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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Jaipur’s Rule Hurdles Residential-to-Commercial Conversions

Representative AI image JAIPUR: The Jaipur Development Authority (JDA) has mandated the rectification of setback violations before granting approvals for residential-to-commercial conversions, resulting in a significant decline in approvals. According to officials, more than 80% of conversion applications have been pending for the past six or seven months due to setback violations that require regularization. Over 90% of these applications were ultimately rejected as applicants showed little interest in addressing the violations. “Currently, around 15 applications are on hold due to setback violations. Under the new regulation, approvals will not be granted until these violations are rectified,” said a JDA…

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Kolte-Patil Q1 FY27 Sales Value Steady at ₹617 Crore

NEW DELHI: Kolte-Patil Developers announced a sales value of ₹617 crore for the quarter ending June 30, 2026, nearly unchanged from ₹616 crore in the same quarter of the previous fiscal year, according to their regulatory filing. The company’s collections surged by 30% year-on-year, reaching ₹715 crore in Q1 FY27, up from ₹550 crore in Q1 FY26. This figure also includes income from development management agreement projects. The average sales realization for the company increased by 29%, climbing to ₹9,442 per sq. ft. from ₹7,337 per sq. ft. in the previous year. This rise was attributed to price adjustments across…

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Bharat Future City: 90 Real Estate Proposals Amid Approval Delays

Representative AI image HYDERABAD: Almost a year after the state government announced the ambitious Bharat Future City project, real estate developers seem to be proceeding with caution. Most investment is limited to select areas along the Srisailam and Nagarjuna Sagar highways, while others wait for clearer direction on the city’s development plans. Since the announcement of Bharat Future City, the Future City Development Authority (FCDA) has received approximately 80 applications for open plots and 10 proposals for housing projects, including gated communities. However, only 18 layouts have been approved so far, with several remaining pending due to various issues, including…

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Oberoi Realty Q1 FY27 Net Profit Jumps 29% to ₹543.51 Crore

NEW DELHI: Oberoi Realty has announced a 29% rise in its net consolidated profit after tax, amounting to ₹543.51 crore for the quarter ending June 30, 2026, up from a profit of ₹421.25 crore in the same quarter last fiscal year, as stated in a regulatory filing. The company’s net consolidated total income rose by 26.8% to ₹1,361.69 crore in Q1 FY27, compared to ₹1,073.98 crore in Q1 FY26. As of June 30, 2026, the company’s net worth was ₹18,398.68 crore. Its debt-equity ratio was 0.15, and the current liability ratio was noted at 0.60. The operating margin for the…

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Redevelopment Starts for 10,600 Unsafe Ahmedabad Housing Units

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) is shifting its focus to its ageing housing stock after identifying thousands of unsafe private buildings over the last two years. They plan to redevelop more than 10,600 dilapidated residential units throughout the city. A pre-monsoon structural survey of AMC-owned residential properties, including housing for the urban poor, staff quarters, slum accommodations, and health quarters, revealed that 10,632 units across 445 blocks in 42 buildings were deemed unsafe. The civic body has begun the redevelopment of all these buildings. The redevelopment process is currently active for 7,986 units across 266 blocks in 24 buildings,…

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Andhra Pradesh to Issue Property Cards for Urban Assets

Representative AI image VIJAYAWADA: The Andhra Pradesh government plans to implement ‘property cards’ for all urban properties as part of a significant land administration reform. This initiative aims to create a single, authenticated record of ownership, reduce property disputes, and enhance transparency in land transactions. Set to be phased in across municipal corporations, municipalities, and nagar panchayats, the property card initiative will unify revenue, registration, and municipal records into a single digital document for each property. According to sources, the property card will contain essential details like the owner’s name, survey number, property extent, geographic location, municipal assessment, tax records,…

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Ajmera Realty Q1 FY27 Sales Surge 35% to ₹146 Crore

NEW DELHI: Ajmera Realty & Infra India achieved a sales value of ₹146 crore in Q1 FY27, marking a 35% increase from the previous year. In Q1 FY26, the sales value was ₹108 crore, and ₹270 crore in Q4 FY26. During this quarter, the carpet area sold reached 43,737 sq ft, down 31% from 63,244 sq ft in Q1 FY26. Collections for Q1 FY27 totaled ₹173 crore, compared to ₹234 crore in Q1 FY26. The company noted that while sales volume saw a decline, the sales value increased due to higher realizations across its portfolio. Dhaval Ajmera, the director of…

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Delhi government probes building plans approved without IFC fee

NEW DELHI: The Delhi government has initiated an investigation into residential, commercial, and group housing projects where building plans might have been approved over the past five years without the necessary payment of the Infrastructure Development Charge (IFC). Officials estimate this lapse has led to a substantial revenue loss, amounting to thousands of crores of rupees. According to DJB minister Parvesh Verma, the inquiry was prompted by allegations of irregularities. Initial findings suggest that numerous applicants secured building plan approvals from the Municipal Corporation of Delhi (MCD) using official DJB letterheads instead of obtaining valid no-objection certificates (NOCs) to confirm…

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Prestige Estates reports ₹6,579 crore in Q1 FY27 pre-sales

NEW DELHI: Prestige Estates Projects achieved residential pre-sales of ₹6,579 crore in Q1 FY27, selling 3,337 units and covering a sales volume of 6.04 million sq ft. Hyderabad led the quarterly sales, contributing 49% of the total, followed by Bengaluru at 27%, Mumbai at 12%, NCR at 7%, and other markets at 5%. The average price realization for apartments was ₹11,193 per sq ft, while plotted developments averaged ₹8,043 per sq ft. Collections reached ₹4,802 crore in Q1 FY27. The company launched four projects covering a total developable area of 20.16 million sq ft, with a gross development value of…

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Delhi Development Body’s Revenue Soars 120% in Q1 FY27

NEW DELHI: The Delhi Development Authority (DDA) reported a remarkable revenue of ₹1,020 crores from housing sales in the first quarter of the current fiscal year, as stated by officials on Thursday. This revenue represents a significant increase from the previous year, which saw sales of only ₹462 crores. The DDA noted that “Robust demand for housing across all segments led to the sale of 1,284 flats during this period, contributing to the ₹1,020 crores in revenue. This indicates a growing confidence among the public in our housing initiatives.” The surge in revenue is attributed to a consistent focus on…