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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No Permit Fee for Small Plots in Uttar Pradesh

LUCKNOW: The state government has announced a significant change regarding building permits. Residential plots measuring up to 1,076 square feet are now exempt from building permit fees. This amendment to the building byelaws aims to relieve property owners and small shopkeepers from paying building permit and inspection fees for residential plots under 100 square meters (1,076 sqft) and commercial plots under 30 square meters (323 sqft). On December 3, the housing department revised the UP urban planning and development fee regulations, instructing the 29 housing development authorities to implement the new rules for regulating construction activities. Previously, property owners were…

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Lucknow to Auction Plots in Gomtinagar Extension Scheme

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) has finalized plot prices and approved the layout for a new commercial and group housing development in the Gomtinagar Extension Scheme. These prime plots will be available in the upcoming e-auction, which will include commercial complexes at 1090 Chauraha, a hospital site, and multiple group housing plots. The e-auction portal will be open starting December 15, and interested participants can register on the LDA website. LDA Vice-Chairperson Prathamesh Kumar announced that in Sector-7 of Gomtinagar Extension, 43 acres behind the Police Headquarters have been designated for 11 group housing plots and…

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PFRDA Simplifies Investment Rules for REITs and InvITs

Representative AI image NEW DELHI: The Pension Fund Regulatory and Development Authority (PFRDA) has clarified the framework for National Pension System (NPS) funds to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) through a revised master circular on investment guidelines issued on December 10, 2025. PFRDA has established new exposure limits to govern this investment. Combined investments in REIT and InvIT debt instruments and units must not exceed 3% of a pension fund’s total assets under management. Furthermore, pension funds cannot hold more than 15% of the outstanding debt instruments from a single REIT or InvIT,…

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Ashiana Housing MD Elected President of CREDAI-NCR

NEW DELHI: Vishal Gupta, managing director of Ashiana Housing, has been elected as the new president of the National Capital Region chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI-NCR). On Friday, CREDAI-NCR announced its newly formed Executive Committee (EC) and Governing Council (GC). Alongside Vishal Gupta as president, the vice-presidents include Anil Kumar Gupta, Dinesh Gupta, Gaurav Gupta, Manish Agarwal, and Vineet Kanwar. Nikhil Hawelia has been designated as the secretary, while Arpit Goel takes on the role of joint secretary. Gupta expressed his commitment, stating, “Our Governing Board aims to work with renewed enthusiasm, ensuring…

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Ghaziabad body granted power to alter land use for townships

Representative AI image GHAZIABAD: The GDA Board now holds the authority to change land use from agricultural to residential for townships developed under the CM Urban Expansion New City Promotion Scheme, a power that was previously with the state government. This modification will enable the GDA to address delays or disputes related to land-use issues in its projects, particularly in the Harnandipuram township, where over 80% of the 501 hectares proposed for acquisition is currently agricultural land. “Change of land use (CLU) is a long and complex process requiring state government approval, which can take months. In 2023, the state…

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Mumbai Bungalow Sold for ₹164 Crore for Redevelopment

Representative AI image MUMBAI: A historic standalone bungalow in Mumbai’s Bandra-Khar-Santacruz area is set for redevelopment, with a prominent property in Santacruz West selling for ₹164 crore. This transaction adds to the growing trend of vintage homes in the western suburbs being acquired for high-end residential projects. The property, known as Dwarka Bungalow on Linking Road, covers 13,629 sq ft and features a ground-plus-one structure alongside a garage and ancillary sheds. The buyer, ZYJ Estates LLP, has paid a stamp duty exceeding ₹9.84 crore for the transaction, which took place on November 17, according to documents accessed via Zapkey.com. Such…

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BMC to Auction Six-Acre Century Mill Land in Worli, Mumbai

Representative AI image MUMBAI: Nearly a year after the Supreme Court overturned a March 2022 Bombay High Court decision, ruling that almost six acres of Century Cotton Textile Mill land in Worli belong wholly to the BMC, the civic body is now looking to monetize the property. The BMC has issued a tender to auction the land for a 30-year lease, which can be renewed for an additional 30 years via private participation. The starting bid is set at Rs 1,348 crore, and development will adhere to the Development Control & Promotion Regulations (DCPR-2034) guidelines. “The base price reflects the…

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Satya, Maple Group to Invest ₹1,600 Crore in Dwarka Project

NEW DELHI: The Satya Group and Maple Group have made a ₹1,600 crore investment to launch Levante Residences, a high-rise residential project located in Sector 104, Gurugram, adjacent to the Dwarka Expressway. This project will encompass five acres and consist of three towers, each with 47 floors, offering a total of 488 units. Apartment options include 3BHK, 4BHK, and 5BHK configurations, with prices starting at ₹2.96 crore. Construction is anticipated to begin in January 2026, with completion projected for 2030. The funding for this investment will be secured through promoter equity, ASK Fund, and internal cash flows, with expected sales…

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Bhumika Group to invest ₹700 crore in Faridabad project

NEW DELHI: Bhumika Group has unveiled a mixed-use project named The Icon in Faridabad, with a substantial investment of ₹700 crore and an anticipated sales revenue of around ₹1,500 crore. The development will consist of 88 upscale low-density residential units in 3BHK + study configurations, as well as staff accommodation. The overall construction phase is projected to last four years and three months, with all 88 residential units included in the initial launch. Phase II will introduce a hotel tower with suites. Residential units are priced at ₹15,500 per sq. ft., and retail spaces are available for lease at ₹200–250…

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BNW Developments, Enlightened Minds Launch $27M UAE Fund

NEW DELHI: BNW Developments and Enlightened Minds Investments have partnered as co-general partners to launch the BNW Real Estate Fund, achieving capital commitments of USD 27 million. This fund aims to support real estate development in the UAE. The investments will focus on three primary areas: land acquisition, completion financing for advanced projects, and the development of branded, purpose-built real estate assets. The fund anticipates an 18% annual return, with 8% distributed yearly and the remainder expected upon exit. Published On Dec 11, 2025 at 01:30 PM IST Join over 2 million industry professionals. Subscribe to our newsletter for the…