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

Sambhajinagar Extends Property Tax Amnesty to October End

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has extended its property tax amnesty scheme until the end of October. Now, property owners can benefit from a 50% discount on penalty charges. Municipal Commissioner G. Shreekanth stated, “The initial response to the amnesty was tremendous, with many property owners settling their dues. This initiative significantly boosted revenue for the civic body. Given the demand to continue, we have decided to extend the scheme to the end of October.” The scheme, originally launched from July 15 to August 31 with a 95% penalty waiver, was first extended to September 17 with…

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New Ghaziabad Circle Rates Coming by Mid-October

GHAZIABAD: The revised circle rates for 2025-26 are expected to be approved next week. This follows the review of nearly 50 objections received from farmers in eight villages designated for the Harnandipuram township, up to Tuesday. The district administration had invited public objections for the proposed DM circle rates for the current financial year from September 16 to 30. “In Modinagar and nearby areas of Wave City, residents have requested a reduction in circle rates, while those in villages earmarked for Harnandipuram township have broadly sought an increase,” an official stated. Discussions on the objections will occur in the coming…

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Official: Self-Regulation Key for Insolvency Pros and Valuers

NEW DELHI: Corporate Affairs Secretary Deepti Gaur Mukerjee emphasized the need for insolvency professionals and valuers to establish a robust self-regulation mechanism, underscoring the significance of insolvency law during her address at the ninth annual day of the Insolvency and Bankruptcy Board of India (IBBI). Mukerjee noted that there is still a considerable journey ahead regarding the Insolvency and Bankruptcy Code (IBC), as public expectations are quite high. The IBC, introduced in 2016, aims for a market-driven and timely resolution of distressed assets. Currently, over 4,500 insolvency professionals and 6,000 valuers are registered under this Code. While she asserted that…

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Delhi Government Starts Circle Rate Revision, Invites Feedback

NEW DELHI: The Delhi government has initiated the process to revise land circle rates in the city and is inviting public suggestions on this matter, officials announced on Wednesday. The last revision of circle rates in Delhi occurred a decade ago in 2014. “The Government of NCT of Delhi is currently revising the circle rates (minimum property valuation rates) for various property categories across Delhi,” stated a circular released on Wednesday by the revenue secretary and divisional commissioner. This revision aims to align the notified rates with current market conditions and promote transparency in property transactions, the circular noted. The…

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RBI Holds Rates Steady Amid Trump Tariff Uncertainty

MUMBAI: The Reserve Bank of India (RBI) has maintained its policy interest rate at 5.5% for the second consecutive time, citing concerns regarding tariff uncertainties. During the announcement of the fourth bi-monthly monetary policy for the current fiscal year, RBI Governor Sanjay Malhotra stated that the Monetary Policy Committee (MPC) unanimously opted to keep the short-term lending rate, known as the repo rate, unchanged at 5.5% with a neutral stance. Governor Malhotra indicated that while the rationalization of GST rates could have a moderating effect on consumption and growth, developments related to tariffs may hinder economic expansion in the latter…

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Uttar Pradesh’s Urban Bodies to Launch New Building Map Approval System

LUCKNOW: Urban local bodies are set to start a process to approve building maps in a bid to generate new revenue streams. Currently, the authority to approve plans lies with housing development agencies in regulated areas. However, areas outside of these regulations, maintained by municipal bodies, lack such mechanisms. Consequently, on the outskirts and in peripheral regions, buildings are constructed haphazardly. This unplanned growth leads to traffic congestion and bottlenecks as these areas develop over time. Officials noted that encroachment on public spaces is common, with property owners often building on land meant to be reserved as setbacks for future…

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Runwal Realty Files DRHP for ₹2,000-Crore IPO

Real estate developer Runwal Realty is aiming to raise up to ₹2,000 crore through an Initial Public Offer (IPO) of its equity shares and has submitted its draft red herring prospectus for this venture. The capital raise will include a fresh issue up to ₹1,700 crore and an offer for sale of up to ₹300 crore. The Mumbai-based company might also pursue a pre-IPO placement totaling up to ₹340 crore, which, if executed, will be capped at 20% of the fresh issue size, as stated in the draft prospectus filed on Wednesday. Runwal Realty plans to use the proceeds from…

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Future-Proof Realty Ep 2: India’s Next Green Building Chapter

Real estate is a major contributor to global carbon emissions, responsible for nearly 40% worldwide. India plays a crucial role in this landscape, especially with the nation’s commitment to achieve net-zero by 2070. The pressure is on the sector to innovate. The transformation has already begun. India’s green building market is projected to double by 2030 as developers increasingly adopt solar energy, rainwater harvesting, and sustainable materials to create spaces that are both functional and future-oriented. In this context, ETRealty and ETStudios present Future-Proof Realty, a series that examines how the real estate industry is advancing toward sustainability. Following a…

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DLF Cyber City Secures ₹1,100 Crore via NCDs

NEW DELHI: DLF’s rental arm, DCCDL, has successfully raised Rs 1,100 crore by issuing non-convertible debentures through a private placement. According to a regulatory filing on Tuesday, the securities allotment committee of DLF Cyber City Developers Ltd (DCCDL) approved the allotment of 1,10,000 Non-Convertible Debentures (NCDs) totaling Rs 1,100 crore to eligible investors. These NCDs come with a coupon rate of 6.91 percent per annum, payable quarterly. DCCDL is a joint venture involving DLF and Singapore’s sovereign wealth fund GIC, with DLF owning nearly 67 percent of the partnership. The company has a vast operational portfolio, encompassing 44 million sq…

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Maharashtra Launches Authority to Fast-Track Self-Redevelopment

MUMBAI: On Monday, the state government designated a new authority, led by BJP MLC Pravin Darekar, to expedite self-redevelopment projects. As the chairman of the newly established Self-Group Redevelopment Authority (SGRA), Darekar will hold the status of a Minister of State. He is known to have close ties with CM Devendra Fadnavis and also oversees the Mumbai District Cooperative Bank. The SGRA aims to facilitate the redevelopment of old structures, while Mhada, the state housing authority, will serve as the coordinating agency for these projects. Under self-redevelopment, housing societies manage the redevelopment themselves by hiring a project management consultant, architect,…