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: PMC Unveils Tax Amnesty Scheme Amid Resident Opposition

PUNE: In response to recent protests from some residents, the Pune Municipal Corporation (PMC) has announced a new amnesty scheme for property tax defaulters, set to launch from November 15, 2025, until January 15, 2026. “The monthly penalty of 2% has now surpassed the original tax amount, prompting this initiative, which will provide a 75% waiver on penalties,” explained PMC’s additional commissioner, Prithviraj BP. Recently, the citizens’ group Sajag Nagrik Manch criticized the effectiveness of such schemes, stating that previous efforts have failed to encourage defaulters to pay their dues. According to the Maharashtra Municipal Corporations Act, a 2% monthly…

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Mohali Industrial Plot Price Drops from ₹8.5 Cr to ₹4.5 Cr in 4 Months

MOHALI: Industrial land prices in Mohali’s Phase 8-B have experienced a significant drop, with a 500 square yard plot being sold for Rs 4.5 crore in the recent Punjab Small Industries and Export Corporation (PSIEC) auction that concluded late Tuesday. This price is almost half of the Rs 8.5 crore achieved for the same plot size during the auction in June of this year, indicating a shift in buyer sentiment and increased availability of industrial land. The PSIEC auction included 26 plots of 500 sq yards each, offered on a 99-year leasehold basis. Participation in this round was steady but…

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GDA Dismantles Illegal Structures, Recovers ₹30 Crore Vasundhara Land

GHAZIABAD: The Ghaziabad Development Authority (GDA) has dismantled an illegal township spanning 23 hectares in Bhikhanpur and Morta, where developers had constructed roads and boundary walls. A recent survey from the GDA indicates that the number of illegal colonies has increased to 351, up from 321 in 2021, occupying a total of 2,944 acres of land, said an official. The Ghaziabad Municipal Corporation (GMC) has also reclaimed 1,600 square meters of land in Vasundhara valued at ₹30 crores. “In these areas, encroachers collaborated with land sharks to designate land for residential purposes without obtaining necessary map approvals. They established an…

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Adani Enterprises Set to Outbid Vedanta for Jaiprakash Associates

NEW DELHI: Adani Enterprises Ltd is expected to be the top bidder for the acquisition of Jaiprakash Associates Ltd (JAL) through an insolvency process, as its proposal to make payment over two years has been deemed more favorable than Vedanta’s five-year payment plan, sources indicated. In early September, Vedanta Group had outbid Adani Group with a net present value (NPV) offer of Rs 12,505 crore in an auction led by lenders to find buyers for JAL, which operates in sectors including real estate, cement, power, hotels, and roads. Dalmia Cement (Bharat) Ltd, Jindal Power Ltd, and PNC Infratech Ltd did…

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Anant Raj Q2 FY26 Profit Rises 31% to ₹138 Crore

NEW DELHI: Anant Raj Ltd, a prominent real estate company, announced a 31% increase in its consolidated net profit to Rs 138.18 crore for the quarter ending September 30, 2025, compared to Rs 105.65 crore in the same quarter last year. Total income for the July-September period soared to Rs 640.89 crore, up from Rs 523.75 crore a year earlier, as per a regulatory filing. Anant Raj Ltd is recognized as one of the leading developers in the country, focusing on both residential and commercial developments, including data centers. Published on Nov 9, 2025, at 12:00 PM IST Join the…

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Malabar Hill Redevelopment: Ultra-Luxe Towers Transform Skyline

MUMBAI: Malabar Hill, the peak of affluence in south Mumbai, is experiencing significant changes as redevelopment projects take root in this upscale area. While long-standing residents watch in dismay as old structures are set for demolition and heavy machinery arrives, Mumbai’s top developers are clinching lucrative agreements with housing societies. The emergence of new skyscrapers has raised concerns among locals regarding Malabar Hill’s ability to handle increased construction. One developer’s brochure states, “Such opportunities are rare in Malabar Hill—South Mumbai’s most prestigious address, where new developments are nearly unheard of. We are excited to introduce a limited selection of private…

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Pune PMC Issues Demolition Guidelines for Old Properties

PUNE: The Pune Municipal Corporation (PMC) has issued new directives for developers regarding the safe demolition of properties slated for redevelopment. As per the PMC’s recently released guidelines, developers are required to notify both the fire brigade and adjacent property owners during the demolition of older structures. If there’s a risk of damage to neighboring properties, those premises must be vacated. “New building permissions are contingent upon strict adherence to the PMC’s regulations for safe and secure demolitions. Developers must submit photographic evidence of compliance,” stated Rajesh Bankar, a senior official in the PMC’s building permission department. In addition to…

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YEIDA Offers One-Year Relief to Plot Allottees, Unveils New Policy

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) held a board meeting where several important decisions were made to aid plot allottees, enhance mobility, and improve regional infrastructure in preparation for the impending launch of the Noida International Airport. During the meeting on Friday, approvals included time extensions for plot development, a new one-time settlement (OTS) policy, the design approval for the Authority’s new headquarters, and the introduction of hydrogen-fueled buses in collaboration with NTPC. YEIDA extended the deadline for allottees of residential plots who are unable to start construction due to pending land availability and infrastructure issues.…

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Puravankara’s Q2 FY26 Net Loss Expands to ₹43 Crore

NEW DELHI: Puravankara has reported a net consolidated loss after tax of ₹42.99 crore for the quarter ending September 30, 2025, compared to a loss after tax of ₹17.06 crore for the same quarter last year, as stated in a filing to the BSE. The company’s net consolidated total income for Q2 FY26 reached ₹662.73 crore, marking a 27.53% increase from ₹519.68 crore recorded in the same quarter of the previous year. Ashish Puravankara, managing director, stated, “In Q2 FY26, we maintained strong growth, driven solely by sustainable sales, achieving pre-sales of ₹1,322 crore and collections of ₹1,047 crore, both…

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Signature Global reports ₹46.86 crore loss in Q2 FY26

NEW DELHI: Signatureglobal (India) reported a net consolidated loss after tax of ₹46.86 crore for the quarter ending September 30, 2025, a decline from a profit of ₹4.15 crore in the same quarter of the previous fiscal year, according to their BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹372.51 crore, representing a 52.08% decrease from ₹777.42 crore in the corresponding quarter last year. During Q2 FY26, the management of the group opted to sell its investment property in the NCR region, successfully securing ₹5 crore from this transaction. Published on Nov 7, 2025 at 05:03…