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

Godrej Properties buys 8.5-acre land in Mahalunge, Pune

Representative Image NEW DELHI: Godrej Properties (GPL) has successfully acquired an 8.5-acre land parcel through outright purchase in Mahalunge, Pune. The proposed project will primarily feature group housing, with an estimated development potential of around 2.1 million square feet, translating to a revenue potential of ₹2,000 crore. Gaurav Pandey, Managing Director & CEO of the company, stated, “This land acquisition is a significant milestone in our strategy to strengthen our footprint in Pune and expand across high-potential micro-markets in India’s leading cities.” Additionally, the company announced it will be handing over homes across nearly 10 projects in the National Capital…

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Haryana Revenue Seeks PAN Details for High-Value Property Deals

CHANDIGARH: The Haryana Revenue and Disaster Management Department has instructed all deputy commissioners to submit any outstanding PAN details for high-value property deed registrations statewide without delay. A letter from Sumita Misra, the Financial Commissioner of the Revenue and Disaster Management Department, indicates that the Income Tax Department of the Government of India has requested PAN information for all buyers and sellers involved in deed registrations exceeding ₹30 lakh from the financial years 2019-20 to 2024-25. The department has already made consolidated data accessible through the Web-HALRIS portal, which facilitates deed registration and land records management. Tehsildars are advised to…

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UP Plans Metropolitan Corp for Noida Following SC Ruling

NOIDA: The UP Industries Department has drafted a proposal for the establishment of a metropolitan corporation in Noida, pending consideration by the state council of ministers. This initiative would necessitate legislative changes, marking a significant shift in Noida’s governance. At present, Noida is administered by the New Okhla Industrial Development Authority (Noida Authority), established in 1976 under the Uttar Pradesh Industrial Area Development Act, functioning as an industrial township without a municipal corporation. The governance of notified areas solely rests with the Noida Authority. This proposal stems from a Supreme Court order issued in August of last year, following a…

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Goldman Sachs, Morgan Stanley buy 4.9% in Sunteck for ₹268 crore

NEW DELHI: On Thursday, US-based firms Goldman Sachs and Morgan Stanley jointly acquired a 4.9% stake in Sunteck Realty from CLSA, a capital market company, for ₹268 crore through open market transactions. According to block deal data from the BSE, Goldman Sachs, via its arm Goldman Sachs Bank Europe SE, bought 36.52 lakh shares, equating to a 2.5% stake in Sunteck Realty. Moreover, Morgan Stanley, through its affiliate Morgan Stanley Asia (Singapore) Pte, purchased 35.09 lakh shares, which represents a 2.4% stake in the company. The shares were acquired at an average price of ₹375.1 each, bringing the total deal…

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Prestige Estates Reports ₹244.7 Crore Profit in Q3 FY26

NEW DELHI: Prestige Estates Projects announced a net consolidated profit after tax of ₹244.7 crore for the quarter ending December 31, 2025, a significant increase from ₹32.2 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income for Q3 FY26 reached ₹3,885.5 crore, marking a remarkable growth of 128.84% compared to ₹1,697.9 crore in the corresponding quarter the previous year. The real estate firm reported sales of ₹223,273 million, reflecting a year-on-year increase of 122%. Collections during the first nine months of FY26 amounted to ₹132,833 million, up 49% year-on-year, with…

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Ajmera Realty’s Q3 FY26 Net Profit Drops 24.64%

NEW DELHI: Ajmera Realty & Infra India (ARIIL) has reported a 24.64% decline in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax for Q3 FY26 was ₹25.54 crore compared to ₹33.89 crore in the same quarter of the previous fiscal year, as per the company’s BSE filing. The net consolidated total income for the company was ₹183.52 crore in Q3 FY26, reflecting a decrease of 7.83% from ₹199.12 crore during the same period last year. Dhaval Ajmera, Director of Corporate Affairs, stated, “We achieved a remarkable performance in the first nine months of…

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Suraj Estate Developers’ Q3 FY26 Net Profit Jumps 25.93%

NEW DELHI: Suraj Estate Developers announced a 25.93% increase in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax reached ₹25.16 crore in Q3 FY26, compared to ₹19.98 crore in the same quarter of the previous fiscal year, according to a filing with the BSE. The company reported a net consolidated total income of ₹181.48 crore in Q3 FY26, marking a 5.62% rise from ₹171.82 crore in the corresponding quarter of the previous year. Rahul Thomas, the company’s whole-time director, stated, “The sales area for the first nine months of FY26 was 1.03 lakh…

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Lodha Developers’ Q3 FY26 Profit Edges Up to ₹957 Crore

NEW DELHI: Lodha Developers Ltd reported a consolidated net profit increase of 1% to Rs 956.9 crore for the third quarter of this fiscal year, compared to Rs 944.4 crore in the same quarter last year. The company’s total income rose to Rs 4,775.4 crore for the October-December period of 2025-26, up from Rs 4,146.6 crore during the same period the previous year, as noted in a regulatory filing. Abhishek Lodha, MD & CEO of Lodha Developers, commented on the results: “Our third-quarter pre-sales performance highlights the strong appeal of our product and brand.” He added that pre-sales for the…

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Andhra Pradesh Cabinet OKs ₹4,451 Cr Loan Guarantee for PMAY

AMARAVATI: On Wednesday, the Andhra Pradesh Cabinet sanctioned a government guarantee to APTIDCO for a loan exceeding Rs 4,000 crore to construct housing units and related infrastructure under the Pradhan Mantri Awas Yojana (PMAY). Additionally, the Cabinet approved the enhancement of Piduguralla Government Medical College through a Public-Private Partnership (PPP) model. A press release stated, “The Cabinet has agreed to provide a government guarantee to Andhra Pradesh Township and Infrastructure Development Corporation for a loan of Rs 4,451 crore aimed at constructing housing units and associated infrastructure under PMAY.” Recognizing athlete Jyothi Yarraji’s achievements, the Cabinet also approved a grant…

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Aditya Birla Real Estate posts ₹75 crore Q3 FY26 loss

NEW DELHI: Aditya Birla Real Estate Ltd announced a consolidated net loss of Rs 75.31 crore for the quarter ending December. This marks an increase from the net loss of Rs 42.37 crore reported in the same period last year. The company’s total income decreased to Rs 90.33 crore during the October-December period of this fiscal year, down from Rs 208.64 crore in the corresponding period of the previous year, as per a regulatory filing. The board has approved the appointment of Keyur Shah as Chief Financial Officer (CFO), effective March 1, 2026. This change follows the retirement of Snehal…