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.

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Odisha directs collectors to allocate sites for landless housing beneficiaries

Representative Image BHUBANESWAR: The Odisha government has instructed district collectors to allocate land sites to landless families beneficiary of various rural housing schemes. In a letter to the collectors, Girish S N, Secretary of the Panchayati Raj and Drinking Water Department, emphasized that eligible landless beneficiaries should be prioritized for housing site allocations. Additionally, the government has directed block development officers (BDOs) to meet with relevant tahsildars on the first Saturday of each month to address these concerns. Unfortunately, there are still 871 beneficiaries of the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) in 11 out of 30 districts awaiting land site…

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Andhra Pradesh Cabinet Approves 16,666 Acres for Amaravati

Observing the construction of the Amaravati Outer Ring Roads amidst a growing real estate landscape, representing progress. AMARAVATI: The Cabinet of Andhra Pradesh, led by Chief Minister N Chandrababu Naidu, has approved the second phase of the land pooling scheme for Amaravati, which involves pooling 16,666 acres. The land will be sourced from seven villages in the capital region: Vaikuntapuram, Pedda Madduru, Endrai, Karlapudi, Vaddamanu, Harishchandrapuram, and Peddaparimi. Information and Public Relations Minister K Parthasarathy announced that the Cabinet has authorized the Andhra Pradesh Capital Region Development Authority (APCRDA) Commissioner to proceed with the pooling of 16,666.57 acres from these…

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Kesar India Acquires 24,256 Sq M Land in Hingna for Township

Representative image NAGPUR: Kesar India Limited (KIL) has expanded its presence in Nagpur’s rapidly developing real estate sector by acquiring a 24,256 sqm (approximately six acres) land parcel in Hingna, where it plans to launch a high-rise residential and commercial project projected to generate around ₹900 crore in revenue. The company announced that the upcoming project will encompass more than 1.5 million square feet of space, integrating luxury residences with commercial facilities. Officials involved in the project emphasized that it aims to cater to the increasing demand in Nagpur, which is experiencing a surge in population, a lack of housing,…

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No Construction Without Plinth Marking in Bengaluru, Say Officials

BENGALURU: Aiming to address building plan violations and unauthorized constructions, the Bengaluru Central City Corporation has enacted a comprehensive order. This mandates plinth-line marking, plan verification, and time-constrained demolitions for all constructions within its jurisdiction. According to Commissioner Rajendra Cholan, “Under the new guidelines, construction work cannot commence without obtaining the approved ‘building plinth-line marking.’ Town-planning officials are required to mark foundation boundaries within 30 days of plan approval and issue a foundation certificate before any construction can proceed.” He further mentioned, “Senior planning officials have been tasked with ensuring compliance with this process. To enhance transparency, approved building plans…

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Ahmedabad Plans to Earn ₹473.7 Crore from Five Plots Auctioned

Representative Image AHMEDABAD: During an online auction held on Thursday and Friday, the Ahmedabad Municipal Corporation (AMC) successfully sold five plots in areas such as Shilaj, Chandkheda, Sola, and Vastral, which is projected to bring in ₹473.7 crore. Out of 13 plots listed for sale across different areas in the city, only five were sold. As per the AMC’s estate department, Final Plot No. 93 in Shilaj (TP Scheme No. 216), designated for residential use with an area of 9,765 sq m and a base price of ₹168.9 crore (₹1.7 lakh per sq m), was auctioned for ₹1.7 lakh per…

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Hyderabad: 4 Acres in Neopolis Sold for ₹609 Crore

HYDERABAD: Setting a new record beyond its previous high on Nov 24, the Neopolis auction saw a remarkable land sale on Friday. A 4.03-acre plot fetched an astounding Rs 151.25 crore per acre, contributing approximately Rs 609 crore to the state’s revenue. Additionally, another 5.03-acre parcel generated Rs 147.75 crore per acre for the Hyderabad Metropolitan Development Authority (HMDA), bringing the total to Rs 1,352 crore. During this week’s earlier Neopolis auction, the highest bid was Rs 137 crore. Plot no 15, measuring 4.03 acres, was secured by Lakshmi Narayana Gummadi, Karteesh Reddy Madgula, Sharat Ventrapragada, and Shyam Sunder Reddy…

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Sebi Reclassifies REITs as Equity to Enhance Market Participation

NEW DELHI: The market regulator, Sebi, announced on Friday that Real Estate Investment Trusts (REITs) will now be classified as equity-related instruments to encourage greater involvement from mutual funds and specialized investment funds (SIFs). Additionally, the classification of Infrastructure Investment Trusts (InvITs) will remain as hybrid instruments. Sebi stated in its circular, “Effective January 1, 2026, any investment by mutual funds and SIFs in REITs will be classified as an investment in equity-related instruments.” Investments in REITs from existing debt schemes and SIF strategies as of December 31, 2025, will be grandfathered. However, asset management companies (AMCs) are encouraged to…

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17 Tall Buildings Approved in Ahmedabad Over Last 2 Years

Here’s a rewritten version of the content: Representative AI image AHMEDABAD: The Standing Committee of the Ahmedabad Municipal Corporation (AMC) convened on Thursday to evaluate the construction proposals for towers exceeding 70 meters in height within the city. Over the past two years, the AMC has approved development permits for 17 tall buildings, generating an income of ₹250 crore. All 17 structures are located exclusively in the western part of the city and will comprise a total of 2,000 residential and 2,300 commercial units. The AMC’s town development department has already issued the Building Use (BU) certificate for one tower,…

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Umiya Buildcon Buys 20,000 Sq Ft in Bengaluru CBD

Representative AI image NEW DELHI: Umiya Buildcon has acquired a 20,000 sq ft plot in Bengaluru’s central business district (CBD), located off Cunningham Cross Road, for a residential development. The site offers a built-up potential of approximately 55,600 sq ft, and, upon completion, the project is anticipated to contribute nearly ₹200 crore to Umiya’s financial standing. The acquisition coincides with a period of projected steady growth in Bengaluru’s residential market. A recent analysis by ICRA indicates that the city’s housing market is set to see a 3–5% increase in area sold in FY2026, primarily driven by sustained demand in mid-income…

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RIICO Invites Applications for Industrial Land Use Changes in Rajasthan

JAIPUR: Following its board’s announcement in October regarding the change of land use in industrial areas, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has invited applications from industrial plot allottees seeking approval for alterations in the permitted activities on their plots. This initiative aims to make land use in industrial zones more practical, transparent, and in tune with contemporary industrial demands. Applicants will need to pay additional fees for the approval. Recently, RIICO launched an online portal allowing industrial plot holders interested in changing their activity to submit applications along with necessary documentation and a non-refundable fee of…