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

Uttar Pradesh Housing Board Raises ₹1,000 Crore via New Scheme

LUCKNOW: The housing board has generated an impressive revenue of ₹1,000 crore through its first-come-first-served scheme, launched in October last year. This initiative aims to sell off old units that had remained unsold for various reasons, officially beginning on October 31. The Uttar Pradesh Awas Vikas Parishad compiled a list of unsold properties statewide. Information about the flats, including their coordinates, photographs, and addresses, is available on a centralized portal managed by the department. Housing Commissioner Balkar Singh mentioned that 2,141 flats have been booked by buyers so far, adding that “the scheme is effective until March 31.” To make…

IndustryLatest Stories

Signature Global reports ₹45.33 crore net loss in Q3 FY26

NEW DELHI: Signatureglobal (India) has reported a net consolidated loss after tax of ₹45.33 crore for the quarter ending December 31, 2025, compared to a profit after tax of ₹29.13 crore during the same quarter of the previous fiscal year, as noted in a filing with BSE. The company’s net consolidated total income for Q3 FY26 was ₹312.76 crore, reflecting a 63.72% decline from ₹862.14 crore in the corresponding quarter of the previous year. Pradeep Aggarwal, the founder and chairman, stated, “We have maintained steady performance during the first nine months of FY26. Although the real estate market has experienced…

IndustryLatest Stories

DLF Sells IT SEZ Land in Kolkata to Srijan for ₹670 Crore

Representative AI image NEW DELHI: DLF has signed definitive agreements to sell its IT/ITeS SEZ asset and an adjacent land parcel in Kolkata to Makalu Builders LLP and Gangapurna Projects LLP, subsidiaries of Srijan Realty, for a total of approximately ₹670 crore. As per a business transfer agreement (BTA) executed on February 3, 2026, DLF will transfer its IT/ITeS SEZ operations, including DLF TechPark II and around 8.15 acres of freehold land in Kolkata, to Makalu Builders LLP for ₹409.86 crore. The asset has a gross leasable area of about 10.54 lakh sq ft. Additionally, DLF has signed an agreement…

IndustryLatest Stories

Bengaluru body to inform public about illegal layouts

BENGALURU: The Bangalore Development Authority (BDA) has identified 258 unauthorized layouts within its jurisdiction as part of its initiative to combat illegal urban development. To educate citizens about proper construction and planning, the BDA is set to release a series of public interest notices. These notices will outline important details, including the definition of a layout, necessary approvals, and the authorities responsible for granting permissions. The awareness campaign, expected to kick off in Budigere and its neighboring areas, has emerged in response to the ongoing conversion of agricultural and green belt lands into residential plots. The BDA has issued a…

IndustryLatest Stories

Delhi’s property tax amnesty scheme extended to Feb 28

NEW DELHI: The Municipal Corporation of Delhi announced on Monday that it has extended its property tax amnesty program, ‘SUNIYO,’ until February 28, 2026. Officials have encouraged property owners throughout the capital to step forward and clear their outstanding dues, as the late fee will remain unchanged at 5%. Under the Sumpattikar Niptaan Yojana (SUNIYO), taxpayers can receive a complete waiver of property tax, interest, and penalties for all years before 2020-21, provided they pay the principal tax for the current fiscal year (2025-26) and the previous five years. Delhi Mayor Raja Iqbal Singh described this as a golden opportunity,…

IndustryLatest Stories

Mahindra Lifespace Q3 FY26 Net Profit at ₹108.88 Crore

NEW DELHI: Mahindra Lifespace Developers (MLDL) has announced a net consolidated profit after tax of ₹108.88 crore for the quarter ending December 31, 2025. This is in contrast to a loss after tax of ₹22.47 crore recorded in the same quarter last year, as stated in their BSE filing. The total net consolidated income for Q3 FY26 reached ₹469.08 crore, reflecting an impressive increase of 152.51% from ₹185.77 crore in the corresponding quarter of the prior fiscal year. As of December 31, 2025, MLDL reported a net worth of ₹3,534.70 crore, with a debt-equity ratio of 0.19, a current liability…

IndustryLatest Stories

Haryana’s Affordable Housing Scheme Stalled by Rising Costs

GURUGRAM: There is an increasing demand to reassess Haryana’s affordable housing policy, as stakeholders report that the initiative has nearly come to a standstill in Gurugram and Faridabad due to escalating land and construction costs, according to an official. Officials from the Town and Country Planning (TCP) Department noted that no new licenses for affordable housing projects have been issued in Gurugram in the last one-and-a-half to two years. Furthermore, the Gurugram-Manesar Master Plan area has not witnessed any new affordable housing developments during this time, casting doubt on the policy’s effectiveness. Currently, the government has set the maximum sale…

IndustryLatest Stories

Karnataka Home Minister Orders Probe into Confident Group Chair’s Suicide

Sure! Here’s a rewritten version of your content: BENGALURU: On Saturday, Karnataka Home Minister G Parameshwara announced that authorities are investigating the circumstances surrounding the death of Confident Group chairperson C J Roy, who reportedly committed suicide in his office while Income Tax officials were present. Parameshwara shared with reporters that the Income Tax Department had previously conducted searches at Roy’s firm and was in the process of finalizing necessary protocols. “Last December, there was a raid at his company. According to regulations, a charge sheet must be filed within 60 days in court. The need for finalization was urgent,…

IndustryLatest Stories

Budget 2026: Govt to Speed Up CPSE Real Estate via REITs

“Over the years, REITs have emerged as a successful instrument for asset monetisation. I propose to accelerate recycling of significant real estate assets of CPSEs through the setting up of dedicated REITs,” said FM. In her Union Budget address on February 1, Finance Minister Nirmala Sitharaman proposed to hasten the monetisation of real estate assets owned by central public sector enterprises (CPSEs) via dedicated Real Estate Investment Trusts (REITs), aiming to unlock capital in established public assets. “Over the years, REITs have emerged as a successful instrument for asset monetisation. I propose to accelerate recycling of significant real estate assets…

IndustryLatest Stories

Budget 2026: REITs, Land Relief, and City Growth Boost Real Estate

File photo NEW DELHI: Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 on February 1, unveiling a series of initiatives designed to enhance capital recycling, simplify tax compliance, and accelerate urban infrastructure development, benefiting the real estate and construction sectors substantially. A major highlight was the government’s plan to fast-track the monetization of central public sector enterprise (CPSE) real estate assets through specialized Real Estate Investment Trusts (REITs). Sitharaman noted that REITs have proven to be an effective tool for asset monetization, which would aid in recycling mature public assets, while also generating consistent revenue and unlocking funds for…