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

Maharashtra’s Intra-District Property Registrations Top 60,000

PUNE: The state government’s initiative allowing citizens to register property at any sub-registrar office within their district has surpassed 60,000 registrations since its launch on May 1, officials reported on Tuesday. However, plans for inter-district registration are unlikely to materialize until next year. “There are technical and legal challenges that need to be resolved before implementing this statewide system. Stakeholders have expressed concerns, and significant changes are required in the software. Therefore, it won’t be possible to roll it out before next year,” said a senior official from the state registration department. A total of 60,694 documents have been processed…

IndustryLatest Stories

Manesar to Fee Property Owners for Vacant Plot Cleanup

Representative Image GURUGRAM: Property owners will now be held responsible for cleaning costs associated with garbage accumulation on vacant lots and private premises. The Municipal Corporation of Manesar (MCM) commissioner, Ayush Sinha, announced on Monday that officials are now empowered to take immediate action. He also directed joint commissioners to enhance greenery and beautification efforts within the municipal area. Sinha stated, “This initiative aims not only to foster cleanliness in the Manesar area but also to raise public awareness about individual responsibilities.” According to Section 274 of the Haryana Municipal Corporation Act, 1994, if litter is discovered on vacant plots…

IndustryLatest Stories

Abhishek Kapoor Named New CEO of My Home Constructions

NEW DELHI: My Home Constructions, a subsidiary of the My Home Group based in Hyderabad, has announced the appointment of Abhishek Kapoor as the new chief executive officer (CEO), effective immediately. Kapoor recently resigned as group CEO and executive director at Puravankara. “Our goal is to strengthen My Home’s footprint in Bengaluru, Chennai, and Mumbai through innovative products and exceptional customer service,” Kapoor stated. He will be responsible for driving the company’s growth strategy, focusing on business development, land acquisition, sales and marketing, strategic partnerships, and operational execution. My Home Constructions currently has over 50 million sq ft of construction…

IndustryLatest Stories

HUDCO to raise ₹3,000 crore via debentures

Representative image NEW DELHI: Housing and Urban Development Corporation Limited (HUDCO) is set to raise up to Rs 3,000 crore by issuing non-convertible debentures. In a regulatory announcement made on Monday, the company stated that its Board of Directors had approved a proposal in April to raise up to Rs 65,000 crore through bond/debenture issuance for the fiscal year 2025-26. The Bond Allotment Committee plans to meet on August 29, 2025, to consider the issuance/allotment of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs with a face value of Rs 1 lakh each, totaling up to Rs 3,000 crore on a private…

IndustryLatest Stories

Gaurs Group Purchases 12 Acres at Yamuna Expressway

Representative image created by AI NEW DELHI: Gaurs Group has acquired a 12-acre land parcel in Sector 22-D along the Yamuna Expressway to develop a residential project, with an investment of approximately ₹1,400 crore. Manoj Gaur, CMD of Gaurs Group, stated, “The Group has secured possession of the plot and is in the process of obtaining map sanctions and other necessary approvals. The project will go through the RERA registration process after receiving all requisite approvals, and sales will begin once the RERA registration number is obtained.” The upcoming development will feature ultra-luxury high-rise residences, with a projected topline of…

IndustryLatest Stories

India’s 28 Builders Sell Properties Worth ₹53,000 Cr (Apr-Jun)

NEW DELHI: In the April-June quarter, India’s 28 publicly listed real estate companies collectively sold properties valued at approximately Rs 53,000 crore, with Prestige Estates recording the highest sales. According to regulatory filings, the total sales bookings for these firms amounted to Rs 52,842 crore for the first quarter of the financial year. Bengaluru’s Prestige Estates Projects Ltd led the sector with pre-sales reaching Rs 12,126.4 crore during this period. DLF Ltd, recognized as the largest real estate firm by market capitalization in India, secured the second spot with pre-sales of Rs 11,425 crore, mainly due to demand in the…

IndustryLatest Stories

Taxman could gain greater power to target benami properties

Representative Image MUMBAI: Efforts to strengthen the law against benami transactions are underway. These transactions often see faceless individuals, slum residents, and impoverished laborers in tribal areas holding properties worth crores for the actual owners who conceal their identities. A committee formed by the Central Board of Direct Taxes (CBDT) has put forth recommendations, including granting officials access to the Aadhaar database, state property registries, and the vehicle and driving license data. They also propose amending the law to allow the confiscation of other assets belonging to true beneficiaries if a benami asset remains untraceable. The committee, which submitted its…

IndustryLatest Stories

Mysuru’s Online Auction of Upscale Sites Draws High Bids

MYSURU: An online auction of stray MDA sites in Mysuru’s upscale neighborhoods has revealed astonishing bids. The top bid for a 745 sqft corner plot in the affluent Vijayanagar IV stage reached Rs 2 crore, significantly above the base price of Rs 59.6 lakh. Another site, spanning 4,133 sqft, garnered a bid of Rs 9 crore compared to its starting price of Rs 3.3 crore. Both properties had a base price set around Rs 8,000 per sqft, using market rates and previous sales as benchmarks. Bids for these properties have surged, often reaching two to three times the original base…

IndustryLatest Stories

Opposition Grows to Proposed Building Rules in Punjab

BATHINDA: Several pro-environment organizations and activists have voiced strong objections to the proposed Punjab Unified Building Rules, 2025, likening them to a land-pooling policy. They contend that the draft favors builders over the general public by granting developers extensive powers. These organizations argue that Punjab’s residents are opposed to congested, unsafe, and unlivable urban areas. They express concerns that provisions for unlimited floor area ratio (FAR), increased population densities, habitable basements, commercializing residential spaces, relaxed fire safety standards, and loss of green areas will lead to concrete jungles. They believe that the proposed rules prioritize developer profits at the expense…

IndustryLatest Stories

MHA Urges Chandigarh Admin for Response on Property Issues

CHANDIGARH: The Ministry of Home Affairs (MHA) has once again reached out to the Chandigarh administration regarding unresolved property issues, following a lack of response. In its recent communication, the MHA referenced a letter from Chandigarh MP Manish Tewari, highlighting five critical matters concerning the administration. The MHA’s letter states, “The requisite information is still awaited. Therefore, we kindly request your comments on the following major issues facing the Chandigarh administration.” The Times of India was the first to report on this communication. The ministry is seeking updates and views on several “major issues.” The identified issues include: property sale…