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

Bhasyam Developers Acquires Chennai Plot from Standard Chartered for ₹1,200 Crore

Representative AI image Realty developer Baashyaam Group has successfully purchased the renowned 5.5-acre Standard Chartered Bank property located in Nungambakkam, Chennai, for approximately Rs 1,200 crore. This marks it as the largest recorded land transaction in the city’s recent history, according to insiders involved in the deal. “The centrally positioned land is set to be redeveloped into a luxury residential and retail-focused project, driven by substantial demand, the strategic location, and the size of the property,” mentioned a source. This acquisition is expected to boost Chennai’s luxury housing market, which is facing significant supply constraints as prime land parcels in…

IndustryLatest Stories

Panel urges rapid courts for swift insolvency resolutions

The parliamentary standing committee on finance has urged the government to establish special fast-track courts temporarily while also increasing the capacity of the National Company Law Tribunal (NCLT) to address extensive case backlogs and facilitate the rescue of insolvent companies. Led by senior BJP leader Bhartruhari Mahtab, the panel has proposed an advance ruling mechanism akin to that used in the goods and services tax framework. This would provide greater certainty and help prevent disputes after litigation under the Insolvency and Bankruptcy Code (IBC). The committee presented a report titled “Review of Working of Insolvency and Bankruptcy Code and Emerging…

IndustryLatest Stories

Co-developers greenlit to revive stalled projects in Greater Noida

Representative AI image NOIDA: The Greater Noida Authority has facilitated the revival of two stalled group housing projects by approving co-developers in accordance with the Uttar Pradesh government’s rehabilitation policy. With these recent approvals, a total of nine stalled projects in Greater Noida can now bring on co-developers. During a recent board meeting, the Authority granted in-principle approval for Birla Estates to join as a co-developer for Nobal Buildtech’s stalled project in Sector 10. Additionally, Floral Homes was approved as a co-developer for the housing project in Sector 1 under Gayatri Hospitality & Realcon. The SWAMIH Investment Fund has pledged…

IndustryLatest Stories

Apartment Owners Urge Update to Karnataka Law

BENGALURU: The Bangalore Apartments Federation (BAF), representing over 1,400 Resident Welfare Associations (RWAs), has issued a firm ultimatum to the State Government, demanding the introduction and enactment of the Karnataka Apartment Ownership and Management Act (KAOMA) during the upcoming Belagavi Assembly Session on December 2. BAF advocates for the rights of more than 350,000 households and around 1.5 million residents, stressing the urgent need to update the outdated Karnataka Apartment Ownership Act of 1972. They argue that this update is crucial to mitigate the administrative disarray and legal disputes stemming from unclear ownership and management rights. At a press conference…

IndustryLatest Stories

Reforms Boost DDA’s ₹1,500 Crore Plot E-Auction: Delhi Raj Niwas

NEW DELHI: The reforms implemented by Lt Governor V.K. Saxena have significantly increased the revenue of the Delhi Development Authority (DDA). The recent e-auction of plots has yielded bids that exceed the reserve price by more than double, according to a statement from Raj Niwas on Tuesday. The DDA received a total of ₹1,494.67 crore in bids against a reserve price of ₹629.19 crore for 81 plots encompassing residential, commercial, industrial, institutional, and group housing categories, auctioned from November 21 to 27. The industrial sector played a pivotal role, with 41 plots attracting the highest bids of ₹272.39 crore, which…

IndustryLatest Stories

Omaxe repays ₹80 crore loan to SWAMIH fund

Representative AI Image NEW DELHI: Realty firm Omaxe Group has repaid ₹80 crore in loans, including interest, to the government-backed stress fund, SWAMIH. Omaxe announced on Tuesday that it had fully repaid the loans secured from the SWAMIH fund for projects in New Chandigarh and Prayagraj. The SWAMIH (Special Window for Affordable and Mid-Income Housing) fund had approved ₹168.80 crore for ‘The Lake’ project in New Chandigarh and ₹60.40 crore for the ‘Omaxe Shiva’ series in Prayagraj. Omaxe stated that against the total sanctioned amount, it only drew ₹70 crore but repaid approximately ₹80 crore, including interest. In New Chandigarh,…

IndustryLatest Stories

HDFC Capital Invests ₹20 Crore in Earth Fund by Brigade & Gruhas

NEW DELHI: HDFC Capital has formed a partnership with Brigade Enterprises and Gruhas PropTech LLP. This collaboration sees the company acquiring a minority stake in Zoiros Projects and investing ₹20 crore into the Earth Fund. The Earth Fund is dedicated to supporting early-stage ventures that are transforming the built environment. Vipul Roongta, CEO of HDFC Capital, stated, “Launched in 2019, HDFC Capital’s H@ART platform aims to invest in, mentor, and collaborate with companies focused on enhancing efficiencies. Our alliance with Earth Fund is a natural progression of this purpose.” Published On Dec 2, 2025 at 09:07 AM IST Join 2M+…

IndustryLatest Stories

Japanese property firms expand aggressively into India’s market

Representative Image MUMBAI: Japanese real estate developers continue to explore the complex Indian market, with many expected to enter, lured by rising rental rates in a rapidly expanding economy and low construction costs. A prime example is Mitsui Fudosan, Japan’s largest property developer, which ventured into India in 2020 through a partnership with local developer RMZ Real Estate to construct an office complex in Bengaluru. According to two sources familiar with the matter, the company may invest an additional 30-35 billion yen (approximately $190-$225 million) in projects with RMZ or other local developers. Last month, Mitsui Fudosan’s management team visited…

IndustryLatest Stories

Chennai Builders Urge Govt to Halt Road Grid Plan Enforcement

CHENNAI: Realtors are urging the state government to intervene and halt the CMDA’s enforcement of its grid road plan, which they claim lacks a proper government order. In a letter addressed to Chief Secretary N. Muruganandam, the realtors pointed out that some CMDA officials have been applying the grid layout when processing planning and development applications. “We have brought this to the government’s attention, as the scheme is flawed. The grid proposal disrupts already approved buildings, necessitating a complete re-evaluation. CMDA has been implementing this without statutory approval, leading to numerous projects being on hold, which causes significant hardship for…

IndustryLatest Stories

Mumbai Housing Societies Toughen Stance on Builders in Redevelopment

MUMBAI: Traditionally, developers have wielded considerable influence in the real estate market. However, housing societies planning redevelopment are now shifting dynamics in their favor. With builders eager to secure redevelopment rights, these societies are negotiating aggressively, often making “unrealistic demands” for their properties. Market insiders report that housing societies are seeking additional space, hardship compensation, and relocation amounts that exceed prevailing market standards by as much as 15%–25%. Alongside standard area matching and displacement compensations, many are requesting excess amenities and significant hardship payments per member. Some expectations extend beyond what’s feasible, with societies demanding extensive additional area, substantial displacement…