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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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…

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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…

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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…

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Odisha: Tehsil Office Land Registration Starts November 1

BHUBANESWAR: The Odisha government is set to decentralize property registration by launching land registration services at tehsil offices across the state starting November 1. Revenue and Disaster Management Minister Suresh Pujari announced on Thursday that Chief Minister Mohan Charan Majhi will inaugurate the initiative, which will initially cover 44 tehsils, with plans to expand to all 273 by December. The new system enables citizens to book registration slots online and conduct sale deed transactions at their local tehsil offices, eliminating the need for trips to district-level sub-registrar offices. Existing registration services at sub-registrar offices will continue to operate alongside the…

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Bengaluru Allows 15% Regularization for Minor Building Deviations

BENGALURU: In a significant development, the Karnataka government has granted relief to building owners statewide who have deviated by up to 15% from their sanctioned plans. Owners can now apply for revised plans by paying a designated fine that corresponds to the extent and nature of their deviations. While this current order does not cover the Greater Bengaluru Area (GBA), residents can look forward to potential good news. The town planning unit in GBA is working on a similar draft bill aimed at regularizing building deviations of up to 15% in Bengaluru. Officials stated that since the GBA is not…

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Karnataka Builders Hit with Heavy Fines for Plan Violations

BENGALURU: The Karnataka government has updated the penalty rates for buildings that have been constructed against approved plans within urban local bodies. A recent government directive allows these buildings to obtain revised plans if they pay a specified fine, provided that deviations are within 15 percent of the sanctioned setback limits. Under the new regulations, residential, industrial, and other non-commercial structures in Town Panchayat areas will incur a fine of ₹1,000 per square metre, while commercial buildings will face a penalty of ₹1,500 per square metre. For Municipal Council areas, the fines are set at ₹1,200 and ₹1,800 respectively; in…

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No 40% Rate Hike Yet, Ghaziabad Adjusts Shop Rates

GHAZIABAD: The district administration has opted not to implement the proposed property circle rate increase of up to 40%, instead making only minor adjustments to last year’s rates to correct “technical anomalies”. The new rates, which remain largely the same as those from 2024, were sanctioned by District Magistrate Ravindra Mandar on October 31 and took effect on November 1. A September proposal had suggested a 5-15% increase in residential plot values, with a 10-40% hike in flat rates based on location, and potential increases of up to 40% for large integrated townships like Wave City. There were also recommendations…

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SRA to Map All Mumbai Slum Structures by Dec 2025

NEW DELHI: The Slum Rehabilitation Authority (SRA) has set a goal to map every slum structure in Mumbai by December 2025 as part of a tech-driven reform initiative aimed at expediting slum rehabilitation schemes, according to CEO Mahendra Kalyankar. The SRA has launched digital innovations, including a STQC-certified web portal available in 25 languages, integrated online modules with role-specific access, blockchain-based document approvals, and chatbot-enabled consumer interfaces. These enhancements are designed to improve transparency, accelerate project approvals, and heighten accountability in scheme implementation. Sukhraj Nahar, president of CREDAI MCHI, noted that the SRA’s embrace of technology and development-oriented approach has…

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Tamil Nadu’s Land Reforms Dept. Sets Record Maintenance Guidelines

Representative image CHENNAI: The land reforms department has issued a comprehensive circular to district collectorates and revenue officers, outlining the protocols for maintaining documents to ensure their accessibility and longevity. This initiative follows criticism from the state information commission regarding the inadequate upkeep of records, which has resulted in numerous Right to Information Act petitions being denied due to the unavailability of requested documents. The circular emphasizes that records concerning patta transfers, land acquisitions, ownership details, land reclassification, encroachments, government land leases, land surrenders, and tax schemes must be systematically maintained by local district collectorates, with copies submitted to the…

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Partial OCs for Greater Noida Projects with 25% Advance

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has opted to issue partial occupancy and completion certificates to developers who have made advance payments in line with the UP government’s rehabilitation policy for stalled projects. This decision, announced on Tuesday, aims to provide immediate relief to countless buyers awaiting their flats for years and to developers grappling with project completion due to financial and bureaucratic obstacles. According to the new order, developers who have paid at least 25% of their recalculated dues—considering the two-year grace period granted during the Covid pandemic—and have made additional payments towards the remaining 75%, will…