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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West Bengal to Allocate 20 Acres in New Town for Development

AI-generated Representative Image KOLKATA: The Bengal government plans to release approximately 20 acres of land in New Town Action Areas II and III for various purposes including residential, commercial, and mixed-use developments. HIDCO will auction these parcels via e-auction next month. Two plots of 4.1 acres each in Action Area II and three additional plots measuring 7.3 acres, 3.2 acres, and 0.6 acres in Action Area III have been earmarked for this initiative. The starting bid for the 7.3-acre parcel is set at Rs 292.2 crore, while the smallest 0.6-acre plot starts at Rs 26 crore. Officials noted that New…

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Lucknow body to auction 300+ plots starting July 4

Sure! Here’s a rewritten version of the content: Representative Image LUCKNOW: The Lucknow Development Authority (LDA) is set to launch its e-auction portal on July 4, aiming to sell over 300 residential and commercial plots in prominent areas of the city. This initiative follows directives from LDA Vice Chairman Prathamesh Kumar. Potential buyers can register online until August 4, with the auction scheduled for August 8 through the online platform. Available plots include residential options of 60 square meters in the Basant Kunj scheme on Hardoi Road, starting at a reserve price of Rs 32,955 per square meter. The auction…

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12,000+ Construction Workers Registered in Kodagu: Labour Officer

AI-generated Representative Image MADIKERI: District labour officer T Kaveri reported that 12,629 workers are registered under the Building and Other Construction Workers Welfare Act in Kodagu district, with 9,971 males and 2,658 females. The registration breakdown by taluks includes 3,069 workers (2,424 males, 645 females) in Madikeri, 4,146 workers (3,759 males, 387 females) in Somwarpet, and 5,414 workers (3,788 males, 1,626 females) in Virajpet. Workers can register at the Karnataka Building and Other Construction Workers’ Welfare Board by calling the helpline at 155214. The board provides pension benefits for members aged 60 who have been part of the scheme for…

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Madhya Pradesh CM Calls for Action on Affordable Housing

File Photo BHOPAL: On Thursday, Madhya Pradesh Chief Minister Mohan Yadav convened a review meeting with officials from the Urban Development and Housing Department at Samatva Bhavan in Bhopal, where he issued several key directives. During the meeting, CM Yadav emphasized the need for an action plan focused on developing affordable and accessible housing in urban areas, considering the socio-economic conditions of residents, to mitigate urban slum expansion. He also highlighted the importance of enhancing the urban environment, urging the development of parks and promoting tree plantation initiatives across all housing projects, including those managed by development authorities and the…

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Arkade Developers buys Filmistan for ₹183 crore

Sure! Here’s a rewritten version of the content: AI-generated Representative Image NEW DELHI: Arkade Developers, based in Mumbai, has finalized a binding agreement to acquire a 100% stake in Filmistan for ₹182.95 crore. This acquisition will allow the company to develop a four-acre residential project on the site of Filmistan Studios in Goregaon West. Amit Jain, the company’s Chairman and Managing Director, stated, “We are focused on expanding our presence in the western suburbs, with several launches scheduled for early 2026.” The upcoming luxury project, set to launch in 2026, is projected to generate a gross development value (GDV) of…

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Lucknow body to keep property sector rates unchanged

LUCKNOW: The Lucknow Development Authority (LDA) has announced that it will not be raising the sector rates for its properties. This decision means that the anticipated increase in district magistrate circle rates will not impact the prices of LDA properties valued according to reserved sector rates. In addition, prices for apartments built under various LDA schemes will remain stable, as these rates were already frozen for one year following a resolution by the LDA Board. According to a proposal approved by the LDA Board, the price of flats sold under the ‘first come, first served’ scheme will remain unchanged for…

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Tamil Nadu launches ‘Deemed NOC’ for planning permits

CHENNAI: Beginning July 1, the state government implemented a time-limited ‘deemed NOC’ system to simplify the process of obtaining No Objection Certificates (NOCs) for planning permissions. This initiative aims to cut down bureaucratic hurdles, enhance transparency, and expedite project approvals, particularly in the housing and infrastructure sectors. “This is the first instance of a state introducing such a system. While the Government Order was issued on October 24, the specific regulations for deemed NOCs are now available. This is a positive development for the housing and related industries, potentially saving three to six months in the NOC acquisition process,” stated…

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Crisil: Residential Real Estate to Grow 10-12% Annually by FY27

NEW DELHI: The residential real estate market in India is projected to maintain steady growth over the next two fiscal years, with a sales value increase of 10-12% annually. This growth is attributed to the rising demand for premium and luxury homes, as noted in a recent report by Crisil Ratings. Sales volumes are estimated to rise by 5-7%, with average prices expected to appreciate moderately by 4-6%. This reflects sustained end-user demand, enhanced affordability due to lower interest rates, and a smoother rollout of projects in key urban regions. This follows a post-pandemic growth period where the sector achieved…

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Bengaluru Property Work Stalled by e-Khata Delays

BENGALURU: The implementation of e-Khata, a digital property document system designed for property sales, building approvals, and ownership regularization, is facing significant hurdles in Bengaluru. Launched citywide in 2024 and accessible via Bruhat Bengaluru Mahanagara Palike (BBMP) offices, Bengaluru One centres, and public drives, this system aimed to streamline property documentation and safeguard against fraud. However, residents are experiencing severe delays attributed to server outages, document mismatches, and insufficient options for correcting errors in draft e-Khatas. While approximately 25 lakh properties are listed with draft e-Khatas online, only 5.34 lakh have received official approval to date. Without a reliable process…

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UP Cabinet to Announce Revised Bylaws for Vertical Development

LUCKNOW: The state government is set to announce revised building bylaws designed to facilitate swift urbanization and bolster economic activities, promoting vertical development. Sources indicate that the housing department has submitted its final proposal to the government, which is anticipated to be discussed in the upcoming cabinet meeting. The updated rules will enable property owners to optimize use of available land space. Officials report that over 1,000 objections and suggestions were reviewed, with some affecting the final draft. The state has amended the building construction and development bylaws since their establishment in 2008, aiming to align with stakeholder expectations. As…