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

Shriram Properties to Co-Develop 9.1 Acres in Bengaluru

Representative AI image NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement (JDA) for a 9.1-acre land parcel in Doddagubbi, North-East Bengaluru. The site offers a development potential of about 6.7 lakh sq ft, with an estimated gross development value (GDV) exceeding ₹600 crore. The project is slated for launch within this financial year. Akshay Murali, Vice President – Business Development at the company, stated, “North-East Bengaluru is rapidly becoming one of the most promising residential growth areas in the city, bolstered by significant infrastructure enhancements, improved connectivity, and consistent end-user demand.” Published On Jun 15, 2026…

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Gujarat Leads SVAMITVA Drive, Issues Over Half of Property Cards

Representative AI image GANDHINAGAR: The Gujarat government announced on Sunday that the state has become a leader in implementing Phase II of the Pradhan Mantri-SVAMITVA scheme, having issued more than half of the total property cards created across India. The government stated that drone mapping has been successfully completed in over 11,500 villages. According to an official statement, during the second phase of the scheme, which commenced in 2021-22, a total of 32,35,260 property cards were prepared nationwide. Out of these, Gujarat issued 18,50,614 property cards, the highest among all states. The government noted that this scheme addresses a persistent…

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Embassy Group Slams REIT Petition; Bombay HC Gives Sebi 6 Weeks

MUMBAI: Embassy Group, a leading real estate company, has characterized a recent writ petition questioning the “fit and proper” status of certain entities and promoters linked to Embassy Office Parks REIT as a “recycled claim.” This allegation is reportedly part of a persistent campaign orchestrated by Sterling & Wilson. The Bombay High Court has allowed the Securities and Exchange Board of India (SEBI) six weeks to review the representations made by the petitioner. In a statement following the hearing, Embassy Group claimed the petition filed by Chayan Upadhyay is part of a “continuing, orchestrated campaign” targeting the group and its…

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Odisha to Introduce New Act for Urban Rental Housing Update

BHUBANESWAR: The state government is gearing up to introduce new legislation to regulate tenancy, including mandatory written agreements, security deposit caps, and the establishment of rent authorities and courts for expedited dispute resolution. The proposed Odisha Urban Area Rent Control Act, 2026, released by the housing and urban development department on Saturday, is set to replace the aging Orissa House Rent Control Act of 1967 and its amendments, marking a significant transformation in urban rental housing governance within the state. Notably, the draft does not stipulate how much rent landlords can charge; that is left to agreements between tenants and…

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Panchkula to Discuss Property Tax Waiver in General House Meeting

PANCHKULA: The Panchkula Municipal Corporation is set to conduct its first General House meeting on June 16 at the PWD Rest House. The agenda includes discussions on transforming Ward No. 4 into a model cleanliness ward and introducing a one-time interest waiver on outstanding property tax dues. Mayor Shyam Lal Bansal will chair the meeting, which will also include MP Varun Kumar, MLAs Chander Mohan and Shakti Rani Sharma, along with officials from various departments. Councillor Bharat Hiteshi submitted a proposal for a property tax amnesty that aims to eliminate around ₹20 crore in accrued interest from a total outstanding…

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UP Limits E-Registration to Select Categories After Deed Writer Strike

NOIDA: Following a recent strike by deed writers in Greater Noida who claimed that the state’s e-registration initiative threatened their jobs, the registration department has released an order clarifying that the online system will apply only to specific property transactions. On June 12, the state inspector general of registration clarified that e-registration was not introduced for all property documents, countering the widespread belief post the June 4 rollout announcement. The clarification arrives amidst protests from deed writers and document scribes, who fear that a fully digital registration process may render their services obsolete and result in job losses. Previously, the…

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NGO Urges Tamil Nadu CM to Halt Brigade Project in Perumbakkam

CHENNAI: Arappor Iyakkam, an NGO dedicated to combating corruption, has requested the state government to revoke the approvals granted to a property developer for a residential project in Perumbakkam. They allege that the site is located within the protected Pallikaranai marshland. The NGO submitted a complaint to Chief Minister C. Joseph Vijay, stating that the developer is “attempting to resume construction in violation of the Wetland Conservation Rules 2017, as well as a Supreme Court stay order preventing any construction within the designated wetland areas.” The project, located on land with survey numbers 453, 495/2C, 496, 497, and 498 in…

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Prayagraj: PDA Reviews 10-Year Property Notices for Regularization

Representative AI image PRAYAGRAJ: The Prayagraj Development Authority (PDA) has initiated a significant review of notices issued over the past decade regarding properties in violation of building bylaws, approved maps, land-use norms, and other development regulations. This exercise, directed by PDA Vice-Chairman Rishi Raj, involves a thorough examination of old records to identify buildings that may now qualify for regularization under the relaxed provisions of Master Plan-2031. As part of this process, the PDA is reassessing notices issued to over 30,000 property owners. Many of these properties were previously deemed in violation of construction regulations and could not be regularized…

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Karapur Villagers Set June 15 Deadline for Housing Project Halt

PANAJI: Residents of Karapur-Sarvan have been protesting The House of Abhinandan Lodha’s luxury housing project for 69 days. On Friday, they took their demonstration to the state capital, demanding a stop-work order from the government by Monday. Joined by St Andre MLA Viresh Borkar, the villagers marched to the environment department office, successfully bypassing heavy police security at the directorate of panchayats, and headed straight to the town and country planning (TCP) office. There, they met with environment director and Goa Coastal Zone Management Authority (GCZMA) member secretary Sachin Dessai. The delegation urged an immediate halt to construction, claiming the…

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Sebi Approves Casagrand Premier Builder’s ₹1,220-Crore IPO

NEW DELHI: Casagrand Premier Builder, a prominent real estate developer, has received clearance from Sebi to raise ₹1,220 crore through an initial public offering (IPO), according to an update from the market regulator on Friday. The company submitted its draft documents to Sebi in December 2025 and received the regulator’s feedback for the IPO on June 8, 2026. In Sebi’s terminology, obtaining feedback is equated with gaining approval to launch a public offering. This Chennai-based developer’s inaugural public offering consists of a fresh issue of equity shares valued at ₹1,200 crore, alongside an offer for sale of up to ₹20…