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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Uttar Pradesh Boosts Development Fees by 50% for Major Cities

Increased fees will support urban infrastructure development, enhancing authorities’ annual income. LUCKNOW: Housing development authorities have announced an increase in fees required for construction activities in key cities throughout the state. Aspiring developers must now pay the revised development charges set by the housing authorities prior to commencing any civil work. Dedicated bodies have been established to oversee construction efforts in over 30 cities in UP, including Lucknow, Kanpur, Varanasi, Ghaziabad, Meerut, Agra, Gorakhpur, and Jhansi. The housing department approved these revised rates earlier this month, factoring in rising construction costs and inflation. Development charges have been raised by a…

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Nagpur Land Deals Soar, Revenue Rises by ₹147 Crore

NAGPUR: In the last nine months, Nagpur has seen a significant increase in property transactions, reflecting a surge in investor confidence driven by extensive infrastructure projects and its emergence as a rapidly growing urban center. Data from the stamp duty department indicates that over 125,000 land transactions were recorded in Nagpur district, generating a revenue of ₹1,568.60 crore for the government in this timeframe. This represents an increase of over ₹147 crore compared to the same period in 2024, underscoring a consistent growth trend in real estate activities across both urban and rural sectors. Officials attribute this growth to several…

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M3M, Smartworld, ELIE SAAB Partner on ₹3,500-Crore Housing in NCR

NEW DELHI: M3M India and Smartworld Developers have partnered with ELIE SAAB, a prominent fashion and lifestyle brand, to create two ultra-luxury residential projects in the Delhi-NCR region, totaling an investment of approximately ₹3,500 crore. The projects represent ELIE SAAB’s inaugural entry into the Indian real estate market. M3M India will oversee a luxury housing project in Gurugram, while Smartworld Developers will lead a separate residential development in Noida. In Gurugram, M3M India intends to build around 300 apartments in sector 111, within the Smart City Delhi Airport (SCDA) zone. The project will feature spacious four-bedroom residences with unit sizes…

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BOOTES Expands into Residential Development

NEW DELHI: BOOTES, an engineering firm, has introduced its real estate division, boasting a portfolio valued at over ₹6,300 crore. The company will kick off its real estate initiatives with projects in Noida, Alwar, and Vrindavan, totaling more than six million sq ft of initial saleable area. In Noida, BOOTES is constructing high-rise residential complexes in Greater Noida West and sector 76, featuring 4BHK residences and duplex penthouses. In Alwar, they have launched a residential project offering 2BHK and 3BHK residences. Future expansion plans include cities such as Mumbai, Lucknow, Ayodhya, Dehradun, Kurukshetra, Jhansi, Chitrakoot, and Prayagraj. Published On Jan…

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Godrej Properties’ 2025 Booking Value at ₹34,171 Crore

NEW DELHI: Godrej Properties (GPL) announced a booking value of ₹34,171 crore for 2025, reflecting a 19% increase compared to the previous year. Cash collections also saw a significant rise of 28%, totaling ₹18,979 crore. From 2022 to 2025, the booking value experienced a compound annual growth rate (CAGR) of approximately 44%, while collections grew at a CAGR of 35%. The company sold 16,428 housing units during the year, encompassing a saleable area of 27.26 million sq ft. This achievement was bolstered by the launch of 41 projects across various cities, with booking values surpassing ₹7,000 crore in each quarter.…

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Maharashtra Tightens SRA Norms to Secure Rehab Dues on Flats

The Slum Rehabilitation Authority (SRA), the Maharashtra government’s key agency for slum redevelopment, has tightened regulations on free-sale inventory in slum rehabilitation projects. It now requires the preemptive freezing of designated sale flats to ensure transit rent payments and the fulfillment of permanent alternate accommodation (PAP) obligations for eligible slum inhabitants. In a comprehensive office order issued in accordance with previous directives and the Bombay High Court’s rulings, the SRA stated that sale flats will be ring-fenced at the Intimation of Approval (IOA) stage, as well as during the issuance of amended IOAs, Letters of Intent (LOIs), or revised LOIs.…

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Mohali Body Launches E-Auction for 42 Sites Worth ₹5,460 Crore

MOHALI: Punjab’s housing and urban development minister, Hardeep Singh Mundian, has announced a significant step in urban development with the Greater Mohali Area Development Authority (GMADA) set to auction 42 premium sites valued at Rs 5,460 crore through an online platform. The inaugural mega e-auction will take place from January 14 to February 11, 2026. The minister highlighted that this auction aligns with the Bhagwant Singh Mann government’s goal of stabilizing property prices, ensuring transparency, and fostering investor-friendly policies to attract homebuyers, entrepreneurs, and institutional stakeholders. The sites available include residential plots, shop-cum-offices (SCOs), mixed-use areas, collective housing plots, as…

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Puravankara’s Q3 FY26 Pre-Sales Reach ₹1,414 Crore

Here’s a revised version of your content: NEW DELHI: Puravankara reported pre-sales of ₹1,414 crore in Q3 FY26, reflecting a 17% year-on-year increase, while collections rose by 22% to ₹1,140 crore. In the nine months ending December 2025, the company expanded its development portfolio with projects amounting to an estimated gross development value (GDV) of approximately ₹13,900 crore across Bengaluru and Mumbai. The growth included land acquisitions, joint venture agreements, and redevelopment projects, contributing a total potential developable area of 12.76 million sq ft during this period. During Q3 FY26, Puravankara delivered 1.23 million sq ft, equating to 1,116 homes,…

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Ajmera Realty Sees ₹1,431 Crore Sales in First 9 Months FY26

NEW DELHI: Ajmera Realty & Infra India (ARIIL) witnessed a remarkable 72% year-on-year increase in sales during the first nine months of FY26, reaching a sales value of ₹1,431 crore. The company is optimistic about surpassing its annual sales target of ₹1,600 crore. Dhaval Ajmera, the director of corporate affairs, stated, “We’ve experienced strong growth, achieving double the sales and collections compared to the previous quarter. This robust performance has reinforced our overall growth trajectory, resulting in nearly 70% growth across both metrics for the nine-month period. With ₹1,431 crore in sales already secured, we’ve exceeded our target and are…

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Tulip Infratech Records ₹450 Crore Turnover and ₹80–90 Crore Profit

NEW DELHI: Tulip Infratech, based in Gurugram, has reported a turnover of approximately ₹450 crore for FY25, with profits ranging from ₹80–90 crore, yielding margins of 15–20%, as disclosed by Parveen Jain, chairman & managing director of the company. The firm anticipates that its revenue in the current fiscal year will remain largely stable, with potential fluctuations of ±10%. It aims to maintain margins between 10–20%, supported by controlled leverage, strategic pricing, and consistent progress on ongoing construction projects. The company adopts a conservative operational model, limiting itself to a maximum of four simultaneous projects at a time. In 2025,…