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.

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Institutional Real Estate Investments Drop 7% YoY to $1.9B in Q2 2026

NEW DELHI: Institutional investments in India’s real estate sector reached $1.9 billion in Q2 2026, marking a seven percent decrease year-on-year, as reported by Cushman & Wakefield. Sequentially, this represents a 16 percent increase compared to the previous quarter. Total institutional investments for H1 2026 amounted to $3.5 billion, up six percent from H1 2025. In Q2 2026, the office sector drew nearly $1 billion, constituting 51 percent of total investments, indicating four consecutive quarters where office assets led the real estate investment landscape. Domestic institutions made up 54% of total Q2 investments, while foreign investors accounted for 46%. This…

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Jharkhand to Impose Surcharge on Property Transactions for Revenues

RANCHI: The cost of purchasing properties in urban areas across Jharkhand is poised to increase. The state government has introduced a new levy on property transactions aimed at boosting revenue. The proposed Jharkhand Municipal Land/Building Transfer Surcharge Rules 2026, shared by the state’s urban development and housing department, suggests a 10% surcharge on the total stamp duty and registration fees for property transfers within municipal and industrial township limits. This revenue will be allocated to civic bodies for various expenditures. “These rules are part of our strategy to enhance municipal revenue and assist in alleviating financial constraints. We are pursuing…

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Sobha’s Q1 FY27 Net Profit Soars 274% to ₹50.84 Crore

NEW DELHI: Sobha has announced a remarkable 273.5% increase in its net consolidated profit after tax, totaling ₹50.84 crore for the quarter ending June 30, 2026, compared to ₹13.61 crore during the same period last year. The company’s net consolidated total income rose 47.6% to ₹1,330.17 crore in Q1 FY27, up from ₹901.40 crore in Q1 FY26. Real estate sales value surged 76% year-on-year, reaching ₹3,656 crore. The company sold 2.34 million sq. ft. in this quarter, a 62% increase compared to the previous year. Collections saw an 8% increase year-on-year, amounting to ₹1,924 crore. The average sales realization was…

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Bhubaneswar to Survey Buildings in August for Identification

BHUBANESWAR: In light of recent Supreme Court observations regarding the conversion of residential buildings into commercial spaces, the Bhubaneswar Municipal Corporation (BMC) plans to conduct a door-to-door survey starting in August to accurately categorize residential and commercial properties. Currently, BMC lacks a detailed inventory of these properties, which hinders their ability to evaluate the holding tax—levied at different rates for residential and commercial entities. Officials pointed out that the absence of data on commercial properties adversely affects BMC’s revenue, as taxes for commercial holdings are considerably higher than for residential ones. “Our records indicate a total of 1.19 lakh holdings…

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Ahmedabad Redevelopment Faces Cost and Consent Hurdles

AHMEDABAD: For many residents in aging housing societies, redevelopment was anticipated to bring larger homes, improved amenities, and safer structures. However, a growing number of families are finding themselves paying rent for months while projects remain stagnant. Throughout Ahmedabad, redevelopment initiatives are experiencing delays due to weak housing demand, rising construction costs, and conflicts among society members, making builders hesitant to proceed until all approvals are secured. A recent case near Parimal Garden illustrates how quickly plans can fall apart. Two housing societies struck an agreement with a developer about three years ago, but disagreements among some members prevented the…

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Goa to Convert Industrial Land from Lease to Freehold

Representative AI image PANAJI: The Goa Industrial Development Corporation (Goa-IDC) is planning significant reforms to enable the conversion of industrial land from leasehold to outright ownership. At a board meeting on Friday, the Goa-IDC also considered simplifying rules regarding the transfer, sublease, subdivision, and amalgamation of industrial plots. The proposed amendments are part of the Centre’s Compliance Reduction and Deregulation Initiative under the Viksit Bharat 2047 agenda. Phase II of this initiative identified industrial land use as a priority area, recommending a more liberal approach to leasehold-to-freehold conversions and replacing prior approval requirements with a simpler notification process for transfers…

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Punjab Simplifies Property Registration, Cuts 35 Complex Terms

Representative AI image CHANDIGARH: In a move to enhance accessibility, the Punjab government has revamped property registration documents by substituting 35 complex revenue terms with simple Punjabi alternatives, making it easier for the public to navigate land and property transactions. Hardeep Singh Mundian, the Minister of Revenue, Rehabilitation, and Disaster Management, announced this initiative on Sunday. Under Chief Minister Bhagwant Singh Mann’s leadership, the revisions aim to cultivate transparency, improve citizen engagement, and simplify government services. He noted that traditional terms in property registration often left everyday citizens perplexed. Following the Chief Minister’s directives, a special committee was established by…

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Regime Change Boosts Realtors’ Hopes in West Bengal

NEW DELHI: The new administration in West Bengal is anticipated to stimulate a surge in real estate activity in Kolkata and its surrounding areas, as developers look forward to strategic land reforms, including repealing the Urban Land (Ceiling and Regulation) Act of 1976, to facilitate development and draw in new investments. “Our expectations for the current West Bengal government are high, particularly given its commitment to growth and investment,” stated Saket Mohta, Managing Director of Merlin Group. “The real estate domain holds significant potential to serve as a pivotal growth engine for the state, and we are hopeful for accelerated…

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Nashik Sees Redevelopment Surge as Residents Exit Aging Buildings

Representative AI image NASHIK: The city is poised for a significant redevelopment initiative, with thousands of aging housing societies and apartment complexes set to be reconstructed over the next three to five years to meet the growing demand for modern residences, improved amenities, and safer buildings. This trend is already apparent in the applications received by Nashik Municipal Corporation (NMC)’s town planning department, with redevelopment projects now accounting for approximately 20-25% of all building plan proposals submitted for approval. To prepare for expected increases in residential density, NMC is simultaneously planning infrastructure upgrades to cater to the city’s needs over…

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HMDA Aims to De-Notify Kokapet IT SEZ for Land Unlocking

Representative AI image HYDERABAD: Almost two decades after designating 117 acres in Kokapet for a prominent information technology special economic zone (IT SEZ), the Hyderabad Metropolitan Development Authority (HMDA) has decided to terminate the project and prepare the valuable land for auction, potentially yielding around Rs 12,000 crore. HMDA has requested the Centre to de-notify the IT SEZ, allowing the state government to reallocate the land for generating revenue. Officials revealed that approximately 90 to 95 acres of the original designation are currently available and could be auctioned following the necessary approvals. The planned SEZ was first proposed by the…