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

L&T Realty Acquires Delhi Land for ₹200 Crore

Representative AI image NEW DELHI: L&T Realty Developers Ltd (LTRDL), a fully owned subsidiary of Larsen & Toubro (L&T), has acquired a 2.5-acre land parcel in central Delhi for approximately Rs 200 crore, according to two sources familiar with the matter. The Mumbai-based developer, which has been expanding in the National Capital Region through acquisitions in Noida and Gurugram, plans to develop a luxury residential project on this site. This acquisition follows L&T Realty Properties Ltd’s (LTRPL) 100% stake purchase in International Green Scapes Ltd (IGSL), providing access to a 20-acre land parcel in Gurugram with a development potential of…

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Karnataka Launches Apartment Bill to Protect Property Owners

BENGALURU: On Wednesday, the Karnataka government introduced the proposed Karnataka Apartment (Ownership and Management) Bill, 2026. This initiative aims to repeal outdated laws that have been in place for over fifty years and establish a cohesive legal framework that will protect the rights of apartment owners, improve governance, and support the redevelopment of aging residential complexes. The proposed legislation, developed in consultation with apartment owners’ associations in Bengaluru, seeks to replace the Karnataka Apartment Ownership Act of 1972 and the Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act of 1972. The government posits that…

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Mohali Body Sets 15-Day Deadline for Land Pooling Claims

Representative AI image MOHALI: The Greater Mohali Area Development Authority (Gmada) has called on landowners whose properties were acquired for the Eco City-3 project in New Chandigarh to submit or update their claims under the land pooling scheme. In a public notice, Gmada encouraged landowners who have not yet opted for the land pooling option to download the required application form, fill in the necessary revenue details, and submit it to the Land Acquisition Collector (LAC) office, Gmada. The authority has also requested that landowners who have previously applied under the scheme confirm or update their land pooling preferences within…

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Lucknow: LDA to Create 2051 GIS Master Plan for Six Districts

LUCKNOW: The Lucknow Development Authority (LDA) has been appointed as the nodal agency for developing the Uttar Pradesh State Capital Region (UPSCR). It is currently preparing a Geographic Information System (GIS)-based Master Plan-2051 for the six districts included in the initiative. This digital plan will unify land use, water bodies, forests, green belts, and proposed developments over approximately 26,000 sq km into a single platform to enhance planning and monitoring. The proposed UPSCR will encompass Lucknow, Barabanki, Sitapur, Hardoi, Unnao, and Rae Bareli. The regional master plan aims to establish a long-term framework for structured growth and coordinated regional development.…

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Signature Global Q1 FY27 pre-sales drop 25% to ₹1,970 crore

NEW DELHI: Signature Global recorded pre-sales of ₹1,970 crore in Q1 FY27, marking a 25% decline from ₹2,640 crore in Q1 FY26. The average sales realization rose to ₹17,093 per sq ft in Q1 FY27, up from ₹15,250 per sq ft in FY26. Collections amounted to ₹670 crore in Q1 FY27, compared to ₹930 crore in Q1 FY26. The company’s net debt increased to ₹390 crore at the end of Q1 FY27 from ₹200 crore at the close of FY26. As of June 30, 2026, it had cash and bank balances, including fixed deposits, of ₹2,522 crore. Chairman and whole-time…

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Chennai Developers Spend ₹2,500 Crore on Land in Two Years

Representative image CHENNAI: Over the past two years, real estate developers have poured more than ₹2,500 crore into acquiring prime land across 79.9 acres, stretching from Haddows Road in the central city to Chembarambakkam on the outskirts. Notable transactions include Baashyaam Group’s acquisition of 5.8 acres on Haddows Road for ₹1,212 crore, and a joint venture between Prestige Estate Projects and Arihant Foundations, which secured 16.4 acres in Padi for ₹561 crore. Brigade Group also purchased 5.4 acres in Velachery for ₹441.7 crore. Additionally, Freshworks founder Girish Mathrubootham bought 7.6 grounds in Boat Club for ₹211 crore, while Arihant acquired…

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Rajasthan: 86 Colonies Hold Mahapanchayat for Land Titles

Representative AI image JAIPUR: In a significant development, thousands of families residing in 86 colonies across Sanganer and Bagru have threatened to boycott the upcoming local body elections unless their long-standing request for land titles is addressed. This ultimatum came during a meeting on Monday organized by the Niyaman Hetu Sangharsh Samiti. The committee revealed that these colonies, founded 40 to 50 years ago through government-registered housing cooperative societies, currently house around 25,000 to 30,000 families. While the areas boast basic infrastructure such as roads, sewer lines, electricity, and water supply from Bisalpur, residents have yet to receive land titles…

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MHADA Lottery Delayed: Awaiting VIP Approval

MUMBAI: Thousands of eager MHADA homebuyers are left waiting as the housing authority has yet to announce the date for its highly anticipated lottery draw. The postponement is not due to a technical issue but rather a challenge in securing a chief guest. As per sources from Mumbai Mirror, the uncertainty is primarily due to the availability of senior political figures, with no confirmations received from their offices regarding their schedules. MHADA aims to have either the Chief Minister, a Deputy Chief Minister, or the Minister of State for Housing as the event’s chief guest. “However, their busy political schedules…

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Kolkata: 11 of 136 High-Rise Sites Approved for Construction

KOLKATA: The high-power committee established by the government to audit ongoing high-rise construction projects following the Taratala warehouse collapse has approved just 11 out of 136 assessed projects so far. The remainder is stalled due to non-compliance with labor registration and orientation requirements. A total of 344 projects are currently being reviewed. The Bengal government and the Kolkata Municipal Corporation (KMC) ordered an immediate halt to all construction on June 24-25 after the warehouse incident that resulted in 16 fatalities. Chief Minister Suvendu Adhikari stated that construction would resume only after thorough audits of the projects. KMC Commissioner and Administrator…

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Maharashtra Revokes 2023 Circular on Minor Mineral Levy

The Maharashtra government has rescinded its May 2023 circular that outlined a formula for calculating royalty on minor minerals extracted during construction and land development. This decision is expected to alleviate concerns for developers and contractors embroiled in legal battles regarding the controversial framework. The revenue and forest department issued a new circular on July 9, stating that the previous policy had led to legal disputes as many of its stipulations were deemed inconsistent with rulings from the Supreme Court and the Bombay High Court. The government has immediately canceled the 2023 circular. The retracted document established a method for…