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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Puravankara to Redevelop Eight Mumbai Societies

Representative image created by AI NEW DELHI: Puravankara has been chosen as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai. This project will unlock a total development potential of over 1.2 million sq ft across approximately four acres, with an estimated gross development value (GDV) of ₹2,100 crore. Ashish Puravankara, Managing Director of the company, stated, “With 11 projects in Mumbai and Pune covering around 14 million sq ft—including 3.6 million sq ft in redevelopment—we are dedicated to expanding our presence in the western region. This area is projected to contribute a GDV of around…

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Indian Real Estate Attracts $1.80B in Institutional Investment Q2 2025

Representative image created by AI NEW DELHI: The Indian real estate sector secured institutional investments totaling $1.80 billion in Q2 2025, marking a 42% decrease year-over-year from the all-time high investments in any quarter. However, compared to the previous quarter, investments surged by 122%. While foreign investments remained prominent in Q2 2025, their share declined from 71% in Q2 2024 to 66%. In value terms, foreign investments fell by 46%, dropping to $1.19 billion from $2.21 billion. According to Shrinivas Rao, CEO of the firm, “This growth momentum is expected to persist, with several rating agencies forecasting economic growth exceeding…

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Mysuru Civic Body Launches Weekly e-Khata Drive Every Friday

MYSURU: The Mysuru City Corporation (MCC) has initiated an e-Khata campaign every Friday from 3 PM to 6 PM, aiming to make services more accessible to the public. This decision follows community frustration over delays in issuing e-Khatas, largely due to ongoing technical problems, particularly related to servers and logins, since early June. With about 1.7 lakh properties within MCC jurisdiction, only around 45,000 e-Khatas were issued by June 3. “Our goal is to issue at least 1 lakh e-Khatas by the end of this financial year,” stated Shaikh Tanveer Asif, MCC Commissioner. He assured that the city corporation is…

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NPCI Buys Prime BKC Land from MMRDA for ₹829 Crore HQ

Representative image created by AI The National Payments Corporation of India (NPCI) has acquired a prime land parcel in Mumbai’s Bandra-Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA) for ₹829.43 crore to establish its headquarters. Finalized on June 18, the transaction grants NPCI an 80-year lease on two amalgamated plots in G-Block, covering nearly 1.5 acres with a permissible built-up area of approximately 2.59 lakh sq ft. This deal is one of the significant land transactions in BKC and is expected to impact the area’s real estate landscape, notably regarding future pricing trends and development strategies. NPCI…

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Karnataka’s New Apartment Law Draft Almost Complete

BENGALURU: The Karnataka government has announced progress on the long-awaited draft of a new apartment act, aimed at resolving the legal ambiguity surrounding ownership, maintenance, and land rights for thousands of apartment residents. The urban development department stated that the draft—which has been developed in collaboration with apartment associations, legal experts, and stakeholders—will soon be forwarded to ministers for approval. Tushar Giri Nath, additional chief secretary of the department, remarked, “The draft is nearly complete. We’ve conducted meetings and gathered feedback from the law department and apartment owners. We’re now adding the final touches before presenting it to the ministers.…

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Safety Audits Required for 276 High-Rises in Lucknow

Representative image created by AI LUCKNOW: The Lucknow Development Authority has mandated a structural safety audit for 276 high-rise buildings in the city. This includes 58 LDA-owned buildings and 218 privately owned structures, all ranging in age from 5 to 40 years. This decision follows the collapse of Alaya Apartment in 2023 and a commercial building in Transport Nagar last year. In response, LDA officials prepared a proposal that received board approval in September of the previous year. As per the new regulation, all buildings exceeding 15 meters in height will undergo a structural audit every five years. Although the…

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Ghaziabad DM Orders Review of Circle Rates Amid Tax Dispute

AI-generated Representative Image GHAZIABAD: Property prices in Ghaziabad may be set for another rise, as the district administration has begun a review of circle rates, potentially leading to adjustments later this year. District Magistrate Deepak Meena has instructed the stamp and registration department to perform a detailed analysis of government-notified land values, which are used to determine stamp duty. The findings are expected to be submitted within 15 working days. During a review meeting on Friday, Meena emphasized, “The survey needs to thoroughly evaluate all key factors affecting prices in residential, commercial, and agricultural areas. Any revisions will be based…

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Lenders Deny Jaypee Infratech’s Bid to Acquire Bankrupt Firm

NEW DELHI: Creditors of Jaiprakash Associates Ltd (JAL) have declined Jaypee Infratech’s bid to accept its resolution plan for the acquisition of the financially troubled company. Five firms—Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power, and PNC Infratech—have put forth their plans for JAL’s acquisition. On June 25, JAL’s lenders rejected Jaypee Infratech’s resolution plan from Suraksha Group, citing its late submission and lack of earnest money. Sources indicate that Jaypee Infratech has requested the Committee of Creditors (CoC) of JAL to reconsider their decision and allow participation in the insolvency process. During a meeting on July 1, CoC…

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Gujarat’s 5 districts draw ₹5.03 lakh crore in real estate investments

AI-generated Representative Image AHMEDABAD: Since the Real Estate (Regulation and Development) Act (RERA) was implemented in 2017, Gujarat’s real estate sector has attracted investments totaling ₹5.03 lakh crore. Notably, 94% of this investment is concentrated in five key districts: Ahmedabad, Gandhinagar, Surat, Vadodara, and Rajkot. This concentration is largely attributed to rapid urbanization, improved infrastructure, and heightened demand for residential and commercial properties. In stark contrast, the remaining 28 districts—home to nearly two-thirds (64%) of Gujarat’s population—have garnered only 6% of the total investments. Experts express concerns about this uneven distribution of resources and emphasize the need for balanced infrastructure…

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Noida, Greater Noida & YEIDA: Uttar Pradesh’s Crown Jewels, Minister Says

AI-generated Representative Image NOIDA: During a recent visit, Industrial Development Minister Nand Gopal Gupta ‘Nandi’ referred to the Noida, Greater Noida, and Yamuna Authority (YEIDA) regions as “the crown jewels of Uttar Pradesh,” mirroring the status of Kashmir for India. He emphasized that enhancing industry and investment is “our government’s top priority.” With the establishment of new units, the minister believes employment opportunities will grow, aiding Uttar Pradesh in its quest to become a top-performing state. To ensure timely project completion, Nandi urged senior officials of the Noida Authority to work on expanding the land bank and improve collaboration with…