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.

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Ahmedabad Urges Developers to Maintain Percolation Wells for BU Permit

AHMEDABAD: The Ahmedabad Urban Development Authority (Auda) has reinforced its commitment to groundwater recharge by adding new conditions for granting building use (BU) permission. During a recent meeting, its board decided that developers must maintain percolation wells on their sites to obtain BU permission. Developers are now required to install a percolation well and provide a notarized affidavit stating, “The percolation well and the rainwater harvesting system are operational, and we will ensure their ongoing functionality.” Only after this will Auda grant BU permission. The original requirement for percolation wells in constructions exceeding 500 sq m was established in the…

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Nimbus Projects Gains ₹1,100 Crore Potential from UP Order

The Uttar Pradesh Industrial Development Authority (UPIDA) has instructed the Yamuna Authority to amend the land allotment for Nimbus Projects, granting an additional 1.1 million sq. ft. with a development potential valued at ₹1,100 crore. Following the company’s revision petition, the Principal Secretary of the Industrial Development Department, Uttar Pradesh Government, has directed the Yamuna Expressway Industrial Development Authority to reassess the land allocation, considering the interest previously paid by Nimbus. The revision petition was initiated after the company surrendered 55,219.178 sq. m. of a total of 102,995.70 sq. m. under the Project Settlement Policy (PSP). The Principal Secretary’s order,…

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Private Equity in Indian Real Estate Drops 15% in H1 FY26

NEW DELHI: Private equity (PE) investments in India’s real estate sector showed signs of moderation in the first half of FY26, with overall inflows decreasing by 15% year-on-year compared to the same period last year, as reported by Anarock Capital. Total PE inflows reached USD 2.2 billion in H1 FY26, down from USD 2.6 billion in H1 FY25. Despite a decline in the number of transactions, average deal sizes remained stable, falling within the range of USD 60–100 million. “Q1 FY26 had a promising showing; however, enthusiasm waned as we moved into the second quarter. Evaluating the entire fiscal year,…

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Charity Commissioner Maintains ‘Status Quo’ on Jain Trust Sale

PUNE: Maharashtra’s Charity Commissioner, Amogh Kaloti, has ordered a ‘status quo’ on the sale of a significant property in Pune’s Model Colony that currently houses a longstanding Jain boarding facility and the Mahavir Digambar Jain Temple. This decision comes amidst opposition from various factions within the Jain community, who have protested and sought legal intervention to halt the transaction. The prestigious 12,000 square metre property (3.5 acres), owned by the Seth Hirachand Nemchand Smarak Trust, which has been in operation since 1958, was sold to Gokhale Constructions for ₹311 crore. Advocate Yogesh Pandey, representing the petitioning group, argued, “The HND…

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Bengaluru Authority Creates Ward-Level Plan to Cut Emissions

Representative AI image BENGALURU: The Greater Bengaluru Authority’s Climate Action Cell (CAC) is developing a ward-level climate action plan for Bengaluru. As part of this initiative, 10 wards across five city corporations will be selected, and a specific ward climate action plan (WCAP) will be created for each. These plans will offer a comprehensive overview of current environmental conditions, primary challenges, potential solutions, and a prioritized list of actions to ensure effective execution. The CAC is forming a working group to spearhead this project. According to the recent stakeholder meeting, this group will provide technical and sectoral expertise, assist with…

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Ulhasnagar Civic Body Urges Citizens to Check Building Legality

ULHASNAGAR: To combat illegal constructions and safeguard homebuyers from fraud, the Ulhasnagar Municipal Corporation (UMC) is urging citizens to verify the legality of buildings before purchasing flats or commercial spaces. The UMC has stressed the importance of confirming whether a structure is authorized or unauthorized by consulting the Town Planning Department prior to finalizing property transactions. The appeal, signed by Additional Municipal Commissioner Dhiraj Chavan, highlights the ongoing issue of unauthorized constructions in Ulhasnagar, which negatively impacts the city’s reputation. Many developers construct and sell flats without the required permissions from the municipal body, often deceiving buyers. When the UMC…

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Tax and Stamp Cess for Bengaluru Business Corridor Costs

BENGALURU: The state government will impose a betterment tax and a 1% stamp duty cess on properties near the 117km-long Bengaluru Business Corridor (BBC) to recover project costs. The Bangalore Development Authority (BDA) will oversee the complete construction, with funds collected going towards repaying a Rs 27,000-crore loan from HUDCO. Documents from TOI indicate that the government expects the BBC to elevate land values in the vicinity, therefore, a 1,000-meter impact zone will be established for taxation purposes. “Given that the project’s influence will be more pronounced within the first 500 meters from the road, a betterment levy in accordance…

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Gumla Admin Settles 746 Land Disputes

GUMLA: In a heartwarming move ahead of Diwali, the administration in Gumla has addressed numerous land disputes during this week’s Anchal Diwas event, bringing joy to many underprivileged families. One member of the PVTG Birhor community, Magdali Birhor, expressed her relief as her decade-long family land dispute was finally resolved. A resident of the Birhor colony in Palkot block, she shared, “Several claims had been made on my land, including from my in-laws, creating years of struggle. Now, it’s resolved, and I’ve received official documentation proving my ownership.” Meanwhile, Pramila Nooram from Raidih block successfully secured a caste certificate that…

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Developers to Manage Urban Infrastructure in Major City Revamps

NEW DELHI: In an effort to address the gap between high-quality real estate projects and neglected civic infrastructure, the government will empower private developers to serve as “urban infrastructure administrators” in major redevelopment zones under the Urban Challenge Fund (UCF) scheme. This initiative allows developers to construct and maintain essential infrastructure, including roads, water supply, sanitation, and transportation. With a total allocation of Rs 1 lakh crore, this scheme aims to encourage sustainable urban development, transforming cities into vibrant growth hubs and enhancing water and sanitation systems. The housing and urban affairs ministry has informed the Public Investment Board (PIB),…

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Infopark Irumpanam: Mixed Township Model, Says Kerala CM

KOCHI: Chief Minister Pinarayi Vijayan announced on Saturday that the new Phase IV campus of Infopark in Irumpanam will adopt a mixed township model, featuring five million square feet of new IT space. The state government previously decided to allocate 33.5 acres from Traco Cable Company in Irumpanam to Infopark for ₹200 crore for the campus establishment. In a social media post, the Chief Minister stated that the Phase IV campus is expected to generate 50,000 direct IT jobs and attract ₹3,000 crore in investments. “This development is designed as a mixed township, incorporating modern IT complexes, world-class infrastructure, and…