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

Yogayatan Appeals to NCLT on Revised Lavasa Bid Approval

The Yogayatan Group, based in Mumbai, has lodged a petition with the National Company Law Tribunal (NCLT) opposing creditors’ decision to permit revised resolution plans for the financially troubled Lavasa Corp. According to **RealtyDailyNews** on August 1, Yogayatan emerged as the highest bidder with a bid of ₹795 crore based on net present value (NPV) after bidders were given a chance to enhance their offers following the initial round of bidding last month. However, after the bids were revealed, Valor Estates (formerly DB Realty), which did not submit a revised bid, indicated it wanted to raise its offer. This Mumbai-based…

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KIADB Faces Criticism for Diverting Hebbal Hub Land to Developer

BENGALURU: The Karnataka Industrial Area Development Board (KIADB) is facing significant criticism from civic groups, political figures, and residents due to its controversial decision to transfer 35 acres of prime land in Hebbal—previously designated for a multi-modal transit hub by the Bangalore Metro Rail Corporation Limited (BMRCL)—to a financially struggling private developer. The action reduces the land available for essential transport infrastructure, leading to accusations that both the ruling government and opposition BJP are prioritizing real estate interests over public welfare, and ignoring the concerns of the community. Public outcry Saikiran Rao tweeted: “Can we not challenge this theft legally?…

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Kalpataru Reports ₹49.42 Crore Net Loss in Q1 FY26

NEW DELHI: Realty company Kalpataru Ltd announced a consolidated net loss of Rs 49.42 crore for Q1 of the current fiscal year. In the same period last year, the net loss was Rs 0.69 crore. For the April-June quarter of 2025-26, total income decreased to Rs 456.78 crore from Rs 544.67 crore year-on-year, as per a regulatory filing. Kalpataru Ltd, which recently got listed on stock exchanges, is recognized as a prominent real estate developer in the nation. Published On Aug 14, 2025 at 08:43 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter…

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Ahmedabad to Auction Seven Plots Valued at ₹447 Crore

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) is set to auction seven prime plots located in Bodakdev, Ambli, Chandkheda, Gota, and Sola, with a cumulative base price of Rs 447 crore. This proposal will be presented to the AMC standing committee on Thursday for approval. Among these, three plots are designated for residential development, while four will be utilized for commercial purposes. The highlight is a residential plot in Bodakdev, categorised under TP 50 with a steep price of Rs 3.10 lakh per sq m— the highest of the lot. This particular plot measures 1,821 sq m after a recent survey,…

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Vadodara’s Indumati Palace to be Surrounded by Luxury Apartments

VADODARA: The historic Indumati Palace, which has stood for 145 years, is a key landmark in the city. Currently owned by royal descendant Pratapsinhrao Gaekwad, the palace is set to be enhanced with luxury apartments. The Gaekwads are planning to transform the area surrounding Indumati Palace, located across from the opulent Laxmi Vilas Palace, into a mixed-use residential and commercial complex. “This will be the first residential complex in the nation to feature a grand palace,” Pratapsinhrao shared with TOI over the phone from Mumbai. “We will construct six 12-story buildings—two to the left, two to the right, and two…

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Developers Urge Gujarat for Consistent Registration Fees

AHMEDABAD: Although the city is experiencing an uptick in redevelopment projects, developers are reporting that inconsistencies in the registration process are causing delays. The Urban Redevelopment Housing Society Welfare Association has reached out to the state government, highlighting that some sub-registrar offices impose a 1% registration fee based on jantri rates, while others charge a flat fee of Rs 100. The association is calling for a standardized registration process throughout the state. According to association president Jitendra Shah, “Ahmedabad holds significant potential for redevelopment. Currently, over 600 societies are negotiating with developers. More than 150 redevelopment projects have been completed,…

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Brigade Enterprises’ Q1 FY26 Profit Soars 79% to ₹150 Crore

NEW DELHI: Brigade Enterprises, a real estate firm, reported a 79% surge in its consolidated net profit, reaching ₹149.88 crore for the quarter ending June. This compares to a net profit of ₹83.72 crore during the same period last year. The company’s total income grew to ₹1,332.86 crore in the April-June quarter, up from ₹1,113.44 crore in the previous fiscal year, as indicated in a regulatory filing. Founded in 1986, Brigade Enterprises is among the top real estate developers in India, specializing in residential projects, office spaces, and shopping malls. The company is also involved in the hotel and education…

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Lucknow: LDA Takes Charge of South City, Ends Unitech Deal

LUCKNOW: The Lucknow Development Authority will take over the development of South City following the termination of its 37-year agreement with Unitech Builders. The authority plans to complete outstanding civic projects, including roads, drainage, parks, and other amenities, funded by selling properties still owned by the group. This decision, proposed during a board meeting on August 5, received approval from board members. Residents, some of whom invested in the township decades ago, can breathe easier as they have long awaited vital services. Work will commence after required administrative approvals and property evaluations are finalized. The original agreement, signed on July…

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GNIDA Issues Partial OCs for Builders Paying 25% Dues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has authorized partial occupancy certificates for various stalled housing projects under the UP government’s rehabilitation policy, following the Kant committee’s recommendations aimed at reviving stalled real estate developments. So far, developers of 37 out of 98 halted projects in Greater Noida have paid 25% of their total dues, the minimum requirement to qualify for policy benefits, which include debt rescheduling and a waiver for defaults during the Covid pandemic. Under this new policy, developers who have made partial payments will receive occupancy and completion certificates (OCs/CCs) proportional to their payments, enabling the…

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TARC Reports ₹54 Crore Profit in Q1 FY26

NEW DELHI: Realty company TARC Ltd has reported a consolidated net profit of ₹54.21 crore for the quarter ending June 30, 2025. In the corresponding quarter last year, the company had a net loss of ₹30.67 crore. Total income surged to ₹295.36 crore during the quarter, up from ₹9.62 crore a year earlier, according to a regulatory filing made on Tuesday. TARC Ltd is actively developing several real estate projects in the Delhi and Gurugram regions. During the fiscal year 2024-25, the company reported a net loss of ₹231.28 crore with total income of ₹38.88 crore. Published On Aug 13,…