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

Merlin Group Buys 3.3 Acres Near Pune’s Koregaon Park for ₹273 Cr

Representative Image MUMBAI: The Merlin Group has acquired a 3.26-acre land parcel in the Mundhwa area near Koregaon Park, Pune, for ₹273 crore. Merlin Prime Spaces, a subsidiary of the Kolkata-based property developer, plans to construct a commercial project on this site with a total investment exceeding ₹1,000 crore, which includes the land cost. “We intend to develop an office-led commercial project aimed at banking, financial services, insurance companies, and global capability centers,” stated Saket Mohta, MD of Merlin Group, to RealtyDailyNews. The project is expected to complete by 2030 and could be valued around ₹3,000 crore upon occupation. The…

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DDA Grants ₹775 Crore Quarters Redevelopment to NBCC

Dilapidated DDA quarters beside a modern high-rise reflect Delhi’s urban transformation in the afternoon sun. NEW DELHI: State-run NBCC (India) has been awarded redevelopment contracts totaling approximately ₹775.27 crore from the Delhi Development Authority (DDA) for a complete overhaul of staff housing colonies in the capital. According to a regulatory filing, the contracts include the redevelopment of DDA staff quarters at Old Rajinder Nagar (ORN) worth about ₹437.79 crore and at Safdarjung Development Area (SDA) valued at ₹337.48 crore. The total project value, excluding GST, is ₹775.27 crore. The projects have been awarded under a project management consultancy (PMC) model…

IndustryLatest Stories

Brigade Group and Primus to Launch Three Senior Living Facilities

NEW DELHI: Brigade Group has teamed up with Primus Senior Living to introduce three senior living communities across Bengaluru and other areas in South India. The forthcoming developments are projected to have a gross development value (GDV) of around ₹750 crore, with two of the three projects integrated into larger township developments. “This collaboration marks a significant milestone in our efforts to broaden Brigade Group’s presence in senior living,” stated Pavitra Shankar, Managing Director of Brigade Enterprises. Published On Feb 27, 2026 at 07:16 AM IST Join over 2 million industry professionals. Subscribe to our newsletter for the latest insights…

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Hyderabad’s Property Tax Arrears Exceed ₹3,000 Crore

HYDERABAD: Property tax arrears in the three municipal corporations of Greater Hyderabad have surpassed an alarming ₹3,000 crore, exceeding both the current fiscal’s collections and its target. By the time the ongoing one-time settlement (OTS) scheme—offering a 90% waiver on accumulated interest on arrears—expires on March 31, the total arrears may likely escalate to over ₹5,000 crore. Before the trifurcation of the Greater Hyderabad Municipal Corporation (GHMC), the property tax collection target for this financial year was set at ₹3,000 crore. Thus far, the GHMC, Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MMC) have collectively managed to gather only…

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Plots for Sale in Faridabad’s Protected Aravalis at ₹14,000/sq yd

Representative AI image FARIDABAD: Despite Supreme Court directives in 2022 mandating the demolition of all illegal structures in the protected Aravalis, the hills continue to face encroachment. On Tuesday, TOI discovered construction activities occupying 35 acres in Anangpur, with plots being sold for Rs 12,000-14,000 per square yard on land protected under sections 4 and 5 of the PLPA. This area lies within a 200-meter no-construction buffer zone surrounding the Anangpur dam–Suraj Jheel complex, which is safeguarded by the Archaeological Survey of India (ASI). Certain sections of the land are designated as ‘gair mumkin pahar’ (uncultivable hill). Local villagers have…

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Bagmane REIT Aims for $3.9B Valuation in India IPO

Blackstone-backed Bagmane Prime Office REIT is gearing up for an initial public offering (IPO) as early as next month, aiming for a valuation of approximately $3.9 billion, sources indicate. The Bengaluru-based real estate firm has received regulatory approval and commenced investor roadshows. Sources requested anonymity due to the confidential nature of the information. The proposed IPO seeks to raise 40 billion rupees ($440 million), which includes up to 30 billion rupees in new units and a secondary sale of 10 billion rupees by Blackstone, as detailed in the IPO prospectus that was filed in December. Discussions are ongoing, and details…

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Cluster Redevelopment Vital for Mumbai’s Future, Say Experts

Here’s the rewritten content: Wankhede discusses the importance of social inclusivity in redevelopment, emphasizing MHADA’s role in providing accessible housing beyond mere monetization. NEW DELHI: As greenfield land in cities like Mumbai runs low, experts at the RealtyDailyNews Realty Real Estate Conclave 2026 indicated that brownfield and cluster-led redevelopment are now key avenues for urban growth. The panel discussion, titled ‘Redevelopment & Urban Renewal: Transforming the Future of Indian Cities,’ was moderated by Anuj Puri, Chairman of Anarock Property Consultants. Key speakers included Anil Wankhede (Deputy CEO, MHADA), Prashant Sharma (President, NAREDCO Maharashtra), Sukhraj Nahar (President, CREDAI-MCHI), Dhaval Ajmera (Vice…

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Lodha Developers acquires 4.3-acre Malabar Hill site with bungalows

Representative Image MUMBAI: Lodha Developers, a leading real estate firm, has acquired development rights for a valuable 4.3-acre land site in the affluent Malabar Hill area of South Mumbai, where six bungalows and other buildings currently stand. The projected development value is approximately ₹2,800 crore. The agreement entails an initial payment along with a combination of monetary and non-monetary compensations to the land-owning trust once redevelopment is complete. The property, owned by the Sorabji Kanga Charity Trust, includes a residential tower and a chawl, though the tower will not be part of the redevelopment plan, according to informed sources. As…

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Real Estate: India’s Growth Multiplier, Says Niranjan Hiranandani

Hiranandani described real estate as a central pillar of India’s growth narrative. During the keynote address at the RealtyDailyNews Realty Real Estate Conclave 2026, Niranjan Hiranandani, Chairman of NAREDCO and Co-Founder & MD of Hiranandani Group, presented an optimistic and balanced perspective on India’s real estate sector. He framed the industry within the context of India’s broader economic growth, emphasizing continuous GDP growth, accelerated infrastructure development, and increased credit availability as key drivers for future development. “Commercial lending is achieving annual growth rates of nearly 15%,” Hiranandani remarked, connecting the increase in credit accessibility to both homebuyers and developers. With…

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RealtyDailyNews Realty Conclave 2026: Infrastructure, Discipline, Micro-Markets

Looking ahead, the consensus was that the next housing cycle will be defined less by speculative momentum and more by structural fundamentals. At the RealtyDailyNews Realty Real Estate Conclave 2026, a high-profile fireside chat titled ‘Building for the Next Housing Cycle: Strategy, Scale and the Changing Residential Playbook’ convened key figures from the residential sector to discuss future trends. Moderated by Chaitanya Seth, Partner at EY Parthenon, the panel included Manan Shah, Treasurer (Elect) of NAREDCO Maharashtra and MD of MICL Group; Jay Morzaria, Chairman of NAREDCO NextGen and Director of VRAJ Group; Vikas Jain, President NextGen of NAREDCO Maharashtra…