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

Ekta World Pays Back ₹170 Crore to ICICI Bank

NEW DELHI: Ekta World has successfully repaid ₹170 crore to ICICI Bank through scheduled repayments, supported entirely by sales and collections from its Ekta Tripolis development. The project, which features three towers and over 600 units, is now complete, with possession already handed over to 503 families. This repayment has effectively reduced the group’s overall debt. In the past year, the company has successfully closed two residential and two commercial redevelopment projects in Bandra, Khar, and Santacruz, while continuing to focus on assets valued above $1 million. Published On Dec 11, 2025 at 03:30 PM IST Join a community of…

IndustryLatest Stories

Quicker Mill Land Redevelopment in Mumbai: Maharashtra’s New Rules

AI Representation Image NAGPUR: Maharashtra’s Deputy Chief Minister Eknath Shinde announced on Thursday that the redevelopment of aging structures on Mumbai’s mill lands will be accelerated, following government approval of a proposal to amend the development regulations. During a legislative assembly session, Shinde, who oversees urban development, pointed out that the current regulations lack an additional incentive in Floor Space Index (FSI) for builders to engage in redevelopment projects. “Many residential buildings and chawls (tenements) in these areas are deteriorating and pose safety risks. Therefore, the government has opted to amend the rules to foster redevelopment. A proposed amendment under…

IndustryLatest Stories

Sebi Expands Strategic Investor Definition for REITs, InvITs

NEW DELHI: The Securities and Exchange Board of India (Sebi) has expanded the definition of “strategic investor” for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), aiming to enhance investor participation in their public offerings. This revised criteria will facilitate capital attraction for these trusts, promote flexibility, and overall ease of business operations. Sebi identified that the previous definition of strategic investor was too limited, excluding significant institutional investors like pension funds, provident funds, and insurance funds. While these entities are active in REITs and InvITs due to their interest in long-term, stable income-generating assets, they were not…

IndustryLatest Stories

Bihar Launches Program to Resolve Land Disputes

PATNA: On Wednesday, Revenue and Land Reforms Minister Vijay Kumar Sinha announced the launch of a new initiative titled ‘Bhumi Sudhar Samvad’ (Land Reforms Dialogue) on December 12. This program aims to assist citizens in resolving land-related issues and updating their documents. A dedicated team named ‘Udan Dasta’ will be established to oversee and prevent land fraud. Sinha noted that the department has received approximately 46 lakh applications concerning land disputes, with nearly 12 lakh already resolved and documented on the portal. “The government is committed to addressing land disputes at the grassroots level while ensuring transparency,” he stated. During…

IndustryLatest Stories

Kochi: Nodal Officer Appointed for Infopark Phase III Land Pooling

Representative AI image KOCHI: The government has appointed Shaji V Nair, the current CEO of Cochin Smart Mission Ltd, as the nodal officer for the land pooling process of the Infopark Phase III project. This project covers approximately 500 acres and is anticipated to accelerate the land pooling procedures. Previously, the Greater Cochin Development Authority (GCDA) requested the government to appoint a nodal officer for the land pooling initiative. The authority has already identified specific land parcels designated for pooling for the proposed Phase III campus, with around 300 acres in the Kizhakkambalam panchayat earmarked for the integrated IT township.…

IndustryLatest Stories

Vadodara: Chaos at Town Hall Over PMAY Draw Delay

VADODARA: A significant uproar occurred at the Sir Sayajirao Nagargruh town hall in Akota, Vadodara, on Wednesday as beneficiaries protested the delay in house draws under the Pradhan Mantri Awas Yojana (PMAY). The Vadodara Municipal Corporation (VMC) was set to conduct draws for 2,700 homes under various PMAY schemes. Beneficiaries had been notified of the draw scheduled for Wednesday. However, for unforeseen reasons, the civic body postponed the draws for one day. A senior VMC official stated, “We were cautious and sent two messages to each beneficiary regarding the postponement.” Despite this, numerous beneficiaries gathered at the town hall on…

IndustryLatest Stories

Indirapuram’s Real Estate Soars Amid Poor Civic Infrastructure

GHAZIABAD: A newly launched housing project with a starting price of Rs 5 crore has positioned Indirapuram as a hotspot for premium real estate in NCR. However, residents express their concerns over rising property rates. “It’s disheartening to see so many issues,” lamented a local from Ahimsa Khand 1. “The roads are torn up for drainage work, and clouds of dust linger during peak pollution. Traffic is a nightmare, and there seems to be no police presence to assist. Every day, the township feels less livable,” they added. As a township adjacent to the Delhi-Meerut Expressway, which is favored for…

IndustryLatest Stories

Ahmedabad Upgraded to High-Risk Quake Zone; Realty Faces 25% Cost Hike

Representative AI image AHMEDABAD: The Bureau of Indian Standards (BIS) has announced a major revision in the seismic zoning for states across India, elevating Ahmedabad to a higher seismic risk category. The city’s classification has been upgraded from Zone III to Zone IV, a change that will affect the structural design of all new buildings approved after May 2026. Sources indicate that the new classifications will come into effect on May 3, 2026. Structural engineers will need to ensure buildings can withstand stronger earthquake forces, likely leading to an increase in material usage. Industry experts anticipate a 20-25% rise in…

IndustryLatest Stories

Mumbai: MHADA Calls for Online Tenders for 16 Plots

Representative AI image MUMBAI: The Mumbai Housing and Area Development Board, part of the Maharashtra Housing And Area Development Authority, has reissued online tenders for 16 amenity plots after the initial bid failed to attract any responses. These plots are situated within various Mhada layouts across Malad-Malvani, Goregaon (Unnat Nagar), Kandivli (Charkop), Vikhroli (Tagore Nagar and Kannamwar Nagar), as well as in Gorai, Akurli, Vinoba Bhave Nagar (Kurla), and Mulund (East). The sizes of the plots vary from 32 sq m to 7,160 sq m. Out of the 21 plots available, six in Malad-Malvani are designated for schools, colleges, hospitals,…

IndustryLatest Stories

India’s SM REIT Market to Exceed $75 Billion: CBRE

Illustrative AI image NEW DELHI: The market for India’s small and medium real estate investment trusts (SM REITs) has the potential to surpass USD 75 billion, supported by over 500 million sq ft of qualifying office, logistics, and retail assets, as highlighted in a report by CBRE South Asia. SM REITs, which were introduced under SEBI’s regulatory framework in 2024, facilitate fractional ownership of income-generating properties typically valued between ₹50 crore and ₹500 crore, allowing smaller investors to engage in commercial real estate. CBRE indicates that this segment could enhance the institutional framework for mid-sized assets and promote increased transparency,…