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

DDA to Reclaim 123 Disputed Land Plots in South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) has announced the re-acquisition of 123 land parcels in various south Delhi villages, responding to recent Supreme Court directives regarding land acquisition disputes. This action aims to protect potential buyers from purchasing sites currently under litigation. The notice from DDA’s land management department indicates that this re-acquisition aligns with Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. “The Supreme Court has rendered several judgments concerning land acquisition, particularly focusing on the applicability of Section 24(2) in matters involving DDA and…

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Uday Kotak Named Chairman of GIFT City, Gujarat

MUMBAI: Uday Kotak, a veteran banker, has been appointed as the chairman of GIFT City in Gujarat, succeeding former bureaucrat Hasmukh Adhia, as per a government announcement. GIFT City, or Gujarat International Finance Tec-City, aims to attract global capital with its favorable tax regulations, competing with established financial hubs like Singapore and Dubai. Earlier this month, the federal government extended the tax holiday for businesses setting up in GIFT City to 20 years. Uday Kotak is the largest stakeholder in Kotak Mahindra Bank, with a diverse financial portfolio that includes alternative investments, asset management, and insurance. Published On Feb 14,…

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Centre urges unified urban planning, expanded credit for housing needs

File Photo NEW DELHI: On Friday, Union Housing and Urban Affairs Minister Manohar Lal stressed the necessity for cooperation among policymakers, financial institutions, and urban planners to improve accessibility and inclusivity in housing finance, especially with the anticipated surge in India’s urban population. During a conference organized by the National Housing Bank (NHB) and the Asia Pacific Union for Housing Finance (APUHF), the minister underscored the importance of integrated urban planning, which includes developing housing linked to transportation and innovative policies to meet future demand. Citing a joint study conducted by NITI Aayog and the Ministry of Housing and Urban…

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FPCE: Many States Fail to Publish Real Estate Reports

NEW DELHI: The Forum for People’s Collective Efforts (FPCE) has highlighted that several state real estate regulators are neglecting their legal requirement to regularly publish annual reports. In a statement this Friday, FPCE pointed out their non-compliance with Section 78 of the Real Estate (Regulation and Development) Act, 2016. “Despite clear legal obligations and repeated instructions from the Ministry of Housing and Urban Affairs, over 75% of State RERA Authorities across India have either never published annual reports, stopped publication, or are not current,” FPCE noted. The organization urged the ministry to direct all RERA authorities to submit annual reports…

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Civil Aviation Ministry Reviewing Height Norm Relaxation for Real Estate

NEW DELHI: The civil aviation ministry is conducting an analysis on potential adjustments to height restrictions for real estate developments, with the aim of facilitating quicker vertical growth in urban areas where land is limited, Minister Kinjarapu Ram Mohan Naidu announced on Friday. He stated, “The Indian real estate market is projected to reach USD 1 trillion by 2030, driven by structural reforms, enhanced transparency, and increased investor confidence. It has the capacity to grow to USD 5-7 trillion by 2047.” Naidu was addressing attendees at the National Urban and Real Estate Development Conclave-2026 held in New Delhi. He highlighted…

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Reforming Land Policies Can Boost Housing Affordability: Niti Aayog

Representative AI image NEW DELHI: Rajiv Gauba, a member of Niti Aayog, highlighted significant challenges in housing development due to land constraints. He called for comprehensive reforms to reduce land costs. “We should allocate a minimum of 10% of residential land for affordable housing in our master plans, increase permissible FARs (Floor Area Ratios) from the current 2-3 to 5-6, promote transit-oriented development, and adopt land pooling. These strategies will help reduce land costs and increase housing supply,” he stated. Currently, land accounts for 50-70% of total project costs, which is notably higher than in similar infrastructure sectors. Gauba made…

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Andhra’s First Slum Rehabilitation Authority in Visakhapatnam

Representative AI image VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has announced plans to amend the Visakhapatnam Municipal Corporation Act of 1979, marking a significant step towards establishing a Slum Rehabilitation Authority in Andhra Pradesh. This initiative aligns with the broader goal of urban redevelopment under the newly introduced Visakhapatnam Economic Region (VER) program. GVMC has initiated pilot projects for slum redevelopment in Velampeta and Indira Gandhi Nagar, submitting proposals to the state government. Both localities are set to be transformed into high-rise residential complexes. Currently, residents face challenges related to inadequate housing, cramped living conditions, poor sanitation, and a…

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Puravankara Q3 FY26 Net Profit at ₹58.34 Crore

NEW DELHI: Puravankara announced a consolidated net profit after tax of ₹58.34 crore for the quarter ending December 31, 2025, according to a filing with the BSE. This contrasts with a loss after tax of ₹92.64 crore reported during the same quarter last year. The company’s consolidated total income reached ₹1,104.06 crore in Q3 FY26, compared to ₹334.20 crore in the corresponding quarter of the previous fiscal year. The board of directors has approved the re-appointment of Ashish Ravi Puravankara as managing director for a five-year term, effective from April 1, 2026, through March 31, 2031. Additionally, the board has…

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Shriram Properties Settles Kolkata Land Issues with WB Gov.

NEW DELHI: Shriram Properties (SPL), via its subsidiary Bengal Shriram Hitech City (BSHCPL), has successfully resolved a long-standing commercial dispute with the West Bengal government. The agreement includes the transfer of 42.37 acres of land in Uttarpara, West Bengal. “With the execution and conveyance of the land, BSHCPL is fully discharged of its obligations in this matter,” stated the company. The land parcel in Kolkata covers 314 acres, with 48 acres currently utilized for ongoing projects totaling approximately five million sq ft of development. SPL aims to initiate new projects over the next five years, encompassing five to six million…

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Maharashtra Abolishes NA Tax to Boost Redevelopment of Housing Societies

PUNE | MUMBAI: State revenue minister Chandrashekhar Bawankule announced on Wednesday that the non-agricultural (NA) tax has been permanently eliminated, following directives from CM Devendra Fadnavis. This reform comes approximately a year and a half after its initial proposal and is poised to facilitate the redevelopment and regularization of aging housing societies in major urban areas like Pune, Mumbai, and Thane. The notification, issued late Tuesday, revises the Maharashtra Land Revenue Code to abolish the annual NA tax and the necessity for a separate non-agricultural land-use permit from the district collector. “This applies as long as the proposed land use…