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

Chandigarh to Auction About 1,000 Vacant Government Properties

CHANDIGARH: The Chandigarh administration plans to monetize approximately 1,000 vacant properties across the city beginning in the next financial year. This initiative aims to enhance revenue and promote optimal use of government-owned land and buildings. The UT estate office has identified around 1,000 properties from residential, commercial, industrial, and institutional categories for potential auction, depending on market demand. This includes about 130 residential, 205 commercial, 168 industrial, five nursing home, and one institutional site. According to senior UT officials, the administration anticipates generating over Rs 1,000 crore in revenue during the first half of the upcoming financial year through these…

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Bhubaneswar Body Approves Demolition Plan, Sparks Outrage

Representative AI image BHUBANESWAR: In an unexpected development, the Bhubaneswar Development Authority has approved a building plan for a five-storey structure in Andilo, Balianta, on the outskirts of the city, despite a demolition order previously issued by the housing and urban development department. This approval, reportedly granted in December last year, has faced significant backlash from landowners, raising concerns about adherence to legal and regulatory directives that declared the structure unauthorized and mandated its demolition. Documents indicate that the residential building was erected without the necessary building plan approval from the BDA or a no-objection certificate from the water resources…

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Glada Recovers ₹25 Crore from Illegal Colonies in Ludhiana

LUDHIANA: The Greater Ludhiana Area Development Authority (GLADA) has sharpened its focus on regulating the local real estate sector, issuing numerous new licenses and recovering significant debts over the past six months. From July 2025 to January 31, GLADA concentrated on enforcing the Punjab Apartment and Property Regulation Act (PAPR Act), 1995, to combat unauthorized housing and promote organized urban development. The licensing branch reported a successful period aimed at improving transparency for homebuyers and accountability for developers. During this time, 33 new licenses were granted to residential colonies to ensure compliance with legal and infrastructure standards. Additionally, 15 promoter…

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Reliance MET City to Create Integrated Mixed-Use Project in Haryana

Representative AI image NEW DELHI: Reliance MET City, a wholly-owned subsidiary of Reliance Industries, has unveiled a new integrated mixed-use development spanning approximately 100 acres called Metropolis, located in Daryapur, Jhajjar district, Haryana. This initiative is part of a larger 140-acre master-planned development, which includes residential plots, industrial plots, and plans for future group housing. Residential plot sizes range from 112 sq yards to 179 sq yards, priced between ₹99,000 and ₹1,10,000 per sq yard. The project is being developed in two phases and is move-in ready. Financing is through self-funding, with all construction and infrastructure managed internally. Published On…

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Telangana Builders Seek Farmhouse Approval in Conservation Areas

Representative AI image HYDERABAD: In a significant move that may reshape development on the outskirts of Hyderabad, realtors and builders in Telangana have urged the state government to allow farmhouse plotting under conservation land use, with clearly defined size and construction parameters. They argued that this would control unregulated growth, bring structure to existing grey areas, and generate consistent revenue for the government. During a recent meeting with officials from the municipal administration department, representatives from builders’ associations such as NAREDCO, CREDAI, and TDA proposed permitting farmhouse plots with a minimum size of 10 guntas (around 12,000 square yards). They…

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Bengaluru to Reduce Penalties for Vacant Sites Citywide

BENGALURU: The Bangalore Development Authority (BDA) is considering a reduction in penalties for allottees who have left their residential plots vacant for years. This decision comes after the authority recognized that the current flat-rate penalty system has not been effective. During a recent governing council meeting, officials acknowledged that the existing 10% penalty, linked to market values, has failed to incentivize site owners to either pay or begin construction. Many beneficiaries have ignored demand notices, prompting the BDA to explore a more practical and graded penalty structure. Under the proposed changes, beneficiaries who build homes within five years of receiving…

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Telangana Considers Major Updates to Building Regulations

HYDERABAD: The Telangana government is contemplating a series of revisions to building regulations aimed at reducing compliance burdens and costs within the real estate sector. These changes include modifications regarding mortgaging built-up space, building fee payments, issuance of No Objection Certificates (NOCs), project timelines, and permissible floor heights. The proposed changes follow multiple appeals from builders and developers, who contend that current regulations have become outdated and excessively restrictive. According to government sources, there is a preliminary agreement to lower the required mortgaging of built-up space from 10% to 5%, responding to requests from builders’ and developers’ associations. The remaining…

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Max Estates Reports Notable Profit Decline in Q3 FY26

NEW DELHI: Max Estates has announced a net consolidated profit after tax of ₹2.53 lakh for the quarter ending December 31, 2025, according to a BSE filing. In the same quarter last year, the profit after tax was ₹15.81 crore. The company’s net consolidated total income for Q3 FY26 was ₹71.44 crore, marking a decrease of 0.63% from ₹71.89 crore recorded in the same period the previous year. The board of directors has approved the appointment of Arihant Kothari as Chief Investment Officer – Capital Strategy, effective February 6, 2026. They also approved the issuance of 14,442 equity shares with…

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Embassy REIT Q3 FY26 Net Operating Income Rises 19%

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) reported a 19% year-on-year increase in net operating income (NOI), reaching ₹985 crore for the third quarter ending December 31, 2025. Operational revenue rose by 17% year-on-year to ₹1,193 crore. The board of directors for Embassy Office Parks Management Services (EOPMSPL), which manages Embassy REIT, has declared a distribution of ₹613 crore, equating to ₹6.47 per unit for the quarter. Additionally, the company raised ₹400 crore via a commercial paper at an effective interest rate of 6.44% per annum, successfully reducing its in-place cost of debt by 61 bps over the last…

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Omaxe Reports ₹153.20 Crore Net Loss in Q3 FY26

NEW DELHI: Omaxe reported a consolidated net loss after tax of ₹153.20 crore for the quarter ending December 31, 2025, as stated in a BSE filing. In comparison, the company had a loss after tax of ₹150.28 crore during the same quarter of the previous fiscal year. The net consolidated total income for Q3 FY26 was ₹319.03 crore, reflecting an increase of 6.21% from ₹300.39 crore recorded in the corresponding quarter the previous year. In the quarter ending December 31, 2025, Omaxe acquired two companies, Next10 Realbuild and Next10 Land Developers, each having 10,000 equity shares of ₹10, totaling ₹1…