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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Pune civic body mandates project names in Marathi for developers

Representative image created by AI PUNE: The Pune Municipal Corporation (PMC) has mandated that developers display the names of residential and commercial projects in Marathi. “The central government has granted Marathi the status of a classical language. It’s essential for all projects under PMC’s jurisdiction to prominently feature their names in Marathi,” stated PMC commissioner Naval Kishore Ram in a circular released on Friday. The Maharashtra Navnirman Sena (MNS) advocated for this rule. MNS member Prashant Kanojia remarked, “Many developers have neglected the requirement to display names in Marathi. This new directive from the civic administration will enforce compliance.” Kanojia…

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Bengaluru Civic Body Faces E-Khata Grievance Backlog

Representative image created by AI BENGALURU: The BBMP is facing a growing backlash over 31,000 e-khata show-cause notices for property tax on parking areas, resulting in a significant backlog of unresolved grievances and a high rate of reopened complaints. In four wards—Kengeri, Hoodi, Horamavu, and Begur—over one-third of cases related to BBMP’s e-khata notices remain unresolved. As of August 7, 32 new complaints were reported, with 70 cases resolved in the past day, leaving 124 complaints pending. Additionally, 46 complaints were reopened, indicating dissatisfaction with previous resolutions. The Mahadevapura zone has the most unresolved complaints, with Hoodi (12 pending) and…

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DLF to invest ₹23,500 crore in ongoing housing projects

NEW DELHI: DLF Ltd, India’s leading real estate firm, plans to invest ₹23,500 crore to finalize its ongoing residential projects in Delhi-NCR and Mumbai. As outlined in an investor presentation, the total estimated cost to complete these launched projects is ₹23,500 crore. To finance the pending construction, DLF has reported a cash reserve of ₹10,429 crore, with ₹7,782 crore held in an escrow account regulated by the Real Estate Regulatory Authority (RERA). Furthermore, the company holds receivables totaling ₹37,220 crore from customers for residential properties sold. DLF’s Chief Financial Officer (CFO) recently stated in a conference call that the company…

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Kolte-Patil Developers’ Subsidiaries Exit Four Entities

NEW DELHI: Kolte-Patil Developers has initiated multiple stake sales and exited from associate entities through its subsidiaries as part of a portfolio reorganization. In a stock exchange filing dated August 7, 2025, the Pune-based developer announced that Kolte-Patil Lifespaces, a wholly-owned subsidiary, has exited its partnership with Amco Landmarks Realty, where it held a 36% stake. This exit was formalized through a deed of retirement on the same day, completed for ₹4 crore. Amco reported other income of ₹56 lakh and a net worth of ₹2.07 crore in FY25. Moreover, on August 6, 2025, the parent company and its subsidiaries…

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Indian REITs Surpass ₹1 Lakh Crore Market Capitalization

NEW DELHI: As of July 30, 2025, the total market capitalization of all four publicly listed Real Estate Investment Trusts (REITs) in India has surpassed ₹1 lakh crore. The four REITs are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. Alok Aggarwal, MD & CEO of Brookfield India Real Estate Trust and chairman of the Indian REITs Association, stated, “This fiscal year has started strongly, fueled by robust leasing activity, high occupancy rates, and continued growth in sector distributions.” According to Q4 FY25 data, India’s REIT market oversees gross assets under…

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BNW Developments Aims for ₹20,000 Crore in Projects Next Year

UAE-based BNW Developments, co-founded by Ankur Aggarwal and Vivek Anand Oberoi, aims to launch projects valued at ₹20,000 crore next year. The firm has already initiated projects totaling ₹10,000 crore and manages a portfolio of 30 projects. It seeks to introduce 10 to 15 additional projects by the next year. “We are acquiring ready-to-move-in properties in Dubai and refurbishing them for resale. There is a noticeable demand-supply gap in the region, making these projects vital,” stated Ankur Aggarwal, Chairman and Founder of BNW Developments. Recently, the company partnered with FashionTV to develop a branded residential project on Al Marjan Island…

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IFC Invests $150M in HDFC Capital’s H-DREAM Fund

Representative image created by AI NEW DELHI: The International Finance Corporation (IFC) has pledged up to $150 million as a leading equity investor in the H-DREAM Fund, a private credit initiative worth $1 billion aimed at advancing the development of sustainable, affordable, and mid-income housing in urban India. The H-DREAM Fund is managed by HDFC Capital Advisors, the private equity division of HDFC Group and a subsidiary of HDFC Bank. With an initial capital of $500 million and an additional $500 million green shoe option, H-DREAM’s goal is to attract long-term investments from both global and domestic institutional investors. The…

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NBCC India’s Q1 FY26 Net Profit Climbs 25.97%

NEW DELHI: NBCC (India) reported a 25.97% increase in net consolidated profit for the quarter ending June 30, 2025, with a profit after tax of ₹135.03 crore in Q1 FY26, up from ₹107.19 crore during the same quarter last year, as per their BSE filing. The company’s net consolidated total income for Q1 FY26 reached ₹2,465.48 crore, marking a 12.26% rise from ₹2,196.20 crore in the equivalent quarter of the previous year. The board declared a first interim dividend of ₹0.21 per share (face value of ₹1) for the financial year 2025-26. Published on Aug 8, 2025, at 09:29 AM…

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Meghalaya Cabinet Endorses Reforms in Building By-Laws

SHILLONG: In a bid to enhance the ease of doing business, the Meghalaya Cabinet approved amendments to the building bylaws 2025 on Thursday. This will initiate a streamlined online building permission system effective from August 11. The Cabinet also endorsed significant reforms to the Meghalaya Civil Services (MCS) examination format and delegated new financial powers to the District Council Affairs (DCA) department. “Under the updated bylaws, all building permit applications must be submitted online,” announced Chief Minister Conrad K. Sangma, who led the meeting. He added, “For low-risk buildings—both residential and commercial—with a built-up area ranging from 2,500 to 3,000…

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Signature Global India Q1 FY26 Net Profit at ₹34.43 Crore

NEW DELHI: Signatureglobal (India) has reported a consolidated net profit after tax of ₹34.43 crore for the quarter ending June 30, 2025, a significant increase from ₹6.79 crore in the same quarter last year, according to a BSE filing. The company’s total net consolidated income for Q1 FY26 reached ₹898.35 crore, marking a 109.90% growth from ₹427.98 crore recorded in the same period last year. Pradeep Kumar Aggarwal, chairman and whole-time director of the company, stated, “Capitalizing on the strong momentum from FY25, we achieved impressive performance in the first quarter of FY26, with our operational revenue doubling year-on-year.” The…