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

NBCC to Launch ₹480 Crore Marine Eco City Phase-I in Kochi

I imagine a peaceful, sustainable Marine Eco City, where contemporary architecture blends beautifully with a turquoise waterfront. NEW DELHI: NBCC (India) is set to manage the first phase of the Marine Eco City project at Marine Drive in Kochi, serving as the project management consultant (PMC) for the Kerala State Housing Board (KSHB). The initial phase is estimated to cost approximately ₹480 crore. The Marine Eco City project will span 17.9 acres of waterfront land near the BPCL housing complex at Marine Drive. It is designed as a mixed-use development, integrating residential, commercial, and hospitality elements. NBCC will oversee the…

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Gurugram Developers, RWAs Must Submit Structural Safety Reports

GURUGRAM: The district administration is organizing a meeting with developers and representatives from various residents’ welfare associations (RWAs) to discuss complaints regarding the lack of implementation of recommended repairs from structural audit reports of residential buildings. The meeting will be chaired by Deputy Commissioner Ajay Kumar on March 17, as stated by officials from the Department of Town and Country Planning (DTCP). Developers and RWA representatives have been instructed to present status reports on the actions taken so far. According to DTCP, residents have raised concerns that the repair and strengthening recommendations made in structural audits of several group housing…

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Kochi: Bliss City Project Finally Set to Launch

Representative AI image KOCHI: After years of planning and a strategic alliance with the National Buildings Construction Corporation (NBCC), Kochi Metro Rail Ltd (KMRL) is set to launch its ambitious Bliss City project. This 31.43-acre mixed-use development in Kakkanad is transitioning from a mere concept to an active construction site, following the recent leasing of the first land parcels. “We have officially leased 3.41 acres of prime land to investors, with development work expected to begin soon. The initial phase will feature a unique design that integrates commercial spaces, shopping, and entertainment facilities. Additionally, a secondary parcel of 1.62 acres…

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MHADA to Accelerate Redevelopment in Mumbai, Pune, Nashik

Sure! Here’s a rewritten version of the content: NEW DELHI: Redevelopment and brownfield projects in prime urban locations have significantly boosted the real estate sector in Maharashtra over the last two years, as stated by Anil Wankhede, Deputy CEO of the Maharashtra Housing and Area Development Authority (MHADA). In an exclusive interview with Ankit Sharma, Wankhede emphasized that MHADA is concentrating on redeveloping aging housing layouts in cities like Mumbai, Pune, and Nashik, alongside formulating policies to enhance rental housing and expedite the redevelopment of older structures. He indicated that there remains a robust demand for affordable housing through MHADA’s…

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Assotech Realty aims ₹400 crore in FY27; Atmosphere Core targets $400M by 2030

Representative AI image NEW DELHI: Assotech Realty aims to increase its revenue to ₹350-400 crore by FY27. Meanwhile, Atmosphere Core, an international hospitality company, is targeting $400 million in revenue by 2030, following a partnership to develop a hospitality project in Shirdi, Maharashtra. Assotech is set to invest approximately ₹200 crore into the project, which will feature 160 suites of around 45 square meters each, managed by Atmosphere Core through a fee-based agreement. The project aligns with a growing trend of transforming pilgrimage sites into organized tourism hubs, bolstered by enhanced infrastructure, connectivity, and professionally-run hospitality ventures. Neeraj Gulati, managing…

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Finance Panel Urges Karnataka to Allow Monthly Property Tax EMIs

BENGALURU: The 5th State Finance Commission has put forth a proposal for property tax payments to be made in installments (EMIs) alongside the introduction of amnesty and incentives to motivate property owners to settle outstanding tax dues. The commission’s report, presented in the legislative assembly on Wednesday, dedicates a chapter to reforming property tax to enhance collection efficiency within the city. These recommendations arrive as government officials have initiated drone surveys of properties in the Greater Bengaluru Authority (GBA) to identify tax defaulters. Estimates suggest that dues across GBA’s five corporations reach into the lakhs. Bengaluru is home to 20.5…

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Indore: 533 Locations to Merge; Rates Could Rise by 200%

INDORE: The district administration and registration department are in the process of consolidating the Collector’s guideline rates for the financial year 2026-27. This involves the rationalization of locations, merging 533 existing ones to streamline property registration. Currently, document registration in Indore spans across 4,840 designated locations. The new proposal aims to consolidate 533 neighboring locations into clusters of 3 to 4 colonies, which would reduce the total number of locations by approximately 350, ultimately targeting a reduction to around 3,000. Senior Registrar Amaresh Naidu mentioned that varying registration rates within the same area lead to technical issues and revenue loss.…

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Gera Developments Names Rajesh Shirwatkar CFO

Sure! Here’s a rewritten version of your content: NEW DELHI: Gera Developments (GDPL) has named Rajesh Yashwant Shirwatkar as its new Chief Financial Officer (CFO). In this role, Shirwatkar will oversee the company’s financial strategy, planning, compliance, treasury management, and governance. Additionally, Swapan Mukherjee has been promoted to Group Chief Financial Officer. “In this expanded position, he will offer financial oversight at the group level, aiding in the establishment of a solid foundation to foster the company’s growth and expansion,” stated Rohit Gera, Managing Director of the company. Published on Mar 12, 2026 at 04:30 PM IST Join 2M+ industry…

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IPO Surge Among Developers Shows Improved Governance, Needs Careful Expansion: Brigade Group’s Founder

File Photo NEW DELHI: India’s residential real estate market is experiencing a robust post-pandemic uptrend, characterized by a noticeable shift towards premium offerings, enhanced affordability, and increased buyer ambitions, according to M. R. Jaishankar, founder and executive chairman of Brigade Group. However, he emphasizes that the most enduring demand lies within the mid-income and mass housing segments. In an exclusive interview with Ankit Sharma, Jaishankar expressed optimism about the sector’s long-term trajectory, supported by rising incomes and economic growth. He stressed the necessity for developers to exercise restraint in their expansion plans and called for a reassessment of the affordable…

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Mayor Promises Relief, Ghaziabad Civic Body Sticks to Tax Hike

GHAZIABAD: Mayor Sunita Dayal announced that the substantial property tax increase that sparked protests throughout the city will be reversed shortly. She reported that senior officials in Lucknow assured her that the proposed revised rates, which residents fear could raise taxes by three to four times in certain areas, would not be enforced. A statement from the mayor’s office on Tuesday confirmed, “A decision has been made not to increase property taxes, allowing residents to continue under the existing tax structure.” However, the mayor’s office has not issued any official documents validating the retraction of the new tax framework. Officials…