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

Prestige Estates posts ₹12,126 crore sales in Q1 FY26

Sure! Here’s a rewritten version of the content: — Representative image created by AI NEW DELHI: Prestige Estates Projects has recorded sales of ₹12,126 crore in Q1 FY26, marking a nearly four-fold increase compared to the same quarter last year. The company sold 4,718 units from April to June, resulting in 9.55 million sq ft of saleable area—a 234% year-on-year growth. Collections reached ₹4,523 crore, up 55% from Q1 FY25. The average realization was ₹13,339 per sq ft for apartments and ₹7,343 per sq ft for plotted developments. NCR Fuels Growth, Mumbai Sees First Project Completions This quarter saw a…

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Signature Global records ₹2,640 crore pre-sales in Q1 FY26

Representative image created by AI NEW DELHI: Signatureglobal (India) reported pre-sales of ₹2,640 crore for Q1 FY26, down from ₹3,120 crore during the same period last year. The company experienced a notable increase in average sales realization, which rose by 31% year-on-year to ₹16,296 per sq ft in Q1 FY26, compared to ₹12,457 per sq ft in FY25. Pradeep Kumar Aggarwal, chairman and whole-time director, stated, “We expect strong sales momentum and are confident in achieving our annual targets across several metrics.” Collections for the quarter totaled ₹930 crore, lower than ₹1,210 crore in Q1 FY25. In terms of business…

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NDMC to Revise Allotment and Inter-Pool Policies for Lutyens Flats

Representative image created by AI NEW DELHI: The New Delhi Municipal Council (NDMC) is set to revise its policy regarding the allotment of flats and inter-pool housing in Lutyens’ Delhi. During the recent council meeting, it was noted that 10-11 duplex bungalows in Lutyens’ Delhi remain unvacated despite officer transfers, and that flats allocated under the inter-pool policy have not been officially transferred back to the council. The issue was brought to attention by NDMC Vice Chairman Kuljeet Chahal. Meeting minutes revealed that one ex-officio member was unable to occupy a flat months after the council’s formation due to unavailability.…

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50% of Sabarmati riverfront plot sale proceeds to Gujarat govt

Representative image generated by AI AHMEDABAD: On October 28, 2024, the Sabarmati Riverfront Development Corporation Ltd. (SRFDCL) approved a bid to sell development rights for a 4,420 sq m plot near Vallabhsadan, located on the western side of the riverfront, for Rs 156.13 crore. Half of the total revenue from this sale will be allocated to the state government. Sources indicate that in 2004, when the state-owned land along the banks of the Sabarmati was allocated for the riverfront development project by the revenue department, it was stipulated that 50% of total revenue from land sales should go to the…

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Lekhpals to Monitor Illegal Buildings in New Noida Villages

Representative image created by AI NOIDA: In a bid to combat illegal construction in the New Noida (DNGIR) area, the Noida Authority has appointed two lekhpals to oversee development activities across 80 villages—20 in Gautam Budh Nagar and 60 in Bulandshahr. These lekhpals will collaborate with the revenue department to detect unauthorized constructions and will provide weekly reports to the authority. Their official appointments were confirmed via an order issued on July 4. The officers, Rajesh Kumar Sharma and Manoj Kumar Dubey, are responsible for monitoring 30 villages in Bulandshahr and 10 in Gautam Budh Nagar. Officials have stated that…

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Andhra CM Urges Amaravati Allottees to Finish Projects Promptly

AI-generated Representative Image AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu emphasized on Tuesday that all institutions assigned land in the greenfield capital city of Amaravati must adhere to the specified timelines for their construction projects, insisting that no extensions beyond the deadline will be tolerated. During a review of land allocations to various public and private entities within the Capital Region Development Authority limits, the chief minister made it clear that construction must commence without delay. “Those who have received land must initiate construction as promised. Projects should be completed within two-and-a-half to three years. There will be no…

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Chennai Civic Body Halts Iyra Properties Work Over Cracks

Representative image created by AI CHENNAI: Following significant cracks appearing in roads and buildings in Velachery, the Greater Chennai Corporation (GCC) issued a stop-work order to Iyra Properties for damages due to inadequate construction practices. According to a notice under the Town and Country Planning Act of 1971, GCC mandated the realtor to cease work on Seshadripuram First Main Road due to damage observed in roads, buildings, stormwater drains, and sewer systems. GCC indicated that the roadways and stormwater drainage system collapsed as a result of improper piling and shoring practices at the site. IIT Madras has been engaged to…

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Maharashtra Bill Aims to Let SRA Recover Transit Rent from Builders

File Photo MUMBAI: On Tuesday, the Maharashtra government introduced a bill in the state assembly aimed at amending the slum redevelopment law. This amendment will enable the Slum Rehabilitation Authority (SRA) to collect outstanding transit rent from builders and developers. The proposed changes to the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act of 1971 will classify unpaid rent to slum residents as arrears of land revenue. Consequently, this gives the SRA the authority to initiate recovery actions under the Maharashtra Land Revenue Code (MLRC). An official noted, “The SRA aims for these amendments to expedite its projects and ensure…

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Sobha Reports ₹2,078 Crore in Q1 FY26 Pre-Sales

NEW DELHI: Sobha has reported its highest quarterly real estate sales in the first quarter of FY26, achieving pre-sales of ₹2,078 crore, with the company’s share amounting to ₹1,717 crore. The impressive quarterly performance was fueled by strong demand in key markets and the successful launch of Sobha Aurum in Greater Noida, marking the company’s debut project in the city. The total area sold during this quarter reached 1.44 million sq ft, with an average realization of ₹14,395 per sq ft. Regional Performance Bengaluru emerged as the leading market, contributing ₹602 crore in sales, followed by Gurugram with ₹352 crore.…

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Lodha Developers Secures ₹300 Crore Through NCDs

Representative Image NEW DELHI: Lodha Developers (previously known as Macrotech Developers) has successfully raised ₹300 crore through the issuance of 30,000 senior, secured, redeemable, listed non-convertible debentures (NCDs), as revealed in a regulatory filing on Tuesday. The NCDs were issued at a face value of ₹1 lakh each. These debentures offer an interest rate of 7.96% per annum, which will be paid quarterly starting September 30, 2025, with a maturity date set for July 7, 2028. This financial instrument is secured by a first-ranking charge on specified company assets, as detailed in the Key Information Document dated July 3, 2025.…