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

Runwal Enterprises Secures Sebi Approval for ₹1,000 Crore IPO

Runwal Enterprises, a real estate developer based in Mumbai and promoted by Subodh Runwal, has received approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) valued at ₹1,000 crore. The proposed IPO will consist of a fresh issue of equity shares with a face value of ₹2 each, with no offer-for-sale component included. The company stated that the proceeds from the IPO will be allocated to support its expansion plans and enhance its balance sheet. Furthermore, there will be a reservation of shares for eligible employees, allowing them to subscribe at a…

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Godrej Properties Buys 7.8 Acres in Hyderabad for ₹547.75 Cr

Representative image created by AI NEW DELHI: Godrej Properties (GPL) has secured the highest bid for a 7.825-acre land parcel in Kukatpally Housing Board (KPHB), Hyderabad. The e-auction was conducted by the Telangana Housing Board (TGHB) specifically for residential group housing. GPL acquired the land for ₹547.75 crore, as confirmed by the bid status notification from the e-auction facilitator MSTC. The acquired land is projected to generate an estimated revenue of ₹3,800 crore from premium residential apartments of various configurations. Published On Aug 21, 2025 at 09:23 AM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter…

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Mindspace REIT Secures ₹550 Crore from IFC

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has secured an additional ₹550 crore through sustainability-linked bonds (SLBs) from the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This recent issuance follows the initial ₹650 crore SLB issued in June 2024, bringing the total to ₹1,200 crore. Shardul Amarchand Mangaldas & Co acted as legal counsel for this transaction, while Bureau Veritas Industrial Services (India) provided the second-party opinion (SPO). The SLB is linked directly to measurable ESG performance targets, promoting accountability and impact. Published On Aug 20, 2025 at 05:30 PM IST Join a…

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Tax Settlement Scheme Deadline in Ludhiana Extended Again

Representative image created by AI LUDHIANA: The deadline for the one-time settlement scheme for property tax dues has been extended for the third time, allowing residents to settle outstanding dues without any interest or penalties until the end of August. The municipal corporation has so far collected ₹19 crore from this scheme. However, against an annual property tax target of ₹160 crore for this fiscal year, officials have collected ₹43 crore to date. They aim to enhance the collection efforts next month when individuals are expected to pay their taxes for the current fiscal year to benefit from a 10%…

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Property Tax Camp in Madurai on August 25-26

MADURAI: The Madurai corporation will host its monthly special camp addressing tax-related issues on August 25 and 26, from 10 AM to 2 PM at the Pillar Hall in Arignar Anna Maligai. This initiative is set to assist all 100 wards across five zones, providing various services such as property tax name changes, new property tax assessments, vacant house tax levies, new underground sewer connections, new drinking water connections, issuance of industrial licenses, billboard permissions, and applications for converting residential properties to commercial use. The Corporation encourages residents to take advantage of this special camp, promising that actions will be…

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Farmlands Fuel Illegal Real Estate Deals near Hyderabad

Representative image created by AI HYDERABAD: The increase in land prices around Hyderabad has led to a surge in the illegal sale of government-assigned lands, particularly in Rangareddy, Medchal, and Vikarabad districts. While these lands are designated for agricultural use and cannot be transferred legally, thousands of acres are being sold, with assignees reportedly selling to real estate developers for layouts, gated communities, villas, and apartment projects. This provides quick cash for assignees and cheaper land for developers compared to the market. Officials acknowledge it’s mutually beneficial. Flagrant Violations For instance, in Mankhal village, assignees entered into an illegal agreement…

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Hyderabad Auction Today: 7.5 Acres Expected to Fetch ₹500 Crore

Representative image created by AI HYDERABAD: The Telangana Housing Board is set to auction over 7.5 acres of prime land located in the Kukatpally Housing Board (KPHB) colony on Wednesday, anticipating nearly 500 crore in revenue from the sale. The starting price has been set at 40 crore per acre, with the e-auction scheduled to begin at 3 PM. Alongside this, 618 unfinished 3BHK flats in high-rises of nine and twelve stories at Pocharam and Gajularamaram will also be auctioned this Wednesday. The board’s confidence in achieving close to 500 crore stems from previous e-auctions, where a single quarter of…

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Delhi: MCD & NDMC Suggest Reforms for Easier Property Tax Assessment

NEW DELHI: In an effort to streamline property tax assessments and minimize citizen harassment, both the Municipal Corporation of Delhi (MCD) and the New Delhi Municipal Council (NDMC) have introduced a series of reforms under the Jan Vishwas (Amendment of Provisions) Bill, 2025. These proposals aim to replace imprisonment and fines with penalties for various infractions under the DMC and NDMC Acts. The bill suggests that the NDMC adopt the unit area method for property tax calculations, moving away from the rateable value approach for all properties in Lutyens’ Delhi. Officials explain that while this method has been in use…

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Karnataka Passes Bill to Regulate 15% Building Violations

BENGALURU: The Karnataka Assembly passed the Municipal Corporations (Amendment) Bill, 2025, on Tuesday, allowing municipal commissioners to regularise unauthorized buildings by imposing penalties. This has drawn parallels with the Akrama-Sakrama scheme, which is still awaiting a decision from the Supreme Court. Urban Development Minister BS Suresha (Byrathi), while presenting the bill, stated that the amendment will only apply to unlawful structures that can be legalised under existing regulations. “This will not apply to buildings that have been slated for demolition,” he stated. Under the new provisions, municipal commissioners are empowered to issue occupancy certificates (OCs) for buildings that lacked commencement…

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LML Realty to Invest ₹150 Crore in Haryana Industrial Park

Representative image created by AI NEW DELHI: LML Realty, the real estate division of the LML brand, is set to invest ₹150 crore to launch its inaugural industrial park project in Firozpur Jhirka, Haryana. The initiative has received approval under the state government’s Promoting Access and Development of MSME Advancement (PADMA) scheme. Covering 35 acres, the LML industrial park will feature ready-to-use plug-and-play units, an exhibition and display center, as well as on-site R&D and testing facilities. The PADMA Scheme provides a comprehensive package of incentives for MSMEs establishing operations in the park. This includes benefits of up to ₹2…