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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Goa Owners Must Pay Circle Rate to Regularize Structures

PANAJI: Goans wishing to legalize structures on government or comunidade land will need to pay according to the minimum land price set by the state government. Chief Minister Pramod Sawant announced on Sunday that property owners will be charged based on the circle rate. The cabinet has discussed the rate for regularizing structures under the ‘Majhe ghar’ scheme. A cut-off date of 2014 has been established for this regularization process. Currently, the minimum land price varies across different talukas. Some ministers advocate for a single rate for regularization, while others point out disparities where lower prices in certain talukas lead…

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Ahmedabad’s 50% Discount on Leases Leads to ₹23 Crore Loss

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has reported a loss of Rs 23 crore due to the temporary leasing of plots at a 50% discount based on new jantri rates. The AMC leases reserved plots throughout the city to builders, traders, social organizations, and companies, applying new jantri rates for these plots. However, a 50% discount is factored into the total rent calculated. On Friday, the AMC’s estate department proposed to increase the temporary plot rent from 50% to 65% of the new rate, but this proposal was rejected by the standing committee. The state government announced on February 4,…

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PM Svamitva Yojana: Legal Ownership & Empowerment in Rural AP

VIJAYAWADA: For generations, millions of families in rural Andhra Pradesh have lived on ancestral lands without legal documentation to prove their ownership. Although these lands were inherited and enjoyed for decades, the absence of title deeds prevented villagers from selling their properties or using them to secure loans. To address this issue, the PM Svamitva Yojana was launched by the Union government and is being actively implemented by the Andhra Pradesh government. The scheme is revolutionizing rural India. Utilizing advanced technologies such as drones and rovers, survey teams systematically map every area of the villages, including Gram Kantham Abadi and…

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Ghaziabad Extends Property Tax Rebate for Another Month

GHAZIABAD: The Ghaziabad Municipal Corporation has extended the property tax rebate deadline by an additional month, allowing residents to take advantage of a 20% rebate until October 31. This deadline was initially set for July and was previously extended to September. A GMC official stated that the extension aims to maximize revenue from property taxes. “Following October, the rebate will decrease by 10%, which will be available for another month in November 2025. In December and January 2026, the rebate will be reduced to 5%. After that, no rebates will be offered, and those failing to pay property tax after…

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Last Chance for Property Tax Rebate, Mayor Urges Action

LUDHIANA: The deadline for a significant property tax discount is fast approaching in this industrial hub of Punjab. City officials are urging residents to complete their payments by September 30 to receive a 10% rebate. Mayor Inderjit Kaur and Municipal Commissioner Aaditya Dachalwal made a joint appeal on Monday, encouraging residents to take advantage of this discount period for the current financial year (2025-26). They emphasized that timely payments are crucial for maintaining essential services and executing development projects throughout the city. Incentives and Penalties The 10% rebate is only applicable to payments made for the current financial year if…

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KSH INFRA & WSB to Build 50-Acre Logistics Park in Bengaluru

NEW DELHI: KSH INFRA, in collaboration with WSB Real Estate Partners (WSB) and co-investors, is set to develop a 50-acre industrial and logistics park in Hosur, Bengaluru. The total investment of ₹450 crore for KSH Hosur Park I includes ₹180 crore in equity, with the remainder funded through bank construction loans. Launched last year, the park is expected to create 1.25 million sq ft of space and generate employment for over 1,800 individuals. KSH INFRA and WSB have formed an asset-level joint venture, where WSB and co-investors hold a 74% stake, while KSH INFRA retains 26%. Both parties are also…

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Sahara Seeks SC Approval for Asset Sale to Adani Properties

NEW DELHI: Sahara India Commercial Corporation Ltd (SICCL) has approached the Supreme Court for permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. The petition, mentioned for hearing recently, is expected to come up on October 14. In the plea filed by advocate Gautam Awasthi, it states, “..to outright sell various properties belonging to the Sahara Group to Adani Properties Private Limited under the terms outlined in the term sheet dated September 6, 2025.” The interlocutory application, filed in ongoing matters concerning the Sahara Group, outlined the challenges faced…

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Nagpur: 862 Acres to Be Removed from Kamptee Defence Zone

NAGPUR: The proposed excision plan for the Kamptee Cantonment aims to release nearly 862 acres from military control, making it available for real estate development subject to the Yerkheda Nagar Panchayat’s approvals. The draft proposal, submitted by the cantonment board to the state government on April 16, is currently awaiting a response. Sources indicate that the Ministry of Defence (MoD) will make the final decision once the state government replies. The defence land begins about midway along the Nagpur-Kamptee Road and extends to the midpoint of the Kanhan River. The intent is to remove significant areas from military jurisdiction outside…

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Noida Authority Cancels Sports City Land Over Unpaid Dues

NOIDA: The Noida Authority has rescinded the allotment of approximately 1.1 lakh sqm of land to Lotus Greens Constructions, the primary developer of the Sports City project in Sector 150. This decision comes after the builder failed to pay land dues despite numerous reminders over the last nine years. The cancellation order, issued on September 4, is the first action taken against a Sports City developer since the scheme launched over a decade ago. Noida Authority CEO Lokesh M stated, “We will now take possession of the land.” Officials revealed that Lotus Greens was initially granted nearly 12 lakh sqm…

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YEIDA allocates 49 plots near Yamuna Expressway

Representative Image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) finalized the allotment process for two significant schemes on Friday. These include industrial plots related to its MSME, Toy Park, Apparel Park, and Handicraft Park initiatives, as well as plots for the Medical Device Park scheme. A total of 49 plots have been allocated across both schemes, which are projected to attract nearly ₹800 crore in investments. In the industrial plot scheme, which was open for applications from May 8 to July 31, YEIDA offered 37 plots of up to 8,000 sqm in sectors 29, 32, and 33. From 527…