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

Home Prices and Construction Costs May Rise if West Asia Conflict Persists

NEW DELHI: The ongoing West Asian conflict is starting to affect Indian real estate, as industry bodies CREDAI and NAREDCO report rising construction costs due to shortages in some building materials. They expressed concerns over potential delays in project completions caused by these constraints. According to CREDAI National President Shekhar Patel and NAREDCO President Parveen Jain, if the conflict continues, the input costs could rise, inevitably pushing up housing prices as well. “The Indian real estate sector remains relatively stable despite geopolitical tensions, as most raw materials are sourced domestically,” said Patel. However, he noted some temporary supply chain disruptions…

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U.P. Cabinet Approves Ordinance for Easier Land-Use Change

LUCKNOW: On Monday, the state cabinet approved an ordinance to amend Section 80 of the Uttar Pradesh Revenue Code, 2006. This amendment simplifies the land-use conversion process in areas governed by development authorities, industrial authorities, regulated zones, and the UP Housing and Development Board. Finance Minister Suresh Khanna stated that this change removes the necessity for a separate land-use conversion application when shifting land from agricultural to non-agricultural use. Khanna explained, “Once a building plan is approved by the relevant authority, it will automatically be recognized as land-use conversion.” An official highlighted that the previous system involved a two-step process:…

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Lucknow’s 2026 Budget Approves No Property Tax Hike

Sure! Here’s the rewritten content: — LUCKNOW: Residents will not experience any increases in property taxes or parking fees, as the Municipal Corporation has allocated ₹1,253 crore for development projects in its approved budget for 2026-27. The budget, along with the revised estimates for 2025-26, was presented and unanimously passed in the House by executive vice-chairperson Charanjeet Gandhi, with the presence of mayor Sushma Kharkwal, municipal commissioner Gaurav Kumar, and other officials. Mayor Kharkwal emphasized the focus on enhancing civic infrastructure without shifting the tax burden onto citizens. “No new taxes have been introduced. We aim to boost revenue through…

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Industrial plot allocations in Indore start in April

Representative image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) will commence the allotment of plots in several new industrial zones throughout the Indore region starting in April. The initiative aims to attract sectors like confectionery, food processing, plastics, and other MSME-driven industries. According to Himanshu Prajapati, the executive director of MPIDC Indore region, “MPIDC is planning to begin land allocations in new industrial areas by April. We are developing at least nine new industrial zones in Indore to draw investments across various sectors, including food processing, confectionery, plastics, engineering, and other MSME segments.” Officials indicated that this expansion is…

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Jaipur Development Body Launches Five Land Pooling Plans

Representative Image JAIPUR: The Jaipur Development Authority (JDA) has introduced five new land pooling schemes aimed at promoting organized urban growth, featuring industrial, residential, and mixed-use developments. Two of the proposed schemes will be situated along Mahal Road, while the remaining three are planned for Agra Road, Kalwar Road, and near Tonk Road in Sanganer, according to officials. JDA has designated a 127.08-hectare plot in Ramchandrapura, near Rampura and Kanwarpura villages, primarily for industrial purposes, with over 58% of the area allocated for industries and recreational spaces, including 200-foot-wide road networks. Additionally, a 266.42-hectare site encompassing Vidhani, Rampura, Kanwarpura, Jaichandpura,…

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Indore Buildings Have 15 Days to Meet Fire Safety Standards

INDORE: The district administration has initiated a comprehensive crackdown on buildings that do not meet fire safety standards. A 15-day ultimatum has been issued to all G+3 (ground plus three floors) and multi-storey buildings to address their fire safety deficiencies. “Commercial and residential high-rise building owners have two weeks to ensure their fire safety systems are fully operational. Effective Monday, special teams led by Sub-Divisional Magistrates (SDMs) will commence field inspections,” stated Collector Shivam Verma during a key meeting on Sunday. The meeting, which included Municipal Commissioner Kshitij Singhal and other officials, discussed strategies for assessing and penalizing high-risk structures.…

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Is Hyderabad’s ‘Far West’ Growth Sustainable?

Representative AI image HYDERABAD: Just a few minutes off the eight-lane Outer Ring Road (ORR) at Exit 2, the scene shifts markedly in Greater Hyderabad. The skyline flattens, roads narrow and become dusty, lighting is sparse, and shops are few and far between. However, there’s no shortage of billboards advertising new residential projects, ongoing constructions, and local property broker offices. These promotional materials come with enticing offers: “Pay nothing until completion,” “20% now, 20% annually,” and “Zero GST.” As you drive from Kollur towards Patancheru, pass through Mokila (northwest) and Tellapur (southwest), the landscape remains virtually unchanged. This area is…

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Manufacturing Demand Spurs Development of Industrial Townships

Property developers are increasingly focusing on integrated industrial townships to leverage the government’s goal of boosting manufacturing’s share to 25% of GDP by 2035. Experts suggest this shift will enhance demand for industrial plots as a viable investment option. Major developers like M3M, Signature Global, Reliance, and LML Realty are actively creating industrial townships in the NCR. In the southern region, Brigade Group has launched Brigade Industrial Park, a 25-acre project in Devanahalli, North Bengaluru, as part of its expansion into industrial real estate. “Much of the activity is concentrated in a few locations where infrastructure, connectivity, and execution align…

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ED Flags Indian Credit Card Transactions for Dubai Real Estate

MUMBAI: As rain dampens Dubai, the property market faces stress, prompting Indian buyers who used credit cards for their purchases in Dubai to receive notices from the Enforcement Directorate (ED). These buyers often used international credit cards (ICCs) during their visits to the Emirates for initial deposits or clicked on developer-sent payment links, likely unaware that they were violating Indian laws. Sources indicate that at least three individuals received notices from the ED in February, inquiring about the source of their funds for these transactions. Credit card transactions are treated as short-term loans, and foreign exchange regulations restrict individuals from…

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Global Investors Target GIFT City Amid West Asia Tensions

MUMBAI: Growing geopolitical tensions in West Asia are leading some global investors and non-resident Indians to reevaluate their concentrated investments in Dubai. This has resulted in increased inquiries about India’s International Financial Services Centre at GIFT City. While Dubai continues to be a major capital hub for wealth management and investments, recent market volatility is prompting a diversification strategy, as investors look for jurisdictions that offer regulatory stability and are closer to growth markets like India. “The geopolitical instability in West Asia is reflected in the rising interest for office space at GIFT City, particularly among institutions and intermediaries who…