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

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,…

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Karnataka Plans One-Time Settlement for B-Khata Upgrade

BENGALURU: Following the conferral of B-khata status to properties in unauthorized layouts across various urban local bodies, the government is now contemplating a one-time settlement (OTS) scheme aimed at upgrading these properties to A-khata status. Urban Development Minister BS Suresha announced this in the legislative council on Tuesday, amidst opposition criticisms related to the ongoing E-khata issue. Addressing the call for a review from the opposition, Suresha remarked, “B-khata grants owners legal documentation for their properties. We are now considering transitioning these properties to A-khata with the introduction of a one-time settlement (OTS).” This announcement follows criticisms from BJP and…

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Shriram Properties Q1 FY26 Net Profit Jumps 17.93%

NEW DELHI: Shriram Properties has announced a net consolidated profit increase of 17.93% for the quarter ending June 30, 2025. The profit after tax reached ₹20.59 crore in Q1 FY26, compared to ₹17.46 crore in the same quarter last year, according to a filing with the BSE. The company’s net consolidated total income rose to ₹261.54 crore in Q1 FY26, marking a growth of 24.01% from ₹210.90 crore recorded during the equivalent quarter last year. Murali M, chairman and managing director, stated, “Our entry into Pune has been successful, and we are dedicated to further expanding our presence. We are…

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Grovy India reports ₹1.1 crore profit in Q1 FY26

NEW DELHI: Realty firm Grovy India Ltd reported a net profit of ₹1.1 crore in the first quarter of the current fiscal year. In the same period last year, the Delhi-based company faced a net loss of ₹25 lakh. According to Grovy’s statement, total revenue surged to ₹8.3 crore for the April-June quarter, up from ₹1.3 crore during the same timeframe last year. Founded in 1985, Grovy India specializes in real estate development and consultancy, having completed over 100 independent floor projects mainly in South Delhi. The company is currently developing more than 1 lakh square feet of luxury apartments…

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Andaman to Soon Enforce Apartment Ownership Regulations: Official

Sure! Here’s a revised version of the content: PORT BLAIR: Residents of the Andaman and Nicobar Islands now have the opportunity to register their apartments, as the administration prepares to finalize the apartment ownership regulation, an official reported on Monday. A senior official stated to PTI, “The Andaman and Nicobar Island Apartment Ownership Regulation, 2025, is designed to enable individual registration of flats and apartments for the benefit of local residents.” The administration has developed the draft regulation in collaboration with the relevant departments. “This initiative aims to standardize and simplify the apartment ownership and registration processes in the Union…

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RIICO Offers Affordable Undeveloped Land to Attract Investors in Rajasthan

Representative image JAIPUR: Investors can now acquire undeveloped and semi-developed industrial land at reduced costs. In a recent directive, RIICO announced that the pricing will be based on the basic land cost (DLC), along with development and administrative fees. This shift away from transparent auctions aims to draw investors to remote industrial regions where demand is low and land remains unused. However, the directive applies universally to all industrial zones, including urban locations. According to RIICO’s July 15 order, the government intends to offer more affordable land to industries, with undeveloped and semi-developed land serving this purpose. Industries Minister Rajyavardhan…

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CM: Split Dharavi Land for Rehab Units and For-Sale Homes

Certainly! Here’s a rewritten version of your content: Representative image created by AI MUMBAI: Chief Minister Devendra Fadnavis has instructed the Dharavi Redevelopment Project (DRP) to enhance the size of rental tenements to 350 sq ft for residents not eligible for free housing and rehabilitation within the Dharavi notified area. For residents of planned buildings, the size will increase from 405 sq ft to 500 sq ft, as revealed by an RTI application regarding a meeting held on May 28. He also instructed the DRP to ensure that land in Dharavi be evenly split between the rehabilitation section and the…

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Central Park Engages Advisors for 2027 Real Estate IPO

Property developer Central Park is in the process of engaging a professional services firm and a merchant banker as part of its strategy to list its real estate business by early 2027, according to Amarjit Bakshi, the chairman and managing director. “We are pursuing the IPO route not for fundraising but to facilitate a transition to the next generation,” Bakshi stated. “We aim to establish partnerships, emphasizing the importance of compliance. Every shareholder must be regarded as a partner, and a listed company must fulfill its commitments and meet customer expectations.” Bakshi also mentioned that Central Park is planning a…

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Puravankara reports ₹68.55 crore net loss in Q1 FY26

NEW DELHI: Puravankara reported a net consolidated loss after tax of ₹68.55 crore for the quarter ending June 30, 2025, compared to a profit after tax of ₹14.78 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income for Q1 FY26 was ₹538.64 crore, reflecting a decline of 20.27% from ₹675.55 crore in the same quarter the previous year. Ashish Puravankara, the company’s managing director, commented, “Our handovers and sales did not meet expectations due to regulatory changes, including e-Khata and modifications in byelaws. Despite this, our team is optimistic about…

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Signature Global Targets 92% Growth by FY26

NEW DELHI: Realty firm Signature Global Ltd aims to boost its operational revenue by 92% this fiscal year, fueled by strong sales in its residential projects across Gurugram. According to its latest investor presentation, the company is targeting revenue of ₹4,800 crore for this financial year. Signature Global’s operational income reached ₹2,498.02 crore during the 2024-25 fiscal year. The company mentioned that it has “achieved around 19% of guidance.” It anticipates increased momentum in the upcoming quarters, driven by timely construction completions. In the real estate segment, revenue recognition can occur either upon project completion or via the percentage-of-completion method.…