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.
Mumbai Housing Societies on Govt. Land Choose Self-Redevelopment
MUMBAI: An RTI inquiry has revealed that not a single housing society located on government land in Mumbai has chosen the path of self-redevelopment. There are approximately 3,000 cooperative housing societies in Mumbai and its suburbs situated on land leased by the government or collector’s land, categorized as occupancy class II. Salil Rameshchandra, president of the Federation of Grantees of Government Land (FGGL), who requested details about land conversion under the RTI Act, noted that the government introduced a concessional scheme last year that reduces the premium for freehold conversion. Under this 5% concessional scheme, housing societies can convert to…
Andhra Pradesh Real Estate Sector Shows Recovery Signs
VIJAYAWADA: After a five-year stagnation, the real estate sector in Andhra Pradesh appears to be experiencing new growth. There has been an uptick in land transactions throughout the state, reflecting a renewed interest from buyers in real estate investments. The increase in revenue from stamp duties and registrations further indicates a recovery in the market. The stamps and registrations department reported a 46% revenue growth in the first quarter of the current financial year compared to the same period in 2024. The year-to-date growth stands at 39%, signaling a positive shift for the sector. Following the launch of projects worth…
Maharashtra CM Questions Rising Mumbai Housing Prices Despite Concessions
Devendra Fadnavis MUMBAI: Chief Minister Devendra Fadnavis expressed his concerns on Thursday regarding the rising prices of flats in Mumbai, despite various concessions offered to the real estate sector, including reduced premiums. At a meeting with CREDAI-MCHI, Fadnavis stated, “Over the past decade, we have made every effort to make housing more affordable based on your requests. However, despite these measures, housing prices have continued to climb. We believed that projects like the coastal road and Atal Setu would lead to lower prices, but instead, prices have soared.” While acknowledging that increasing housing prices can positively impact the economy, Fadnavis…
Telangana to Raise Property Registration Values After Deadlock
HYDERABAD: After a year of indecision and industry resistance, the state government has opted to revise market values—the official ‘government value’ for property registration—within the core urban area (CUR). This highly sought-after zone, which encompasses approximately 27 local bodies within the Outer Ring Road, is responsible for nearly 60% to 70% of the annual revenue from the registration and stamps department. The proposed increase is significant, ranging from 30% to 50% above current rates, with the intention of bridging the gap between official registration values and existing market prices. Once enacted, this initiative is projected to generate an additional ₹2,000…
Mahindra Seeks 350-Acre Land in Igatpuri
Representative image created by AI MUMBAI: Mahindra & Mahindra has expressed interest in acquiring 350 acres of land in Igatpuri, Maharashtra, as disclosed by a senior company official. The Mumbai-based automaker currently operates manufacturing facilities in Nashik and Igatpuri. “We have submitted our interest for 350 acres in Igatpuri, which is a crucial part of our ecosystem,” stated Rajesh Jejurikar, Executive Director and CEO of Mahindra & Mahindra (M&M) for the auto and farm sectors. He mentioned that the Nashik and Igatpuri plants would benefit from a supporting facility nearby. “This land can be utilized for various purposes, such as…
Noida’s Metro Council Transformation Requires Legal Changes
NOIDA: If the UP government considers restructuring Noida Authority into a metropolitan council, as directed by the Supreme Court, it must amend the UP Industrial Area Development Act of 1976, which established the New Okhla Industrial Development Authority (Noida). Such an amendment would be intricate and time-consuming, necessitating extensive consultations and relying heavily on the political commitment of the state, according to former officials. The Supreme Court instructed the UP government on Wednesday to evaluate the transition from the industrial development authority to a metropolitan council aimed at promoting people-centric governance. This recommendation stemmed from a report by a Special…
Elan Group Secures ₹140 Crore in Debt Financing
NEW DELHI: The Gurugram-based Elan Group has secured ₹140 crore in debt from a real estate credit platform run by BGO and Aditya Birla Sun Life AMC, according to sources familiar with the matter. The company had earlier raised ₹250 crore from Piramal Finance to fund a different commercial project in the city. Additionally, Elan Group has successfully repaid a ₹875 crore debt from Asia Pragati Strategic Investment Fund, which is part of PAG, one of Asia’s largest private investment firms. Asia Pragati provided ₹875 crore to the Elan Group in 2022, aimed at fostering their growth capital. Published On…
Brigade Enterprises Q1 FY26 Sales Bookings Rise 3% to ₹1,118 Cr
NEW DELHI: Brigade Enterprises Ltd experienced a 3% growth in sales bookings, reaching Rs 1,118 crore in the first quarter of the fiscal year, attributed to improved per square foot realizations from residential properties. In comparison, sales bookings in the same period last year amounted to Rs 1,086 crore. As per the company’s latest investor presentation, sales bookings by volume decreased by 17% to 9.49 lakh sq ft from 11.45 lakh sq ft. However, the realization per square foot surged by 24% to Rs 11,782 per sq ft from Rs 9,483 per sq ft. On Wednesday, Brigade Enterprises Ltd reported…
Kalpataru’s Q1 FY26 Sales Bookings Jump 83% to ₹1,249 Crore
NEW DELHI: Realty company Kalpataru Ltd reported an impressive 83% increase in sales bookings, reaching Rs 1,249 crore in the first quarter of this fiscal year, driven by higher realizations. In the same period last year, the sales bookings were Rs 682 crore. As per their latest investor presentation, while the sales volume decreased from 0.61 million sq ft to 0.56 million sq ft, the average sales realization saw a significant rise, doubling from Rs 11,199 per sq ft to Rs 22,476 per sq ft. On Wednesday, the company also announced a consolidated net loss of Rs 49.42 crore for…