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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Real Estate Jobs May Reach 100 Million by 2030: Report

Representative AI image NEW DELHI: Employment in India’s real estate sector could soar to nearly 100 million by 2030, up from an estimated 70 million currently, according to a joint report from KPMG and NAREDCO. The report highlights that the existing job base encompasses construction, sales, design, and allied industries. It adds that every new real estate project generates demand across a broad supply chain, including cement, steel, bricks, paint, glass, fittings, logistics, and a variety of services. The study assesses India’s real estate market to be approximately ₹26.4 trillion now, with projections estimating growth to around ₹88 trillion by…

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Shriram Properties Buys 4 Acres in Bengaluru

Representative image NEW DELHI: Shriram Properties (SPL) has successfully acquired a four-acre land parcel on Sarjapur Main Road in South-East Bengaluru through an outright purchase. The company intends to develop a high-rise residential project on this site, which is projected to encompass approximately five lakh square feet of saleable area with an estimated gross development value (GDV) of ₹550-600 crores. The launch of the project is anticipated in the latter part of 2026. Additionally, SPL has recently completed the acquisition of 100% equity shares in Shrivision Upscale Spaces on February 9, 2026, through a cash transaction at ₹10 per share…

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Goa Achieves 25% Completion of Land Records Update

Representative AI image PANAJI: Despite initial resistance from some communities, the state government has successfully completed approximately 25% of the work needed to update land records and issue urban property cards (UrPro) to landowners. Concerns arose that the survey could affect certain village areas slated for municipal inclusion and might lead to the confiscation of properties owned by individuals residing abroad or those with no legal heirs. A senior official indicated that the government aims to complete the survey by the end of February, but if it remains unfinished, they will seek additional time from the authorities. The Goa (National…

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Odisha Officials Visit Chennai for Affordable Housing Insights

BHUBANESWAR: A delegation from the Odisha government recently visited Chennai to explore affordable housing and urban habitat programs backed by the World Bank and the Asian Development Bank (ADB), according to an official statement released on Friday. Led by Usha Padhee, the Additional Chief Secretary of the Housing and Urban Development Department, the team aimed to understand successful models of affordable housing delivery, institutional strengthening, innovative financing frameworks, and sustainable urban habitat development in Tamil Nadu. During their visit, Padhee, along with officials from the Odisha Urban Housing Mission (OUHM), engaged in detailed discussions with senior representatives from the Tamil…

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Signature Global, RMZ Team Up for Gurugram Mixed-Use Project

NEW DELHI: Signature Global (India) has partnered with RMZ to establish a joint venture focused on a mixed-use development featuring office spaces, hotels, and retail units along the Southern Peripheral Road (SPR) in Gurugram. According to the agreement, the companies will create a 50:50 joint venture, with RMZ investing ₹1,283 crore in the project. Pradeep Aggarwal, founder & chairman of Signature Global (India), stated, “The Southern Peripheral Road has consistently developed into a significant hub for residential and commercial projects, bolstered by robust infrastructure and connectivity.” As part of this deal, RMZ will acquire a 50% stake in Gurugram Commercity…

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Ahmedabad’s Blueprint for Disaster: Build Homes, Dig Later

Representative AI image AHMEDABAD: In regions surrounding Ahmedabad city, approvals for new residential and commercial buildings are being granted before establishing underground utility networks. Shela serves as a significant example of this planning oversight. In the past decade, the Ahmedabad Urban Development Authority (AUDA) has authorized over 50 residential and commercial projects along Club O Seven Road and VIP Road in Shela, where residents have already settled. Only now is AUDA initiating the installation of stormwater, drainage, and water systems. This haphazard approach is causing significant disruptions for residents in Shela, Bhat, Manipur, Godhavi, and Sanathal. Although the state government…

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No More Land Swap: Prayagraj Body to Refund Plot Buyers with Interest

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has made a significant announcement impacting thousands of homebuyers. The authority will no longer provide alternate land to allottees in its residential schemes who bought plots but did not take possession. Instead, they will receive a refund of their payments along with interest, promoting transparency and financial relief. The official announcement, released on Friday, is anticipated to affect approximately 8,000 allottees across different residential projects. Homebuyers interested in participating in a new residential scheme can apply to have their prior payment credited towards the new allotment. The PDA has clarified that alternate plots will…

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Creditors Approve Welspun-Ashdan for Lavasa Takeover, 92% Vote

MUMBAI: Creditors of Lavasa Corp have approved the Welspun-Ashdan consortium’s takeover of India’s first privately-owned hill town project, which faced administration due to overwhelming debt. Voting results released over the weekend indicate that the consortium, consisting of Welspun subsidiary Paschim Sagar Properties and Pune-based Ashdan Properties, received 92.21% of the votes, with the larger creditors, excluding homebuyers, supporting the plan. Another competitor, Valor Estate, secured 84.16% of the votes, primarily because Axis Bank, holding 8.89% of the debt, rejected the proposal, while ACRE ARC, with 6.54% of the debt, abstained from voting. These results come amid ongoing litigation in the…

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Delhi land parcels to receive 14-digit Aadhaar numbers

Representative AI image NEW DELHI: In a bid to digitize land records and enhance accountability, the Delhi government has introduced Bhu Aadhaar. Under this initiative, each land parcel in the city will receive a 14-digit Unique Land Parcel Identification Number (ULPIN), essentially creating a digital ‘Aadhaar’ for property ownership. Chief Minister Rekha Gupta announced the initiative on Sunday, stating that protecting property rights is its primary focus. “‘Bhu Aadhaar’ is more than just a number; it serves as a robust digital tool against corruption and land disputes. Many families invest their lifetime savings in land but often face legal challenges…

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Lodha Acquires 80% Stake in Solidrise Realty for ₹294.07 Crore

NEW DELHI: Lodha Developers has signed a share purchase agreement to acquire an 80% equity stake in Solidrise Realty (SRPL) for ₹294.07 crore. Following this acquisition, SRPL will operate as a subsidiary of the company, which is actively involved in the Pune real estate market. The acquisition aims to facilitate the company’s expansion into Pune, as stated in its regulatory filing. In the earnings report for Q3 FY26, Abhishek Lodha, the managing director and CEO, announced the addition of approximately ₹340 billion in gross development value (GDV) from new project developments, including two projects currently in the pilot phase in…