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

Maharashtra Cabinet Makes 21 Decisions, Scraps Asset Firm

MUMBAI: In an unprecedented move, the Maharashtra cabinet made 21 decisions in its Tuesday meeting, which included the dissolution of the state’s asset reconstruction company, Maha ARC Ltd., and the approval of a Rs 2,000 crore HUDCO loan guarantee for a transport corridor. The decisions were made shortly before State Election Commissioner Dinesh Waghmare announced that elections for 246 municipal councils and 42 nagar panchayats in Maharashtra are set for December 2, with vote counting scheduled for December 3. An official statement from the Chief Minister’s Office (CMO) confirmed that the Finance Department’s proposal to close Maha ARC Ltd was…

IndustryLatest Stories

M3M India to Invest ₹7,200 Crore in Delhi Integrated City

NEW DELHI: M3M India is set to invest around ₹7,200 crore to create Gurgaon International City (GIC) on the Dwarka Expressway Link Road in New Delhi. This integrated township, spread over 150 acres with plans for expansion to 200 acres, is projected to generate a revenue of approximately ₹12,000 crore. Pankaj Bansal, the company’s promoter, stated, “Our vision is to draw global corporations and enterprises that epitomize future innovation and sustainable growth.” The initial phase of Gurgaon International City (GIC), covering 50 acres and already RERA-approved, will feature 300 plots. The development will comprise data centers, innovation parks, EV hubs,…

IndustryLatest Stories

Embassy REIT Q2 FY26 Net Operating Income Up 15%

NEW DELHI: Embassy Office Parks REIT announced a 15% rise in its net operating income (NOI), reaching ₹927 crore for the second quarter of this fiscal year. The company’s revenue from operations increased by 13% year-on-year, totaling ₹1,124 crore for the July-September quarter, as per a regulatory filing. The Board of Directors of Embassy Office Parks Management Services Pvt Ltd declared a distribution of ₹617 crore, or ₹6.51 per unit, to unitholders for the second quarter of this fiscal year. The record date for this distribution is November 8, 2025, with payments scheduled on or before November 14, 2025. In…

IndustryLatest Stories

Mindspace REIT’s NOI Up 26% to ₹634 Crore in Q2 FY26

NEW DELHI: Mindspace Business Parks REIT announced a 26% rise in its net operating income (NOI), reporting Rs 634 crore for the second quarter of the fiscal year, up from Rs 504 crore in the same period last year. The company will distribute Rs 355 crore to unitholders for this quarter, which marks a 16.3% increase from Rs 305 crore last year, according to a regulatory filing. Ramesh Nair, CEO and MD of Mindspace REIT, stated, “This quarter, Mindspace REIT maintained its strong momentum with leasing of 0.8 million sq ft and a re-leasing spread exceeding 28%. This reflects robust…

IndustryLatest Stories

Arvind SmartSpaces Q2 FY26 Net Profit Falls 57.61%

NEW DELHI: Arvind SmartSpaces has announced a 57.61% drop in its net consolidated profit for the quarter ending September 30, 2025. Profit after tax for Q2 FY26 was ₹18.06 crore, compared to ₹42.60 crore in the same quarter last year, according to a BSE filing. The company reported a net consolidated total income of ₹144.03 crore for Q2 FY26, marking a 46.51% decline from ₹269.28 crore in the previous fiscal year’s corresponding quarter. Priyansh Kapoor, CEO and Whole-Time Director, stated, “We have recently signed a new joint development project in Vadodara with a top-line potential of ₹700 crore. Our balance…

IndustryLatest Stories

Noida Airport Ready, But 94% Business Plots Unused Along Yamuna

Representative Image NOIDA: As Uttar Pradesh rushes to finalize the Noida International Airport, a government survey has revealed that a significant portion of industrial land along the Yamuna Expressway—projected as a major growth corridor—remains undeveloped, hindering the region’s industrial potential just months ahead of the airport’s inauguration. The ongoing Invest UP survey, ordered by Chief Minister Yogi Adityanath earlier this year, indicates that more than 8,200 out of 33,493 industrial plots surveyed statewide are unutilized. This issue is particularly pronounced in the Yamuna Expressway Industrial Development Authority (YEIDA) area, where a staggering 94% of the 3,476 plots lack any development.…

IndustryLatest Stories

Shriram Properties Partners on Five-Acre Project in South Bengaluru

NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement (JDA) for a five-acre land parcel located on Bannerghatta Road in South Bengaluru. According to Akshay Murali, Vice President (Business Development) at the firm, “Bannerghatta Road offers excellent connectivity, a vibrant social ecosystem, and tranquil green surroundings, making it perfect for discerning homebuyers who desire both exclusivity and convenience.” The company aims to create a villa community with an estimated gross development value (GDV) of over ₹350 crore. The project is anticipated to launch in FY26. Published On Nov 3, 2025 at 02:00 PM IST Join a community…

IndustryLatest Stories

Kerala’s land lease defaulters owe ₹665 crore to government

THIRUVANANTHAPURAM: The state has identified 584 individuals and organizations occupying government-leased land without fulfilling lease obligations or paying dues, totaling arrears of Rs 665.30 crore. Government data offers a district-wise breakdown of these pending recoveries, though it admits a lack of compiled records on the extent of land held by violators. The data reveals a widespread pattern of violations, contrasting sharply with the value of unpaid dues. Notably, Thiruvananthapuram has 157 violators with debts of Rs 104.70 crore, while Ernakulam has 60 defaulters, the highest in the state at Rs 280 crore, highlighting the high market value of government land…

IndustryLatest Stories

Maharashtra Revamps Rules for Redevelopment Projects

MUMBAI: The Maharashtra government has announced proposed amendments to the Development Control and Promotion Regulations (DCPR) 2034 for Greater Mumbai, aimed at enhancing the feasibility and financial viability of redevelopment schemes under the Maharashtra Housing and Area Development Authority (MHADA). The proposal comes after MHADA approached the state government, requesting modifications to existing provisions to bolster the viability of its redevelopment projects. Currently, Regulation 31(3) permits builders to receive extra ‘fungible’ construction area, exempt from premium charges, based solely on the existing built-up area of a project. The government intends to expand this benefit to include the rehabilitation area, allowing…

IndustryLatest Stories

Real Estate Firms Surge to NCR Amid Rising Demand and Prices

Representative AI image NEW DELHI: The National Capital Region (NCR) is progressively attracting developers from Mumbai and Bengaluru, with price growth in the market surpassing other areas, experts indicate. Mumbai’s Oberoi Realty is set to introduce its initial project in Gurugram this fiscal year, while Lodha and Rustomjee are exploring land acquisition opportunities in the region, according to informed sources. Bengaluru’s Prestige Group and Sobha, early movers in the region, are now ramping up their expansion, making NCR their fastest-growing market. Godrej Properties and Tata Realty from Mumbai are also bolstering their presence in NCR. Newcomers like Dalcore are selecting…