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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Uttar Pradesh Housing Panel Launches Phase Two of Rule Easing

LUCKNOW: On Tuesday, the UP housing department established a six-member committee, chaired by the housing secretary, to initiate the second phase of the compliance reduction and deregulation process. This committee will consist of vice-chairmen from Lucknow, Varanasi, and Ghaziabad, along with the state’s chief town planner and Awas Bandhu’s director. After securing the top position in the first phase of the deregulation initiative nationwide, the UP government has tasked key departments with identifying bottlenecks causing delays in processing applications from individuals and private entities. “We will assess all our services to enhance the working environment for all stakeholders. Our primary…

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HDFC Capital, Curated Living set up ₹1,000 Crore rental platform

NEW DELHI: HDFC Capital Advisors, the real estate private equity branch of the HDFC Group, has partnered with Curated Living Solutions (CLS), led by Bhaskar Raju from the DivyaSree Group, to create a ₹1,000 crore rental housing platform. According to Vipul Roongta, CEO of HDFC Capital, “India’s urban rental housing market is at a pivotal moment, influenced by a youthful and mobile demographic. Rental housing plays a crucial role in enhancing mobility, particularly for students, young professionals, and migrant workers.” The platform will emphasize the development, ownership, and management of institutional-grade rental housing assets to address the increasing demand for…

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Hyderabad: ₹100 Crore Tax Evasion by 1 Lakh Property Owners

HYDERABAD: The financially struggling Greater Hyderabad Municipal Corporation (GHMC) has discovered over one lakh property owners who have collectively avoided paying over Rs 100 crore in taxes by undervaluing their properties for several years. This was revealed during a GIS-based survey conducted by the GHMC between August 2024 and December 2025, utilizing drone imagery and high-resolution mapping. As part of the survey, over six lakh properties were assessed. The data indicated that most of the under-assessed properties are located in Serilingampally, Chandanagar, Moosapet, Kukatpally, and LB Nagar circles—areas characterized by rapid urban development, high-rise buildings, and increased commercial activity over…

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Hyderabad: 1 Lakh Owners Evaded ₹100 Crore in Taxes, GHMC Reports

HYDERABAD: The financially challenged Greater Hyderabad Municipal Corporation (GHMC) has identified over 100,000 property owners who collectively evaded taxes exceeding Rs 100 crore due to prolonged under-assessment of their properties. This discovery was made during a GIS-based survey conducted from August 2024 to December 2025, utilizing drone imagery and high-resolution mapping. More than six lakh properties were evaluated as part of this survey. The results indicated that most under-assessed properties are located in rapidly urbanized areas such as Serilingampally, Chandanagar, Moosapet, Kukatpally, and LB Nagar, all of which have seen significant commercial and residential development in recent years. An official…

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Delhi Villages Demand Relief from House Tax, Urban Rules

NEW DELHI: A combined delegation from the Delhi Panchayat Sangh and Palam 360 Village Khap met with MCD Standing Committee Chairperson Satya Sharma on Tuesday, requesting the repeal of house tax and other urban regulations affecting villages in the national capital, as stated in their announcement. The delegation submitted a memorandum advocating for the exemption of all Delhi villages from house tax, conversion charges, parking fees, and other municipal taxes. They argued that these fees impose an unfair financial burden on rural residents whose livelihoods and living conditions significantly differ from those in urban settings. The group emphasized that villagers…

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Maharashtra May Boost RR Rate in April Amid Rising Debt

PUNE: According to senior officials in the revenue department, purchasing a flat may become more expensive in the upcoming financial year. There is a suggestion of a potential increase in Ready Reckoner (RR) rates this April due to a growing revenue deficit and rising debt associated with welfare initiatives such as the Ladki Bahin Yojana. Discussions with stakeholders at the district level are currently ongoing, and a final decision will depend on the funding required for infrastructure projects, welfare programs, and recently introduced incentives. “Given the increasing revenue deficit and significant supplementary demands, a revision in RR rates appears to…

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Andhra CM Advocates Amaravati Capital Bill in Parliament

VIJAYAWADA: Chief Minister and TDP leader Chandrababu Naidu announced that a Bill will likely be introduced in Parliament during the budget session to formally recognize Amaravati as the capital of Andhra Pradesh. He urged party MPs to intensify efforts to secure Central funds for ongoing and proposed development projects in the state and to remain vigilant during the upcoming budget session to safeguard Andhra Pradesh’s interests. Naidu chaired a meeting of the Telugu Desam Parliamentary Party at his camp office on Sunday, where he outlined key issues to be addressed during the budget session planned from January 28 to April…

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Raymond Realty Q3 FY26 Net Profit Hits ₹66.79 Crore

NEW DELHI: Raymond Realty has announced a consolidated net profit of ₹66.79 crore for the quarter ending December 31, 2025, a significant increase from ₹3.01 crore reported in the same quarter last fiscal year, according to a BSE filing. The company’s consolidated total income for Q3 FY26 reached ₹765.97 crore, compared to ₹93.26 crore in the corresponding quarter of the previous year. Harmohan Sahni, the managing director and CEO, stated, “Margins were temporarily affected due to upfront approval and marketing expenses, which are crucial investments for achieving scale and ensuring sustainable long-term growth.” The company projects that joint development agreements…

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13 Builders Fined for Water Extraction; Noida Claims Legality

NOIDA: Contradictory statements have surfaced from the Uttar Pradesh Pollution Control Board (UPPCB) and Noida Authority in two separate affidavits filed with the National Green Tribunal (NGT) regarding a plea for action against builders for illegal groundwater extraction in Greater Noida. The case is set for hearing on Tuesday. In an affidavit dated January 23, UPPCB referenced a letter from the Greater Noida Authority imposing a penalty of 1% of the project cost on 22 builders. Conversely, Noida Authority’s affidavit from January 24 stated that 13 of the builders purchased 3.80 lakh KL of STP-treated water worth Rs 19 lakh…

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Illegal Ads Removed from Barricades in Noida Sector 150

NOIDA: A commercial plot in Sector 150, where software engineer Yuvraj Mehta drowned on January 16, is now under scrutiny for civic lapses. The plot’s owner, Wiztown Planners, claims that the Noida Authority ordered the removal of barricades at the site in July 2021. “The area was previously barricaded. The Noida Authority intervened and instructed Wiztown to take down the barricades, which included advertisements for their project named Artham,” Wiztown’s counsel stated to TOI on Monday. Last week, Wiztown’s director, Abhay Kumar, was arrested and named in two FIRs—one for culpable homicide not amounting to murder and negligence, and the…