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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Himachal Pradesh Cabinet Approves Township Near Chandigarh

Representative AI image SHIMLA: On Tuesday, the Himachal Pradesh Cabinet announced several significant decisions, including plans for a world-class township at Shitalpur near Chandigarh and the creation of 600 positions for assistant staff nurses in state-operated medical facilities. In a meeting led by Chief Minister Sukhvinder Singh Sukhu, the cabinet also agreed to fill 53 assistant professor roles and 121 various categories of posts across medical colleges in the state to bolster the healthcare system, according to an official statement. For the new township in Shitalpur, located in Solan district’s Baddi area, the cabinet approved transferring 3,400 bighas of land…

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Panel Established to Revise Gujarat Land Revenue Act

Representative AI image GANDHINAGAR: The state government recently established a committee led by retired IAS officer C.L. Meena to review the Gujarat Land Revenue Act of 1879 and related regulations. The objective is to recommend necessary amendments to the Act. The committee, composed of other members like M.B. Parmar and Anis Mankad (both retired IAS officers) along with a member secretary, is tasked with submitting its report within six months. A notification regarding this was released on December 22. As outlined in the notification, the committee is responsible for assessing the revenue department’s rules, resolutions, and manuals connected to this…

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InvITs, REITs Distributions Surge 55% YoY in Q2 FY26: ICRA

NEW DELHI: According to ICRA Analytics, India’s Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) showed remarkable growth in distributions for the second quarter of FY2026, buoyed by robust performance in various sectors such as roads, power, energy, commercial real estate, telecom infrastructure, and logistics. Distributions from public InvITs and REITs surged by 34.3% quarter-on-quarter, exceeding ₹3,300 crore in Q2 FY26. On a year-on-year basis, distributions saw a 55.4% increase from the previous year. REITs were the standout performers this quarter, benefiting from steady leasing activity, rental growth, and improved collection rates within commercial office portfolios. Meanwhile, road…

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Gaurs Group Secures ₹440 Crore via Non-Convertible Debentures

NEW DELHI: Gaurs Group has successfully completed its inaugural public offering of non-convertible debentures (NCDs), raising ₹440 crore, and the issue has been fully subscribed. Three mutual funds participated in the subscription. The debentures were issued by Gaursons India, the parent company of Gaurs Group, and will be traded on the National Stock Exchange (NSE). Kotak Mahindra Bank served as the sole arranger for this transaction. “This gives us enhanced flexibility to foster growth while ensuring a sound capital structure,” remarked Sarthak Gaur, director of the company. The entire process was concluded over a span of nearly three months. The…

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Construction of Technopark’s QUAD Project Starts January 2026

THIRUVANANTHAPURAM: The construction of Technopark’s QUAD project will commence next month, representing a significant advancement in Kerala’s largest IT township initiative. As site preparation starts for the flagship building, Technopark has released an expression of interest (EOI) seeking private co-developers to assist in creating additional top-tier IT and commercial spaces within the QUAD campus. The EOI process will include a clarification meeting to address queries from interested developers, scheduled for both online and offline formats at 4 PM on December 30. Proposal presentations will follow from 11 AM on January 5, 2026. Complete EOI information can be found on the…

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Real Estate Institutional Investments to Exceed $10B by 2025: JLL

NEW DELHI: Institutional investments in India’s real estate market are projected to surpass $10 billion for the first time in 2025, reaching approximately $10.4 billion through 77 transactions, according to JLL’s report. This marks a 17% year-on-year increase from the $8.9 billion noted in 2024, marking the second successive year of record investment inflows. This achievement highlights ongoing institutional interest in Indian real estate, fueled by enhanced market transparency, stable asset performance, and a wider investor base. Beyond completed transactions, the sector also experienced platform commitments of about $11.4 billion in 2025, intended for deployment over the next three to…

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Ambuja Neotia to Revive Usshar Project in Batanagar, Kolkata

NEW DELHI: Ambuja Housing & Urban Infrastructure Company (AHUICL), a subsidiary of Ambuja Neotia Group, has secured approval from the National Company Law Tribunal (NCLT) to acquire the Usshar Project in Batanagar as part of a parcel-wise resolution for the corporate debtor Riverbank Developers. According to the resolution plan endorsed by a division bench of NCLT, Kolkata, under the Insolvency and Bankruptcy Code (IBC), AHUICL will assume control of the asset parcel comprising the Usshar residential project, which spans approximately 9.4 acres. As outlined in the approved plan, the company will make an upfront payment of ₹34 crore, with the…

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Delhi’s Baansera Cafe Among 150 Plots Up for E-Auction

NEW DELHI: The Delhi Development Authority (DDA) plans to auction over 150 sites and plots at the end of next month, as part of its efforts to enhance revenue by monetizing vacant lands and assets. The available properties will include residential, industrial, institutional, and group housing projects, as well as commercial spaces, kiosks, and food courts, featuring a café at Baansera. The significant e-auction scheme, introduced on the DDA’s foundation day, will begin registrations on December 30 for plots situated in prime locations. Officials indicate that these sites are categorized under 11 groups and comprise both reclaimed and newly identified…

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IT Investment Boosts Visakhapatnam Plot Prices by 60%

Representative image VISAKHAPATNAM: Land and plot auctions by the Visakhapatnam Metropolitan Region Development Authority (VMRDA) reflect public interest in the city’s real estate. The recent auctions on December 17 and 18 for remaining plots in middle-income group (MIG) layouts gained attention, driven by nearly ₹2.5 lakh crore in investments announced in Anandapuram, Kapuluppada, and Rushikonda, particularly in IT and digital infrastructure. At the Palavalasa MIG layout, located three kilometers from Tarluwada village—where Google’s data center is being established—prices soared. Seven plots, initially priced at ₹14,500 per square yard, saw bids rise significantly, with the highest reaching ₹23,700 (a 64% increase),…

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Rajasthan Developer Claims Officials Altered Land Ownership

JAIPUR: A real estate developer from Jaipur has accused officials of the Jaipur Development Authority (JDA) of tampering with land records and illegally modifying the ownership of a specific land parcel. Rajdarbar Pinkcity Developers Pvt Ltd filed a complaint with the JDA Commissioner, stating that the firm purchased approximately 3.14 hectares of agricultural land in Jayasinghpura Bas village near Bhankrota in 2005, supported by registered sale deeds. The company claims that it followed all legal protocols, including the surrender of land as per the Rajasthan Land Revenue Act, which were approved by the JDA the same year. In January 2021,…