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

Noida Authority to Demolish 60 Buildings, Flats Up to ₹65L

NOIDA: On Wednesday, the Noida Authority launched a demolition operation against illegal constructions in Salarpur Khadar village, where 39 developers are accused of erecting about 60 buildings across 24 plots. Many of these constructions are six to seven stories tall and marketed as 1BHK to 3BHK flats priced between Rs 30 lakh and Rs 65 lakh. A team of 50 officials, equipped with six earthmovers and tractor-trolleys, initiated the demolition process. Police were also deployed on-site for security. While officials began dismantling structures on certain identified plots, they faced delays when farmers presented court-issued stay orders. However, demolitions proceeded on…

IndustryLatest Stories

Lucknow body sells ₹300 crore property in e-auction

LUCKNOW: The LDA recently conducted an e-auction, successfully selling property valued at over Rs 300 crore. Two school plots of 3,500 sqm each in Sector-N of the Basantkunj scheme were sold for Rs 14 crore each, aimed at establishing private schools to serve the Basantkunj area and nearby housing colonies under the Pradhan Mantri Awas Yojana. Additionally, a commercial plot in the Central Business District that was originally valued at Rs 51 crore fetched an impressive Rs 76 crore. A 288 sqm plot in Sector-4 of Gomtinagar Extension, listed at Rs 95 lakh, sold for Rs 2.76 crore. Furthermore, a…

IndustryLatest Stories

Embassy REIT Denies Sterling Wilson’s ₹100-Crore Claim

Embassy Office Parks REIT has dismissed claims from Sterling Wilson Renewable Energy and Sterling Wilson Pvt Ltd regarding a supposed Rs 100-crore payment owed by Embassy Energy Pvt Ltd (EEPL), a subsidiary of the REIT. In a regulatory filing on Tuesday, the REIT described the allegations as “frivolous, false and vexatious,” noting that several judicial forums have already ruled against them. Embassy REIT stated that the dispute originates from 2018, prior to its public offering and before EEPL became part of the trust. Sterling Wilson alleges that EEPL has not fulfilled its payment obligations. However, both the National Company Law…

IndustryLatest Stories

Godrej’s Masterplan for 1,000 Acres in Vikhroli

Representative Image MUMBAI: The Godrej Enterprise Group, a major landholder in Mumbai, is developing a comprehensive master plan for its 1,000-acre parcel located in suburban Vikhroli, as confirmed by a senior executive on Tuesday. Jamshyd Godrej and his sister Smita Crishna, who oversee the group, have shifted some manufacturing operations from this site but will continue production at Vikhroli, noted GEG’s Executive Director Nyrika Holkar during a press briefing. “We will maintain manufacturing activities in Vikhroli, and we are currently undertaking a master planning exercise to ensure systematic development over time,” Holkar stated. As Holkar explained, the land is primarily…

IndustryLatest Stories

RLDA Seeks Bids for Railway Land in Mumbai

Representative image created by AI MUMBAI: The Rail Land Development Authority (RLDA) has launched e-bids for leasing prime railway land in Mumbai for residential and commercial projects. The sites available include a 10,801 sq m plot in Mahalaxmi, a 23,047 sq m plot in Parel, and a 45,371 sq m plot in Bandra (East), each with a lease period of 99 years. The reserve prices for these sites are Rs 993 crore for Mahalaxmi, Rs 1,734 crore for Parel, and Rs 5,365 crore for Bandra (East). Positioned near major business hubs and transport links, these locations hold significant appeal for…

IndustryLatest Stories

Andhra Pradesh earmarks land for private industrial park in Nellore

Representative AI image VIJAYAWADA: The state government has allocated 2,776 acres of land to IFFCO-SEZ in the Nellore district to pave the way for a significant private industrial SEZ. The company plans to invest ₹870 crore and create approximately 70,000 jobs. Andhra Pradesh’s new policy for establishing private industrial parks (2024-29) provides ‘plug and play’ industrial infrastructure. The aim is to enhance the development of world-class industrial parks through private sector initiatives, fostering job creation and investment by cultivating a favorable investment climate in the state. This policy will support world-class operations and maintenance in these parks, while creating a…

IndustryLatest Stories

HSV Property Dealer Launches Online Urban Estate Resale Platform

Representative AI image CHANDIGARH: The Haryana Shehri Vikas Pradhikaran (HSVP) is poised to rebrand itself as a government-run real estate agency, a decision that may not be well received by private real estate agents and the general public. In response to a shortage of land, HSVP plans to facilitate allottees across its 30 urban estates to resell their properties through an e-auction platform. Allottees will need to express interest (EOI) and pay an initial facilitation fee of 0.25% of the offer price, followed by 0.50% of the final deal amount post-auction. The first e-auctions are scheduled for September 24-28 in…

IndustryLatest Stories

REITs Value Hits ₹1.5 Lakh Crore; Q1 FY26 Distributions Up 13.7%

NEW DELHI: As of market close on August 18, 2025, India’s listed real estate investment trusts (REITs) have achieved a combined market capitalization of approximately ₹1.5 lakh crore. Quarterly distributions rose 13.7% year-on-year to ₹1,559 crore in Q1 FY26, reaching over 2.7 lakh unitholders. Since their inception, the four operational REITs have distributed more than ₹24,300 crore to unitholders up to Q1 FY26. As of Q4 FY25, the domestic REIT industry’s assets under management (AUM) were valued at ₹2.25 lakh crore, with a portfolio exceeding 175 million sq ft of Grade A office and retail space. REITs offer tax-efficient, pass-through…

IndustryLatest Stories

Max Estates Gets Development Rights for 7.25 Acres in Gurugram

Representative image NEW DELHI: Max Estates has acquired the development rights to a 7.25-acre land parcel in Sector 59, Gurugram. This agreement involves purchasing 100% of Base Buildwell (BBPL), a project SPV that holds the license and development rights for the land. The project has the potential for 1.3 million sq ft of development, with an estimated investment of ₹534 crore, and is projected to yield a booking value exceeding ₹3,000 crore. The investment includes the complete acquisition of BBPL’s share capital, comprising 10,000 equity shares of ₹10 each and 24,17,256 compulsorily convertible debentures of ₹100 each, along with project-level…

IndustryLatest Stories

Vedanta Wins ₹17,000 Crore Bid for Jaiprakash Associates

NEW DELHI: Mining giant Vedanta has outbid Gautam Adani’s Group to acquire the financially troubled Jaiprakash Associates (JAL) for Rs 17,000 crore, as reported by sources. This bid equates to an estimated net present value (NPV) of Rs 12,505 crore for JAL. JAL operates in various sectors including real estate, cement, power, hotels, and road construction, but it has been subjected to insolvency proceedings following loan payment defaults. The creditors of JAL initiated a competitive bidding process for the company’s sale under the Insolvency and Bankruptcy Code (IBC). While several parties expressed interest, only Vedanta and Adani Group placed firm…