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

Maharashtra Forms Committee for SVP Nagar Redevelopment Project

MUMBAI: The state government has established a high-powered committee, chaired by Additional Chief Secretary of Housing Aseem Gupta, to oversee the redevelopment project of 4,973 flats across 498 plots in Sardar Vallabhbhai Patel (SVP Nagar) Colony, Andheri. The committee also includes Mhada VP and CEO Sanjeev Jaiswal, an additional municipal commissioner of the BMC, and other Mhada officials. This land in Andheri West was allocated in 1993 under a World Bank initiative and comprises 98 cooperative housing societies, along with 24 high-income group apartment plots, 62 plots of 60 square meters each, and 245 plots measuring 100 square meters. Last…

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Grand Housing in Chennai Files DRHP for IPO

NEW DELHI: Grand Housing, based in Chennai, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The offer, priced at ₹5 per equity share, includes a sale of up to 35,500,000 shares by promoter Vijay Surana J. Established in 2004, Grand Housing primarily concentrates on plotted developments in Tamil Nadu. The company is focused on acquiring adjacent land parcels to create larger, more economically viable areas for future development. Its real estate offerings include two main segments: the residential segment, which focuses on the development…

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Sundaram Alternates Wraps Up Second Realty Fund at 17% IRR

NEW DELHI: Sundaram Alternates (SA), the investment division of Sundaram Finance Group, has successfully concluded its second real estate credit fund, named Sundaram Alternative Opportunities Series – High Yield Secured RE Debt Fund II (SA RE Credit Fund II). The fund achieved a gross investor IRR of 17% after exiting its portfolio investments, amounting to ₹435 crore. SA RE Credit Fund II invested entirely in fully secured, high-yielding debentures from Indian real estate developers. Currently, the SA RE credit portfolio yields an impressive annual cash return of approximately 15-16% for investors. Over the last eight years, the platform has recorded…

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RBI Could Allow Real Estate to Access Offshore Loans

A recent proposal to liberalize India’s foreign loan framework includes a change long resisted by former Reserve Bank of India (RBI) governors. This involves allowing external commercial borrowings (ECBs) in the real estate sector, a move that has faced opposition since the Asian Financial Crisis of 1997, which was partly fueled by foreign currency debts linked to property. Past RBI governors have remained cautious about the risks of foreign investments in the real estate market due to the financial turmoil in countries like Thailand, South Korea, and Indonesia. A detailed look at RBI’s draft ECB policy shows a willingness to…

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Sobha Sees 61% Surge in Q2 FY26 Sales to ₹1,902.6 Crore

NEW DELHI: Real estate firm Sobha Ltd reported a 61% increase in sales bookings, reaching ₹1,902.6 crore in the second quarter of this fiscal year, fueled by strong demand for its residential properties. In the same period last year, the company achieved property sales worth ₹1,178.5 crore. According to a regulatory filing, Sobha Ltd sold 13.94 lakh square feet during the July-September quarter, with an average price of ₹13,648 per square foot. Bengaluru accounted for 69.7% of the quarterly sales, amounting to ₹1,326.4 crore, aided by increased momentum at the SOBHA Town Park project. Delhi-NCR contributed ₹309.7 crore, while the…

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MHADA Updates Premium Rates for Redevelopment Projects

The Maharashtra Housing and Area Development Authority (MHADA) has approved a significant policy change aimed at enhancing the viability of redevelopment projects under its Mumbai Board. This change revises the method of calculating premium charges for commercial floor space. During a recent MHADA authority meeting, the decision was made to alter provisions from a previous resolution issued in June 2007. Previously, housing societies or developers redeveloping buildings within MHADA layouts were required to pay premiums calculated at 1.5 times the residential rate, with a minimum of 60% and a maximum of 142.5%. Developers expressed concerns that this structure hindered the…

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Eldeco Infrastructure Files DRHP for ₹1,000 Cr IPO

NEW DELHI: Eldeco Infrastructure and Properties has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) as part of its initial public offering (IPO) initiative. The offering includes a combination of fresh share issues totaling ₹800 crore and an offer-for-sale amounting to ₹200 crore from promoter selling shareholders. Each equity share carries a face value of ₹5. The promoters, Pankaj Bajaj and Bandana Kohli, are selling equity shares worth ₹102 crore and ₹98 crore, respectively, each with a face value of ₹5. The company may also consider a pre-IPO placement of up to…

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Goa: GIDC Leases 28 Strategic Plots in Panchawadi & More

Representative image PANAJI: The Goa Industrial Development Corporation (GIDC) has made 28 industrial plots available for lease across five industrial estates in Goa. GIDC Managing Director Pravimal Abhishek emphasized that these plots present a “strategic” investment opportunity for entrepreneurs. The plots, located in Pissurlem, Honda, Sanguem, Panchwadi, and Kundaim, are aimed at new industrial investments as well as the expansion of existing businesses. Sizes range from 907 sqm to 2,689 sqm, suitable for small and medium manufacturing operations. The Panchwadi Industrial Estate offers the most plots, with 10 available, while Sanguem has seven. Pissurlem features three and Honda five plots,…

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Noida Authority Board to Discuss Unified Policy, Budget on Oct 3

NOIDA: The Noida Authority board will discuss over 35 proposals, including amendments to the Unified Policy that aims to standardize land norms across the three development authorities in the upcoming meeting on Friday. The meeting will be chaired by the industrial development commissioner and Noida Authority chairman, Deepak Kumar. Key topics include establishing a 300 TDP integrated waste management plant and budget allocation for the Noida International Airport. Officials have stated that the Unified Policy’s goal is to unify land regulations across Noida, Greater Noida, and YEIDA, which will enhance consistency in allotment and development operations. The board is anticipated…

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Developers in Gurugram’s Matri Van Earn Green Credits for Trees

GURUGRAM: Developers planting trees in the Matri Van area can now earn green credits, announced Union Environment Minister Bhupender Yadav on Thursday. The Matri Van covers approximately 750 acres in the Aravali range. Initially launched as a “memory forest” for organizations and companies to plant saplings in honor of loved ones or under corporate social responsibility (CSR) initiatives, the project has transitioned from a symbolic effort to one where planted saplings can yield credits—akin to carbon credits—that can be sold or used against future environmental obligations. Yadav noted that plantations achieving 40% crown cover on degraded lands within five years…