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

Indore Property Survey Controversy: Mayor Halts Drive for SOP

INDORE: A significant controversy arose over the Indore Municipal Corporation’s (IMC) ward-wise property tax survey late Saturday evening, leading to a standoff at the Bhanwarkuan police station and multiple FIRs. The situation prompted political intervention, with cabinet minister Kailash Vijayvargiya calling for an emergency meeting. The conflict began in Ward 74, where IMC mobilized staff from 22 zones for a property tax assessment. On Saturday, an altercation occurred between area revenue officer (ARO) Shailendra Singh and local politician Sunil Hardia (the husband of a corporator) along with his son. This led to a confrontation at the Bhanwarkuan police station. An…

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TRSCL to Hold E-Auction of Plots Starting October 28

Representative image HYDERABAD: The Telangana Rajiv Swagruha Corporation Limited (TRSCL) is set to hold an e-auction for open plots located in Kurmalguda, Thorrur, and Bahadurpally from October 28 to 30. The plots in Kurmalguda vary from 200 to 300 square yards, whereas those in Thorrur range from 200 to 500 square yards. The starting price is set at ₹20,000 per square yard for Kurmalguda and ₹25,000 for Thorrur. In Bahadurpally, the base price is ₹27,000 per square yard, while corner plots will start at ₹30,000 per square yard. The minimum bidding increment is ₹500 per square yard. The e-auction for…

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Goa Housing Board Approves Legal and IT Departments

PANAJI: The Goa state cabinet has recently approved the establishment of a legal and IT cell within the Goa Housing Board (GHB), which will add 11 new positions to the board. The GHB is a statutory entity created under the Goa, Daman and Diu Housing Board Act of 1968. Its primary goal is to provide affordable housing to the Goan population. In addition, the board implements commercial projects and allocates land to organizations, operating as a self-sustaining body without government grants or assistance. During its meeting, the board authorized the formation of both a legal cell and an IT cell.…

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Rajasthan: RIICO Eases Land Norms, Risks Revenue Losses

Representative image created by AI JAIPUR: In a significant policy update, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has revised land use regulations for industrial zones, implementing major changes to the Disposal of Land Rules from 1979. The amendment, issued on Friday, enables the conversion of industrial plots into commercial, residential, institutional, and mixed-use categories, subject to new charges and procedures. The new framework facilitates the transition of one authorized land-use type to another, representing a notable change in the planning and utilization of industrial land. Under these updated guidelines, changing industrial plots to commercial use will incur…

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UP Govt Supports Noida Authority’s Plan to Cancel 29 Idle Plots

NOIDA: The Uttar Pradesh industrial development department has upheld the Noida Authority’s decision to revoke the land allotment of 29 industrial allottees due to failure to initiate construction, despite several extensions and relaxations from the state government. On October 23, additional chief secretary (industrial development) Alok Kumar dismissed a revision petition from Elevator IT Solutions Ltd, which contested the Noida cancellation order from July 10, 2023, deeming it arbitrary and inconsistent with lease terms. The dispute arose over a 4,130 sqm plot in Sector 62, originally allocated for IT/ITES activities in 2008. According to the lease deed executed on August…

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Pune: Cluster Redevelopment of Wadas Faces Policy and Resident Hurdles

Representative image PUNE: Nearly eight years after its proposal, progress on the cluster development initiative aimed at redeveloping aging wadas and deteriorating buildings in the city has been minimal, according to data from the Pune Municipal Corporation (PMC). The topic has resurfaced due to opposition from residents of Lokmanyanagar, a neighborhood with 52 housing societies and over 800 flats. Many buildings, built in the 1960s, are facing issues like cracked walls, irregular water supply, and inadequate drainage systems. Kasba Peth MLA Hemant Rasane commented, “Many properties are suffering due to a lack of response to cluster development. We should explore…

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Karnataka Sets Rules for Layout Approvals on Converted Land

BENGALURU: The Karnataka Department of Rural Development and Panchayat Raj has issued guidelines for the design approval process for layouts on converted lands within gram panchayat limits but outside designated planning areas. As stated, under Section 199(B) of the Karnataka Gram Swaraj and Panchayat Raj (Amendment) Act, 2025, the appropriate authority—either the Gram Panchayat or a government-nominated authority—must secure prior approval from the competent planning authority with jurisdiction over the layout plan. This approval is essential prior to issuing a new ‘khata’ or Property Identification (PID) number for construction-related sites, the statement noted. Developers are mandated to submit an application…

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Chennai Patta Transfers Delayed Despite Digitized Land Records

CHENNAI: While the Survey and Settlement Commissionerate has digitized land records and enabled software integration between revenue and registration departments to facilitate patta transfers, city residents are still experiencing delays. Several applicants report waiting weeks to see title changes in their patta post-registration. Previously, the process for buyers and sellers was tedious, requiring mandatory visits to taluk offices for patta transfers, land measurements, and other services related to land records. Now, the system has transitioned online, significantly reducing the time needed to obtain documents and diminishing opportunities for corruption. Under the updated system, title changes in the patta can occur…

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Kolkata’s Sector V to Pay Property Tax via UAA Next Year

KOLKATA: NDITA has submitted its final proposal to the state regarding the implementation of the unit area assessment (UAA) system for property tax collection in Sector V. This draft proposal from NDITA outlines that the property tax for each holding will be calculated by multiplying its annual valuation by the applicable tax percentage set by the government, ensuring that no property tax exceeds 30% of the annual value of land and buildings in the region. An NDITA official shared, “Several modifications have been incorporated into the draft, which has been approved by the valuation board. The completed proposal is now…

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NA Tax Scrapping Awaits GR; Pune Societies Get Notices

PUNE: Nearly a year after the state cabinet’s decision to abolish the non-agricultural (NA) tax in urban areas, housing societies are still awaiting an official government resolution (GR) to confirm the tax exemption. Several societies in Pune and Mumbai have received NA tax notices, leading some to pay the dues to avoid potential administrative actions. The NA tax, rooted in colonial times, is levied on properties built on agricultural land converted for non-agricultural use within municipal limits, excluding gaothan (village) areas. The cabinet’s decision to abolish this tax was made last October, but the law and judiciary department has delayed…