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

Farmers Fume as Ghaziabad Body Seeks to Halt Harnandipuram Rate Hike

GHAZIABAD: Farmers are furious after the Ghaziabad Development Authority (GDA) requested the stamp and registry department to refrain from increasing the DM circle rates— the minimum value set by the district magistrate for property transactions — for villages designated for the Harnandipuram township. This has reignited farmer protests, as they had previously called for an increase in the DM circle rate, which is crucial for determining stamp duty and registration fees. “A protest is already underway in these villages, and the GDA’s letter has only intensified the situation. We are determined to protect our land for our children’s future,” said…

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Emperor Infratech to Complete 113-Acre Punjab Township for Parsvnath

NEW DELHI: Realty firm Parsvnath Developers Ltd announced on Tuesday a partnership with Emperor Infratech to develop a 113-acre township in Punjab. The project, located in Rajpura, Punjab, spans 112.856 acres and includes integrated amenities such as residential plots, group housing, commercial centers, clubs, and schools. Parsvnath has secured necessary licenses for the project’s construction and development from the relevant authorities. The company has signed a ‘Development Management’ agreement with Emperor Infratech Pvt Ltd, which will oversee aspects like development, completion, implementation, sales, and marketing of the project. Emperor Infratech is committed to completing the project promptly and assisting in…

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Blackstone’s Lumina CloudInfra Acquires 3.8 Acres in Chandivali for ₹475 Crore

Lumina CloudInfra, a data center developer backed by Blackstone, has acquired two adjacent land parcels totaling 3.8 acres in Chandivali, near Saki Vihar Road in Andheri East, Mumbai, for ₹475 crore. The first plot, measuring 2.04 acres, was acquired for ₹294 crore, while the second plot of 1.75 acres cost ₹181 crore. The company plans to construct a 60 MW data center on these sites, according to sources familiar with the transaction. Both acquisitions were registered on September 19, incurring a combined stamp duty of ₹28.5 crore, as per documents obtained from CRE Matrix. As part of Blackstone’s portfolio, Lumina…

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Arnya Launches ₹1,000 Crore Mumbai, Pune Redevelopment Fund

Arnya Real Estate Fund has collaborated with Mumbai-based developer Supreme Universal to establish a platform for a ₹1,000 crore real estate equity fund. This fund will primarily target residential redevelopment projects in Mumbai and Pune. The fund consists of a base corpus of ₹500 crore, with an option to raise an additional ₹500 crore. It aims to facilitate scalable and structured redevelopment initiatives in two of India’s most dynamic housing markets. “Our strategy is to create an investment platform that provides investors with access to redevelopment opportunities. Mumbai’s redevelopment sector offers a scalable and resilient business model within the Indian…

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Goa Cabinet Approves NBCC Sale of 1.5 Lakh Sq M of Land

PANAJI: The National Building Construction Corporation (NBCC) (India) Ltd has received approval to sell over 1.5 lakh sqm of built-up area in a prime location, primarily in Panaji, owned by the government of Goa. This amounts to more than double the built-up area assigned for the construction and redevelopment of seven projects undertaken by NBCC, which will include hotels, apartments, and office spaces for sale. The total area for these projects exceeds 77,000 sqm, with a built-up area of over 2.1 lakh sqm. The government will retain more than 62,000 sqm of built-up area, while the saleable area stands at…

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HoABL invests ₹200 crore in Mumbai’s affordable housing, plans 7 more projects

MUMBAI: Realty company House of Abhinandan Lodha is investing ₹200 crore in an affordable housing project located in suburban Naigaon and is exploring seven additional sites for similar developments across metropolitan Mumbai, a senior official revealed on Monday. Abhinandan Lodha, chairman of HoABL, shared with reporters that discussions have commenced on one of the sites while others are still being evaluated. The identified sites include one close to the upcoming Navi Mumbai International Airport, he added. “All projects will be joint developments with landowners. We aim to achieve over 20 lakh sq ft of development potential, expected to be delivered…

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Government Urges States, RERAs to Act Against Misleading Builder Ads

NEW DELHI: In response to reports of builders and agents using official-sounding language to manipulate the appearance of their projects, the Central government has urged states and real estate regulators (RERAs) to intervene and prohibit misleading advertisements that could trick buyers. They have also been directed to submit reports focused on safeguarding buyer interests. Sources indicate that the issue was thoroughly discussed at a recent meeting of the Central Advisory Council (CAC) of RERA, led by Housing and Urban Affairs Minister Manohar Lal Khattar. Instances of misleading advertisements were presented to all members, including representatives from state governments and RERA…

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Lodha Sells 24-Acre Mumbai Land to STT Global for ₹500 Crore

Representative image created by AI NEW DELHI: Lodha Developers Ltd has sold over 24 acres of land in the Mumbai region to STT Global Data Centres, a Singapore-based firm, for approximately Rs 500 crore, according to sources. The land acquisition has been officially registered, comprising 24.34 acres at Palava. Lodha Developers sold 1.74 acres, while its subsidiary, Palava Induslogic 4 Pvt Ltd, sold 22.6 acres, totaling nearly Rs 499 crore. The company has not commented on this deal. Earlier this month, Lodha Developers signed a Memorandum of Understanding (MoU) with the Maharashtra government to establish a green integrated data centre…

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Builders seek clarity on GST benefits for homebuyers

Consumers across various sectors are eager to enjoy the benefits from the reduced goods and services tax (GST) rates effective Monday. However, homebuyers may need to wait a bit longer. Real estate industry executives have indicated that there is still no clarity on the extent of benefits that will trickle down from cement manufacturers to consumers. Whenever cement prices do decrease, only projects currently in the early stages of construction will reap the rewards. “We are still awaiting concrete information from cement manufacturers regarding the benefits to be passed on to builders. We expect some impact in the first week…

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Maharashtra to Get Authority for Redevelopment Oversight

PUNE: The state housing department is expected to soon finalize the establishment of an independent authority similar to MahaRERA, aimed at providing a structured, transparent, and accountable framework for supervising redevelopment projects throughout Maharashtra. Members of the advisory committee stated that the initiative follows comprehensive feedback from housing society federations and associations. Committee chairman Rajendra Mirgane informed TOI that recommendations have already been submitted, and a notification will be issued shortly. The demand for such an authority has escalated, particularly as Maharashtra experiences a rise in redevelopment and self-redevelopment activities. Mirgane explained that this proposed authority will create a systematic…