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

Construction Costs Up 40%, Affordable Housing Falls to 12% in 2025

NEW DELHI: The affordable housing sector in Indian real estate is facing mounting challenges due to rising construction costs, impacting supply and affordability, as per a recent report by Anarock Group. Data reveals that the average construction cost in major Indian cities has surged nearly 40% over the last five years, climbing from ₹2,200 per sq ft in 2021 to about ₹2,800 per sq ft by October 2024. Mumbai, Delhi NCR, and Bengaluru stand out as the priciest markets, with luxury housing construction costs now surpassing ₹5,000 per sq ft. “Construction expenses in metropolitan areas have skyrocketed due to inflation,…

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KVN Properties to Raise ₹1,000 Crore for Business Expansion

NEW DELHI: KVN Properties, a real estate firm, plans to raise ₹1,000 crore from Kotak Realty Fund to fuel its expansion, according to sources. Founded by Venkat K Narayana, former CEO of Prestige Estates Projects Ltd., KVN Properties is based in Bengaluru. Sources indicate that the firm is currently negotiating with Kotak Realty Fund for growth capital. The company plans to raise funds through the issuance of debentures. KVN Properties has not commented on this matter. This fundraising initiative will facilitate KVN Properties’ expansion into prime land parcels across India, expected to be developed through joint development agreements (JDA) or…

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Cameron McIntyre Named New CEO of REA Group

NEW DELHI: The REA Group’s Board has appointed Cameron McIntyre as the new chief executive officer (CEO), effective November 3, 2025. McIntyre will take over from Owen Wilson, who announced his retirement from full-time executive roles earlier this year in February. Before joining REA Group, McIntyre served as managing director and CEO at CAR Group for nine years. Wilson has been with REA for nearly 11 years, including over six as CEO. He will remain in his position until October 31, 2025, ensuring a seamless transition, after which he will become chair of REA India. Published On Aug 19, 2025…

IndustryLatest Stories

Uttar Pradesh Creates Panel to Resolve Land Issues for Industry

Representative image created by AI NOIDA: The Uttar Pradesh government has established a high-level committee to devise a strategy for the effective utilization of land designated for industrial and urban development under the jurisdictions of Noida, Greater Noida, and the Yamuna Expressway Authority. This decision comes after a presentation by the state’s industrial promotion agency, Invest UP, which highlighted significant discrepancies between land that has been notified, those included in master plans, and what has actually been acquired for development. According to the findings, over four lakh hectares have been earmarked for industrial and urban growth in the area. However,…

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Telangana Launches e-Aadhaar Property Registration Pilot

HYDERABAD: The Registration and Stamps Department is set to launch e-Aadhaar-based property registration, aimed at expediting services, announced Revenue Minister Ponguleti Srinivas Reddy on Monday. The pilot project will be implemented at the sub-registrar offices (SROs) in Armoor and Kusumanchi. The minister highlighted various ongoing reforms, including a slot booking system for registrations that has proven popular. “In just the last two to three months, over 300,000 slots have been reserved across sub-registrar offices throughout the state,” he noted. The government also plans to establish integrated sub-registrar offices across Telangana. A new complex will soon be constructed in Gachibowli, where…

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Credai Urges West Bengal Gov to Tackle Flat Cost Puzzle

KOLKATA: The largest association of developers in the state has contacted Chief Secretary Manoj Pant regarding a recent amendment to the query requisition form used for assessing stamp duty and registration fees by the Directorate of Registration and Stamp Revenue. The amendment now requires the inclusion of the super built-up area (SBUA) alongside the built-up area (BUA), carpet area, and the total number of floors in the form. Authorities are now insisting that SBUA information be included in both the agreement for sale (AFS) and the conveyance deed. According to Credai West Bengal, this change has complicated the registration of…

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Mohali Body Earns ₹961 Crore from Property E-Auction

MOHALI: The Greater Mohali Area Development Authority (GMADA) generated ₹961 crore from its recent e-auction of properties, which concluded on Monday. Notably, the prices of premium residential plots have shown slight softening compared to the auction held in June. A one kanal (500 square yard) residential plot in Sector 65 was sold for ₹6.74 crore against a reserve price of ₹6 crore, slightly lower than the ₹6.87 crore fetched in June for a similar plot with a base price of ₹6.35 crore. Other one-kanal plots in the latest auction were sold for prices ranging from ₹5.6 crore to ₹6.87 crore,…

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Omaxe Reports ₹186 Crore Net Loss in Q1 FY26

NEW DELHI: Omaxe Ltd reported a consolidated net loss of ₹185.77 crore for the first quarter of the current financial year, attributed to a decrease in income. In the same period last year, the company’s net loss was ₹146.98 crore. Total income decreased to ₹298.03 crore for the April-June 2025-26 quarter, down from ₹385.23 crore during the corresponding period in the previous year, as per a recent regulatory filing. Omaxe, a prominent real estate company in India, operates in 30 cities across eight North and Central Indian states, having delivered over 135 million sq ft of area since its establishment.…

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NBCC Projects Revenue to Hit ₹25,000 Crore by FY28

NEW DELHI: State-owned NBCC Ltd projects its revenue to reach approximately Rs 25,000 crore by 2027-28, which would be more than double its earnings from the previous financial year, bolstered by a substantial order book totaling Rs 1.2 lakh crore. The company, engaged in project management consultancy (PMC) and real estate, offered these insights during a recent conference call with analysts. They outlined revenue forecasts, stating, “This year, we expect Rs 14,000 crore to Rs 15,000 crore. Next year, it will likely be between Rs 18,000 crore and Rs 19,000 crore, and by 2027-28, around Rs 25,000 crore.” For the…

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Units of Knowledge Realty Trust Close with Over 6% Premium

NEW DELHI: Units of Knowledge Realty Trust, backed by Sattva Group and Blackstone, closed with a premium exceeding 6% on Monday from the issue price of ₹100 per unit. The unit debuted at ₹104, showing a 4% rise from the issue price on the BSE. Throughout the day, it peaked at ₹109.14, realizing a 9.14% increase. Ultimately, the unit finished at ₹106.15, a rise of 6.15%. On the NSE, the listing commenced at ₹103, reflecting a 3% premium. It eventually stabilized at ₹106.24 per unit, marking a 6.24% increase. The company’s total market valuation is approximately ₹47,071.15 crore. The ₹4,800-crore…