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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Delayed Policy Execution Hinders Investment: NAREDCO Chair

INDORE: Delays in the implementation of urban development policies are hindering growth and discouraging private investments, stated Dr. Niranjan Hiranandani, Chairman of NAREDCO, during a discussion on Friday. He highlighted issues related to master planning and stamp duty structures in Madhya Pradesh. “If policies are passed but executed with delays, development will stagnate and investments will decline,” he explained, noting that uncertainty in planning frameworks adversely affects capital flow into real estate and infrastructure. He pointed out that the Development Plan for Bhopal expired in 2005 and a revision is still pending. Similarly, Indore’s master plan expired in 2021. “This…

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Chandigarh Forms New Panel for Rehabilitation Colony Decisions

CHANDIGARH: The Chandigarh administration has established a new committee to assess the future of approximately 35,000 housing units in the city’s rehabilitation colonies. This decision comes as residents continue to demand ownership rights and disputes over illegal transfers and occupancy persist. The committee is tasked with evaluating the current status of these properties, examining the legal framework that governs them, and reviewing approaches taken by other cities to deal with similar issues within rehabilitation schemes. Chief Secretary H Rajesh Prasad confirmed the committee’s formation and has instructed them to submit their findings promptly. The administration will make its final decision…

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Jharkhand Housing Board Warns Dhoni Over Plot Misuse

File Photo RANCHI: The Jharkhand State Housing Board has sent a notice to former India cricket captain Mahendra Singh Dhoni regarding the alleged misuse of a residential plot in Ranchi, according to an official statement made on Friday. The notice accuses Dhoni of using the plot, which was allocated for residential purposes, for commercial activities. “A residential plot was allotted by the Jharkhand State Housing Board to cricketer Mahendra Singh Dhoni, but it has been found to be used for commercial purposes. We have issued a notice to him for violating the rules and regulations,” said Sanjay Lal Paswan, chairman…

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SWAMIH Fund Approves ₹115 Crore for Antriksh Valley Project

Representative AI image NEW DELHI: The SWAMIH Investment Fund I, supported by the government, has approved an investment of up to ₹115 crore for the completion of the stalled residential project Antriksh Valley (now known as The Valley) in Greater Noida West’s sector 1. As per the sanction letter, the fund’s investment committee has granted final approval for an investment of up to ₹95 crore, with an additional ₹20 crore contingent upon further internal approvals and project progress review. This investment will be made through non-convertible debentures (NCDs) issued by Diligent Builders, the project developer. The funds will be strictly…

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Vedaanta Senior Living to invest ₹50 crore in Tamil Nadu project

NEW DELHI: Vedaanta Senior Living has partnered with Sameera Group to create the Vedaanta Ananta senior living project in Chengalpattu, Tamil Nadu. The project will be developed within the integrated township of Sameera Universe, with a total investment of ₹50 crore. Covering over four acres, the project will include 69 senior living villas, with prices starting at ₹50 lakh, plus applicable charges. Rahul Sabharwal, co-founder and director of the company, stated, “Tamil Nadu is a mature and high-potential market for organized senior living in India. Our goal is to cultivate environments where seniors can maintain independence, stay engaged, and age…

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Panel to Investigate Alleged Housing Fraud in Navi Mumbai

MUMBAI: An investigation into the alleged housing fraud in Navi Mumbai will be led by a committee which includes a representative of the Additional Chief Secretary from the Urban Development Department, as announced by Minister Uday Samant in the legislative council on Wednesday. The inquiry aims to scrutinize allegations of regulatory non-compliance in the construction of affordable housing, he mentioned. The Industries Minister is authorized to address questions and motions during the state legislature’s Budget session on behalf of Deputy Chief Minister and Urban Development Minister Eknath Shinde. Samant stated that actions will be taken against CIDCO officials who approved…

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Merlin Group Buys 3.3 Acres Near Pune’s Koregaon Park for ₹273 Cr

Representative Image MUMBAI: The Merlin Group has acquired a 3.26-acre land parcel in the Mundhwa area near Koregaon Park, Pune, for ₹273 crore. Merlin Prime Spaces, a subsidiary of the Kolkata-based property developer, plans to construct a commercial project on this site with a total investment exceeding ₹1,000 crore, which includes the land cost. “We intend to develop an office-led commercial project aimed at banking, financial services, insurance companies, and global capability centers,” stated Saket Mohta, MD of Merlin Group, to RealtyDailyNews. The project is expected to complete by 2030 and could be valued around ₹3,000 crore upon occupation. The…

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DDA Grants ₹775 Crore Quarters Redevelopment to NBCC

Dilapidated DDA quarters beside a modern high-rise reflect Delhi’s urban transformation in the afternoon sun. NEW DELHI: State-run NBCC (India) has been awarded redevelopment contracts totaling approximately ₹775.27 crore from the Delhi Development Authority (DDA) for a complete overhaul of staff housing colonies in the capital. According to a regulatory filing, the contracts include the redevelopment of DDA staff quarters at Old Rajinder Nagar (ORN) worth about ₹437.79 crore and at Safdarjung Development Area (SDA) valued at ₹337.48 crore. The total project value, excluding GST, is ₹775.27 crore. The projects have been awarded under a project management consultancy (PMC) model…

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Brigade Group and Primus to Launch Three Senior Living Facilities

NEW DELHI: Brigade Group has teamed up with Primus Senior Living to introduce three senior living communities across Bengaluru and other areas in South India. The forthcoming developments are projected to have a gross development value (GDV) of around ₹750 crore, with two of the three projects integrated into larger township developments. “This collaboration marks a significant milestone in our efforts to broaden Brigade Group’s presence in senior living,” stated Pavitra Shankar, Managing Director of Brigade Enterprises. Published On Feb 27, 2026 at 07:16 AM IST Join over 2 million industry professionals. Subscribe to our newsletter for the latest insights…

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Hyderabad’s Property Tax Arrears Exceed ₹3,000 Crore

HYDERABAD: Property tax arrears in the three municipal corporations of Greater Hyderabad have surpassed an alarming ₹3,000 crore, exceeding both the current fiscal’s collections and its target. By the time the ongoing one-time settlement (OTS) scheme—offering a 90% waiver on accumulated interest on arrears—expires on March 31, the total arrears may likely escalate to over ₹5,000 crore. Before the trifurcation of the Greater Hyderabad Municipal Corporation (GHMC), the property tax collection target for this financial year was set at ₹3,000 crore. Thus far, the GHMC, Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MMC) have collectively managed to gather only…