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

Legal Disputes Shadow Telangana’s High-Value Land Auctions

Representative image HYDERABAD: Land auctions in Telangana are increasingly becoming battlegrounds in court, with disputes arising just before or after the sale of valuable plots. From record bids in Raidurg to extensive legal disputes in Kokapet, government agencies are grappling with legal obstacles that threaten their revenue-generating efforts. The Hyderabad Metropolitan Development Authority (HMDA) and the Telangana Industrial Infrastructure Corporation (TGIIC), responsible for managing these auctions, acknowledge that the challenges are intensifying. The recent Raidurg auction, which saw TGIIC achieve an unprecedented ₹237 crore per acre, faced an immediate setback when the State Bank of India petitioned the high court…

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Maharashtra to Revise Leasehold Land Records in Three Months

PUNE: Revenue Minister Chandrashekhar Bawankule has initiated a statewide effort to correct revenue records for government leasehold land. This action follows the identification of numerous cases where leaseholders have been improperly categorized as “occupants,” enabling them to make illegal claims on valuable public land. District collectors have been instructed to review these entries and update the records within three months. This directive comes in the wake of findings by the Vikas Kharge committee, which investigated land irregularities in Pune’s Mundhwa area. The committee highlighted widespread record manipulation and recommended significant reforms to protect public property. These findings were presented to…

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Gurugram: 181 PG Rooms, 29 Commercial Units Sealed in DLF III

GURUGRAM: On Saturday, the extensive enforcement initiative to seal illegal constructions and restore rightful use of public spaces continued into its third day in DLF Phase-3. Teams sealed 181 rooms in four paying guest (PG) buildings, along with 29 commercial establishments operating unlawfully within residential properties. This operation was carried out by the district town planning (enforcement) department, following directives from the Punjab and Haryana High Court. The police and district administration provided support throughout the enforcement activities in S Block and neighboring areas of DLF Phase 3. The campaign aims to return residential buildings to their original plans and…

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CREDAI Supports CRZ Reclassification for Visakhapatnam Coast

VISAKHAPATNAM: A proposal to reclassify segments of the Visakhapatnam coastline from Coastal Regulation Zone (CRZ)-III B to CRZ-II is currently under consideration. Stakeholders are discussing its potential impact on urban development, environmental protection, and real estate growth. The Andhra Pradesh Coastal Zone Management Authority (APCZMA) is reviewing a request to change nearly 499 hectares of coastal land between Madhurawada and Bheemunipatnam to CRZ-II status. Official documents indicate that over 64% of the identified area is already developed, supported by infrastructure such as roads, drainage systems, and water supply networks. Officials believe that this reclassification would enable significant infrastructure projects, including…

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Maharashtra Reduces Land Survey Fees, Imposes Timelines

NAGPUR: The Maharashtra government has announced significant changes to land survey charges and procedures, aiming to reduce fees for family partition measurements and establish fixed timelines for completing surveys. These reforms are designed to alleviate public grievances and enhance administrative accountability. Revenue Minister Chandrashekhar Bawankule has approved the new framework, which requires regular land surveys to be completed within 90 days and expedited surveys within 30 days. The government indicated that these changes are intended to tackle longstanding complaints regarding delays, lack of transparency, and alleged corruption in land measurement processes, which impact property transactions and inheritance disputes in both…

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Ahmedabad to Waive Property Tax for Public Parking at Malls, Hotels

AHMEDABAD: The AMC has introduced a tax-incentivized initiative aimed at alleviating traffic congestion in the city. This comes after directives from the high court to eliminate roadside parking in front of commercial establishments. The AMC has already issued notices to 200 prominent businesses, including malls, multiplexes, and luxury hotels, presenting a straightforward opportunity: a 100% exemption from property tax on parking facilities in exchange for making private basement parking accessible to the public. “The high court has determined that vehicles parked on public roads near commercial complexes fall under the responsibility of the property owners,” stated a senior AMC official.…

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India must boost affordable housing and rental reforms for $5.8T market by 2047: Report

NEW DELHI: A joint report by KPMG in India and NAREDCO indicates that India needs to refocus on affordable housing, rental reforms, and enhanced homebuyer protections for the real estate sector to reach an estimated value of $5.8 trillion by 2047. The report was unveiled by Union Housing and Urban Affairs Minister Manohar Lal Khattar during the NAREDCO Real Estate Conclave 2026. The study outlines four key policy areas for the sector: affordable housing, rental housing, robust homebuyer protection through the RERA-Insolvency and Bankruptcy Code framework, and improved implementation of the Real Estate Regulatory Authority. According to the report, urbanization…

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100+ Builders Target Housing Projects in Prayagraj: 2,000 Flats

PRAYAGRAJ: The city’s real estate market is set for significant development, with over 100 builders nationwide showing interest in launching residential projects as part of the Prayagraj Development Authority’s (PDA) group housing initiative. The robust interest signals an expansion in housing options for locals in the coming two to three years. The PDA has called for applications from private developers to build group housing on unused land in its residential schemes. Despite the application deadline being June 22, 104 builders from Noida, Gurugram, Delhi, Haryana, Bihar, Madhya Pradesh, and various districts in Uttar Pradesh, including Lucknow, Kanpur, Bhadohi, Azamgarh, Chitrakoot,…

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NIFCO Japan Leases 5.13 Acres in Maharashtra for Factory

Representative AI image NIFCO India, part of Japan’s NIFCO Inc, has signed a long-term lease with Inspira Realty for a 5.13-acre industrial site at its Shendra MIDC industrial and warehousing park in Chhatrapati Sambhaji Nagar. This expansion aims to enhance the automotive component manufacturer’s production capabilities in India. The area spans 2,23,561 sq. ft. and will accommodate the company’s fourth manufacturing facility in India, further bolstering its existing production network to meet the rising demand from local automakers. “India remains a strategically vital market for NIFCO due to continuous growth in the automotive sector and changing customer needs. Our new…

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Maharashtra’s Vertical Property Cards Await Legal Approval in Assembly

PUNE: The much-anticipated discussion around the proposed vertical property cards for apartment owners is set for the upcoming monsoon session of the state legislature starting Monday. This initiative aims to establish independent ownership records for flats and is currently pending final legal approval, according to officials from the state settlement commissioner’s office, as reported by TOI. Officials indicate that the proposal is presently with the law and judiciary department, following several rounds of assessment and modifications. A senior official noted, “The proposal has now been sent to the government for its final review. Given that its implementation necessitates adjustments to…