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

RBI Holds Interest Rate Steady at 5.5%

MUMBAI: The Reserve Bank of India (RBI) has maintained the policy rate at 5.5% following three consecutive interest rate cuts, citing concerns over tariff fluctuations. In the announcement of the third bi-monthly monetary policy for the fiscal year, RBI Governor Sanjay Malhotra shared that the growth rate forecast for FY26 remains at 6.5%. The Monetary Policy Committee (MPC) unanimously opted to keep the short-term lending rate, or repo rate, steady at 5.5% with a neutral stance. Regarding inflation, the RBI Governor reduced the projection for the current financial year to 3.1%, down from the previous estimate of 3.7%. Since February…

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RBI Keeps FY26 Growth at 6.5%, Lowers Inflation to 3.1%

MUMBAI: The Reserve Bank of India announced on Wednesday that it is maintaining its GDP growth forecast for the current fiscal year at 6.5%, while reducing its inflation projection from 3.7% to 3.1%. During the release of the third bi-monthly monetary policy for 2025-26, RBI Governor Sanjay Malhotra noted that the favorable southwest monsoon, declining inflation, increasing capacity utilization, and supportive financial conditions are all contributing positively to domestic economic activity. The combination of strong monetary, regulatory, and fiscal policies, alongside significant government capital spending, is expected to drive demand. The services sector is predicted to maintain robust growth, particularly…

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SEIAA & SEAC Dissolution Delays Delhi Environmental Approvals

NEW DELHI: The dissolution of the State Level Environment Impact Assessment Authority (SEIAA) and the State Level Expert Appraisal Committee (SEAC) has resulted in delays in the issuance of environmental clearances, according to a builder’s statement to the National Green Tribunal (NGT) on July 31. In an affidavit to the NGT, the Delhi Pollution Control Committee (DPCC) noted that the state is unable to issue environmental clearances because both authorities are currently inactive. Consequently, the Union Ministry of Environment is now responsible for granting these clearances. The NGT is reviewing a plea from a builder who applied for environmental clearance…

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SEIAA & SEAC Dissolution Delays Delhi’s Environmental Approvals

NEW DELHI: A builder informed the National Green Tribunal (NGT) on July 31 that the dissolution of the State Level Environment Impact Assessment Authority (SEIAA) and the State Level Expert Appraisal Committee (SEAC) has resulted in delays in obtaining environmental clearances. In an affidavit to the NGT, the Delhi Pollution Control Committee (DPCC) mentioned that environmental clearances cannot be issued at this time due to the defunct status of these two authorities. Currently, these clearances are being issued by the Union environment ministry. The NGT is reviewing a plea from a builder who applied for environmental clearance (EC) in February…

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Lavasa’s Rebids Approved as Creditors Extend Timeline

Creditors of the financially troubled Lavasa Corporation have opted to prolong the resolution timeline, allowing bidders another opportunity to enhance their bids for the real estate project. This extension was prompted by Valor Estate, which submitted an improved proposal after the initial deadline, according to sources familiar with the situation. Lenders plan to reconvene on Friday to determine the new deadline for all bidders, likely extending it by two months from the original August 29 deadline, they indicated. “Following extensive discussions, the lenders have agreed that the Valor bid should be considered, necessitating another chance for other bidders to adjust…

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Sri Lotus Developers’ Stock Soars 31% on Debut

NEW DELHI: Shares of Sri Lotus Developers and Realty, supported by renowned investor Ashish Kacholia, ended their first trading day with a remarkable rise of over 31% compared to the issue price of Rs 150 on Wednesday. The stock debuted at Rs 179.10, reflecting a 19.4% increase from the issue price on the BSE. Throughout the day, shares soared by 31.3%, reaching a peak of Rs 197 each. Shares eventually settled at Rs 196.85, up 31.23%. On the NSE, the stock opened at Rs 178, marking an 18.67% rise. It eventually closed at Rs 195.80, a 30.53% increase, which is…

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Knowledge Realty Trust REIT IPO Soars 3.4x by Day 2

NEW DELHI: The initial public offering (IPO) of National Securities Depository Ltd (NSDL) achieved a subscription rate of 3.42 times on the second day of bidding, which occurred on Wednesday. The ₹4,800-crore REIT IPO received bids for 71,19,79,950 units against the 20,84,20,800 units available, reflecting a subscription rate of 3.42 times, based on data from the NSE. The segment allocated for other investor categories, including corporate and individual investors/NRI and HUF, was subscribed 5.88 times, while the institutional investors’ portion saw a subscription rate of 1.36 times. Knowledge Realty Trust announced on Monday that it has secured ₹1,620 crore from…

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Tax Scam Affects 1,000 Residents in Ahmedabad

AHMEDABAD: Picture waking up to a hefty property tax bill from the civic body, demanding payment for something you believed was settled long ago. This is the alarming reality for numerous residents in Ahmedabad, entangled in a “property tax scam.” This scam, affecting all city zones but particularly impacting the West Zone, has left over 1,000 property owners—who had settled their dues—receiving alarming bills from the Ahmedabad Municipal Corporation (AMC), some amounting to lakhs of rupees. This issue has been concealed for nearly five years. A senior AMC official suspects a group of touts or agents, who assisted citizens in…

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Karnataka Revises Setback Rules for Bengaluru Buildings

BENGALURU: In a significant development for future construction in the tech capital, the state government has amended the zonal regulations under the Revised Master Plan (RMP) 2015. Effective from August 1, this amendment introduces clear and updated setback norms for buildings, particularly those exceeding 12 meters in height. The term “setback” refers to the minimum open space required between a building and its property boundary. This has long been a contentious issue in urban planning within the city, where rapid vertical expansion has often outpaced regulatory guidelines. The new rules aim to clarify setback requirements based on building height and…

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Knowledge Realty Trust REIT IPO Fully Subscribed on Day 1

NEW DELHI: Knowledge Realty Trust’s initial share sale, sponsored by the Sattva Group and Blackstone, saw full subscription on its opening day, achieving a subscription level of 1.20 times. The ₹4,800-crore Real Estate Investment Trust (REIT) initial public offering (IPO) garnered bids for 25,049,130 units compared to the 20,842,080 units available, marking a subscription rate of 1.20 times, according to NSE data. Institutional investors accounted for 75% of the subscriptions, while the remaining categories, including corporate and individual investors (NRI and HUF), were subscribed to 1.75 times, as per NSE data. Knowledge Realty Trust announced on Monday that it had…