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

Mahindra Lifespace Q2 FY26 Net Profit at ₹47.91 Crore

NEW DELHI: Mahindra Lifespace Developers announced a net consolidated profit of ₹47.91 crore for the quarter ending September 30, 2025, a significant turnaround from a loss of ₹14.01 crore in the same quarter last year, as reported in a BSE filing. The company’s total consolidated income for Q2 FY26 reached ₹33.06 crore, reflecting a 107.14% increase from ₹15.96 crore in the corresponding quarter of the previous fiscal year. Amit Kumar Sinha, Managing Director & CEO, stated, “Our business development momentum remains strong with year-to-date GDV additions of ₹9,500 crore. The IC&IC sector is witnessing robust traction in Jaipur and Chennai,…

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Rajasthan: RIICO Launches 6,000 Direct Allotment Plots

Representative image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has launched the sixth phase of its direct allotment scheme for investors who have signed MoUs with the state government as part of the Rising Rajasthan Global Investment Summit. The application window will remain open until October 14 for MoU holders to apply for industrial plots. In this phase, RIICO is offering 6,000 industrial plots across 100 industrial areas, with special reservations for entrepreneurs from SC/ST, women, ex-servicemen, and persons with disabilities. During the previous phase in September, RIICO received 322 applications for 224 plots, with significant interest…

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Promoter unveils ₹18,000 crore plan for Jaiprakash Associates

MUMBAI: The promoter of Jaiprakash Associates (JAL) has re-entered the competition to reacquire control of the heavily indebted infrastructure company with a new ₹18,000 crore resolution plan, although lenders are skeptical about the previous owner’s capacity to raise the necessary funds. The latest proposal from the Gaur family, the promoters of Jaypee, surpasses offers made by Vedanta and the Adani Group for JAL, which holds significant land assets around Greater Noida and the Noida Expressway. “The promoter has submitted a new plan valuing the business at ₹18,000 crore, exceeding Vedanta’s offer,” said a source with knowledge of the situation. Vedanta…

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Bengaluru agency recovers ₹12 crore in encroached BTM Layout land

BENGALURU: On Monday, the Bangalore Development Authority (BDA) successfully reclaimed a valuable land parcel in BTM 1st Stage, valued at approximately Rs 12.3 crore. Officials reported that unauthorized compounds and sheds were illegally built on BDA property situated in Survey No. 50 of Tavarekere village, Begur Hobli, Bengaluru South taluk. The BDA task force, under the guidance of the executive engineer from the south division and with police assistance, moved to demolish the encroachments. The BDA recovered 6,629 sqft of land. This action is a part of a broader initiative aimed at identifying and reclaiming government and BDA lands that…

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Housing Minister Demands Action on Builders Delaying Projects

File Photo NEW DELHI: Housing and Urban Affairs Minister Manohar Lal Khattar has requested information on the number of real estate projects that have had their deadlines extended, as well as actions taken against developers with incomplete projects despite receiving three extensions. This request arises amid increasing concerns regarding builders’ failure to meet project completion commitments under RERA. According to the minutes from the latest Central Advisory Council (CAC) meeting—which included representatives from state RERAs, state governments, consumer bodies, and builders—Khattar’s request followed comments from Haryana RERA Chairperson Arun Kumar. Kumar noted that the project completion timeline is established by…

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Maharashtra Charity Chief Cancels Jain Trust Property Sale

PUNE: On Thursday, the Maharashtra charity commissioner ordered the cancellation of the sale of a prime property in Pune belonging to a Jain trust, following community protests over recent days. This decision was prompted by the construction firm Gokhale Landmarks LLP and the Seth Hirachand Nemchand Digambar Smarak Trust’s request to terminate the sale deed concerning the 3.5-acre property in Model Colony, which includes a boarding facility and a Jain Temple. The charity commissioner has revoked the April 2025 order that permitted the Seth Hirachand Nemchand Digambar Smarak Trust (SHNST) to enter into an agreement with Gokhale Landmarks. According to…

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DLF Q2 FY26 Net Profit Falls 14.56%

NEW DELHI: DLF has reported a 14.56% decrease in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax was ₹1,180.09 crore in Q2 FY26, down from ₹1,381.22 crore in the same quarter the previous fiscal year, as per a filing with the BSE. The company’s net consolidated total income for Q2 FY26 was ₹2,261.80 crore, marking a growth of 3.71% compared to ₹2,180.83 crore in the corresponding quarter last year. During the quarter, DLF Home Developers (DHDL), a wholly-owned subsidiary, redeemed 60,000 8.50% senior, secured, rated, listed, redeemable, guaranteed, Rupee-denominated non-convertible debentures (NCDs) worth…

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Lodha Developers’ Q2 FY26 net profit jumps 86.67%

NEW DELHI: Lodha Developers has announced an impressive 86.67% increase in its net consolidated profit for the quarter ending September 30, 2025. Their profit after tax reached ₹789.80 crore in Q2 FY26, compared to ₹423.10 crore in the same quarter last year, as stated in a filing to the BSE. The company’s total consolidated income for Q2 FY26 was ₹3,878.90 crore, marking a 44.49% rise from ₹2,684.60 crore in the corresponding quarter of the previous fiscal year. Abhishek Lodha, MD & CEO of the company, expressed, “We are delighted to report our best-ever Q2 performance, achieving pre-sales of ₹45.7 billion,…

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Kerala Eases Building Rules for Simpler Permit Process

THIRUVANANTHAPURAM: The government has launched major amendments to the state’s building regulations to streamline the approval process, enhance transparency, and expedite construction permits. Local self-government and excise minister M B Rajesh announced these changes on Wednesday, stating that they were informed by feedback from district-level adalats and consultations with experts, town planners, and industry representatives. The most significant reform is the expansion of the self-certified permit category. Residential buildings up to 300 sq m are now eligible for instant approval without height restrictions, allowing almost 80% of homes to receive permits automatically when applications are submitted online. For commercial buildings,…

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Dharavi Redevelopment: SRA Named Planning Authority for Salt Pan Land

Representative image MUMBAI: The Dharavi Redevelopment Project (DRP) and the Slum Rehabilitation Authority (SRA) have been designated as the special planning authority for the 42.51-acre Jamasp Salt Pan land located in Mulund East. According to a notification released on October 27 by the state urban development department, the SRA has been assigned this authority over the Dharavi area and the adjacent railway land included in the rehabilitation initiative. Additionally, it has authority over the 8.5-hectare Kurla Dairy site. The Mulund salt pan is part of the 256 acres the Centre has approved to be transferred for the Dharavi redevelopment project,…