast Network, has ventured into the Indian real estate market with its new division, Big FM Realty. The company aims to achieve a revenue target of ₹3,500-₹4,000 crore over the next three years. It has acquired around 80 acres of land on the Lucknow-Bahraich Road in Bahraich, Uttar Pradesh. This mixed-use township development is expected to generate approximately ₹1,200 crore in revenue. Published On Mar 2, 2026 at 02:00 PM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your…

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MDA Blocks 200 Sites Amid Surge in Mysuru Demand

Representative AI image MYSURU: The Mysuru Development Authority (MDA) has announced an auction for three commercial corner sites—one in JP Nagar (south Mysuru) and two in Vijayanagar IV Stage (west Mysuru)—with base prices between Rs 3.3 crore and Rs 3.5 crore. Following a successful sale of a premium 4,133 sqft plot, which fetched Rs 8.6 crore, the authority has set the base prices for the new premium plots at Rs 7,300 to Rs 7,900 per sqft. In addition, MDA is auctioning six sites priced between Rs 2.1 crore and Rs 2.5 crore, 15 sites from Rs 1.5 crore to Rs…

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Private firms to manage 60 property registration centers; Pune, Mumbai first

Representative AI image PUNE: The state government plans to establish 60 property registration offices across Maharashtra, managed by private institutions, to simplify the process, enhance efficiency, and reduce waiting times—albeit at an additional cost, officials informed TOI on Friday. The proposed centers are designed similar to passport service centers and will operate alongside the current 517 government-run sub-registrar offices. Officials stated that the revenue department approved the proposal last year, and its implementation will occur in phases. In the first phase, five centers will be launched in Mumbai, Pune, Thane, and Nagpur. “We anticipate opening them within six months. Tenders…

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Pimpri Chinchwad Offers Amnesty Scheme Until March 31

PUNE: The Pimpri Chinchwad Municipal Corporation has introduced an amnesty scheme for property tax defaulters to recover outstanding dues and enhance revenue for the last month of the 2025-26 financial year. During a press conference, Mayor Ravi Landge announced that a 90% penalty waiver on principal tax arrears would be provided as part of this scheme. Taxpayers who settle their entire outstanding amount in one payment from March 1 to 31 will benefit from this offer. A senior official from the PCMC reported that approximately 2.12 lakh property owners collectively owe Rs 1,394 crore to the municipal body, with potential…

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Defaulters Pay ₹27 Lakh in Property Tax Before Bengaluru Auction

BENGALURU: Following the announcement of an auction for defaulters’ properties by the Greater Bengaluru Authority’s South city corporation, approximately 14 property owners in Bommanahalli hastily settled their long-standing dues, leading to a recovery of over ₹27 lakh. The impending threat of public auction seems to be motivating defaulters to pay off their arrears prior to bidding on their properties. This comes on the heels of seven properties being successfully sold in a recent auction held by the East and North city corporations. All five city corporations are moving forward with auctions targeting top tax defaulters as a final attempt to…