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

Canara Bank Seeks Bids for ₹577-Crore Housing Loan Sale

MUMBAI: Canara Bank is seeking offers from financial institutions and asset reconstruction companies (ARCs) to sell its ₹577 crore debt concerning the real estate firm Supreme Housing and Hospitality, with a reserve price set at ₹500 crore through a Swiss challenge auction. The Bangalore-based bank has also filed a petition with the Mumbai NCLT to restart insolvency proceedings against the company after a one-time settlement (OTS) proposal in July did not materialize, according to a knowledgeable source. “This debt auction allows the bank to gauge interest from investors while waiting for guidance from the Mumbai NCLT. The company previously made…

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Maharashtra Gaothans Protest SRA Survey Initiative

The Mobai Gaothan Panchayat (MGP), which advocates for the indigenous East Indian community, has vociferously opposed a recent survey notice issued by the Slum Rehabilitation Authority (SRA). They claim this effort seeks to label long-established Gaothans as “slums” and funnel them into redevelopment schemes. MGP reached out to Chief Minister Devendra Fadnavis and Andheri West MLA Ameet Satam, urging them to immediately retract the SRA notices targeting Gaothans. The notices were affixed in regions such as Chakala, Sahar, Bamanwada, Ambivali, and Kalina-Vakola, outlining at least 128 clusters without specifying house numbers. This vagueness has frustrated residents, whose families have inhabited…

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Haryana Revenue Officers End Strike, Easing Property Buyers’ Woes

CHANDIGARH: In a significant development for property buyers and sellers, tehsildars and naib tehsildars announced the end of their strike on Tuesday after discussions with Sumita Misra, Financial Commissioner (Revenue), at the Haryana Civil Secretariat. Revenue officers will resume their duties starting Wednesday. The strike was in response to recent criminal and administrative actions taken against them by various government and law enforcement bodies over the past two months. The protest also involved patwaris and district revenue officers. With over 11,000 registrations pending in revenue offices, the government had tasked sub-divisional magistrates (SDMs) and district revenue officers (DROs) to step…

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Bollywood Star Power Strengthens Dubai-India Real Estate Links

BENGALURU: Dubai’s real estate developers are increasingly leveraging Bollywood celebrity endorsements to promote projects, enhance their outreach to Indian and overseas buyers, and mitigate the impact of rising supply over the coming years. From opulent waterfront residences to affordable housing, partnerships with celebrities have emerged as a pivotal marketing strategy as the Emirate prepares for a considerable number of residential constructions. Recently, several notable developers have engaged top Hindi film actors as brand ambassadors, merging aspirational lifestyles with property marketing. DAMAC Properties, one of Dubai’s largest private developers, has partnered with Alia Bhatt and Ranbir Kapoor to promote its luxury…

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Arvind SmartSpaces Q3 FY26 Net Profit Drops 41.79%

NEW DELHI: Arvind SmartSpaces has experienced a significant decline of 41.79% in its net consolidated profit for the quarter ending December 31, 2025, with a profit after tax (PAT) of ₹29.21 crore compared to ₹50.18 crore in the same quarter last year, as noted in a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹170.50 crore, down by 20.87% from ₹215.47 crore reported in the equivalent quarter the previous year. The board of directors has approved the re-designation of Priyansh Kapoor, currently the whole-time director & CEO, as managing director & CEO of the company effective…

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Ashiana Housing Q3 FY26 Net Profit at ₹56.65 Crore

NEW DELHI: Ashiana Housing has reported a net consolidated profit after tax of ₹56.65 crore for the quarter ending December 31, 2025, according to a BSE filing. This is a significant increase from the profit after tax of ₹10.85 crore recorded in the same quarter of the previous fiscal year. The company’s net consolidated total income for Q3 FY26 was ₹373.35 crore, compared to ₹139.93 crore in the corresponding quarter last year. As of December 31, 2025, the company’s net worth was ₹847.30 crore, with a debt-equity ratio of 0.38. The current liability ratio stood at 0.88, while the total…

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Karnataka Raises Build Limits for Industrial Plots

Sure! Here’s a revised version of the content: BENGALURU: On Monday, the Karnataka government approved a significant increase in the permissible built-up area on its industrial land. This policy change aims to enhance land utilization in KIADB regions and attract further investments. The state has raised the allowable ground coverage for industrial plots from 65% to 75%. “Previously, only 65% of the land could be utilized for construction, leaving 35% dedicated to setbacks and parking. We have revised this to 75%. There was a clear demand from the industry for better land use, and our assessment indicates that the city…

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Embassy Developments Q3 FY26 Loss Widens to ₹234 Crore

NEW DELHI: Realty firm Embassy Developments Ltd reported a consolidated net loss of ₹233.71 crore for the quarter ending in December. This contrasts with a net loss of ₹26.54 crore during the same period last year. Total income decreased to ₹264.01 crore in the third quarter of this fiscal year, down from ₹329.13 crore in the corresponding quarter of the previous year, as stated in a regulatory filing. Embassy Developments Ltd, previously known as Indiabulls Real Estate Ltd, is a prominent real estate developer in India, focusing on residential and commercial projects across Bengaluru, Mumbai Metropolitan Region (MMR), National Capital…

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Sri Lotus Realty’s Q3 FY26 Profit Soars 37% to ₹70 Crore

NEW DELHI: Sri Lotus Developers & Realty Ltd announced a 37% increase in consolidated net profit, reaching Rs 70.22 crore for the December quarter, compared to Rs 51.35 crore in the same period last year. The company’s total income surged to Rs 239.78 crore in the third quarter of this fiscal year, up from Rs 123.59 crore in the corresponding quarter of the previous year, as reported in a regulatory filing. Founded in 2015 and based in Mumbai, Sri Lotus Developers & Realty has successfully completed four projects totaling over 4.2 lakh sq ft of carpet area. They currently have…

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Shriram Properties Acquires Shrivision Upscale Spaces

NEW DELHI: Shriram Properties has announced the acquisition of 100% equity shares of Shrivision Upscale Spaces, as stated in a regulatory filing. This acquisition was finalized on February 9, 2026, for a cash consideration of ₹10 per share (at par). The target company has a paid-up share capital of ₹1 lakh and reported no turnover as of March 31, 2025. The company noted that this acquisition is strategic and intended for business purposes. It clarified that the transaction does not qualify as a related party transaction, emphasizing that no promoter or promoter group entities hold any interest in the acquired…