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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NBFCs urge RBI for reduced risk weight on property loans

MUMBAI: Non-bank lenders are urging the central bank to reconsider certain regulations, including risk weights for products like loans against property (LAP). They argue that the risk profiles of these assets do not warrant being categorized alongside unsecured loans or standard mortgages. According to one source familiar with the matter, “Losses on LAP are considerably lower than those on housing loans, primarily due to heightened transaction risks in housing finance.” They feel risk weights for LAPs should be reduced or, at the very least, aligned with those of housing loans. In discussions with the Reserve Bank of India (RBI), non-banking…

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Lucknow: LDA to Increase Development Fees Near Expressways

LUCKNOW: The Lucknow Development Authority (LDA) is set to propose an increase in development charges for properties situated near corridors and expressways. During an upcoming meeting on Tuesday, the board will discuss hiring an agency for the Jayaprakash Narayan International Convention Centre and budget allocations for various housing projects, including the Anantnagar Housing Scheme and IT City. The proposal to raise the special amenity fee for properties within 500 meters of Shaheed Path, Kisan Path, and the Green Corridor will also be reviewed. Funds generated from this fee will be allocated towards improving infrastructure and civic facilities in these regions.…

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Knowledge Realty Trust REIT secures ₹1,620 crore from anchors

NEW DELHI: Knowledge Realty Trust REIT has successfully raised ₹1,620 crore from anchor investors, along with an additional ₹1,200 crore through strategic allocations targeting institutional investors, as it gears up for its initial public offering (IPO) set to open on August 5, 2025. This follows a pre-IPO funding round that garnered ₹1,400 crore. The board of directors for Knowledge Realty Office Management Services, the entity managing the Knowledge Realty Trust, has finalized the allocation of 16,20,00,000 units to anchor investors at ₹100 per unit. With this allocation, 70% of the IPO (amounting to ₹4,220 crore) has already been secured. The…

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Mindspace REIT Q1 FY26 NOI Rises 24.2%

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) reported a year-on-year increase of 24.2% in net operating income (NOI) for Q1 FY26, amounting to ₹616 crore for the quarter ending June 30, 2025. The loan-to-value (LTV) ratio was about 25%. The company issued commercial papers worth ₹800 crore at an effective monthly rate of 6.46% and raised ₹600 crore through a five-year non-convertible debenture (NCD) at an effective monthly rate of 7.15%. Additionally, the cost of debt decreased by 29 basis points on a sequential basis, reaching 7.84% per annum. The board of K Raheja Corp Investment Managers, which manages…

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Karnataka Allottees Await Sale Deeds from Industrial Board

Representative image created by AI BENGALURU: Prolonged delays and disputes in the issuance of sale deeds by the Karnataka Industrial Areas Development Board (KIADB) are severely impacting entrepreneurs. Many have reported being stuck despite having fully paid for their plots years ago. According to interviews conducted by TOI, numerous allottees find their industrial aspirations hindered due to land embroiled in legal disputes or pending sale deeds caused by bureaucratic obstructions. A 72-year-old resident of Isro Layout, who applied for a plot in Harohalli III Phase in 2004, mentioned that he was only called for an interview in 2016. After investing…

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CSMC Expects Revenue Boost from Property Amnesty in Chhatrapati Sambhajinagar

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) anticipates a significant revenue increase this financial year due to the expansion of its property tax amnesty scheme. Initially limited to residential properties, the scheme has now been extended to include commercial and industrial properties as well. Under the updated scheme, named Freedom from Penalty, residential property owners can benefit from a 95% discount on late fees if they settle their dues in full by August 15. Those making payments between August 16 and September 15 will be eligible for a 75% discount. The Municipal Commissioner, G Shreekanth, implemented this scheme using…

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DLF’s Q1 FY26 Net Profit Jumps 18.3%

NEW DELHI: DLF has announced an 18.30% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹762.67 crore in Q1 FY26, compared to ₹644.67 crore during the same period last year, according to a filing with the BSE. The company recorded a net consolidated total income of ₹2,980.88 crore in Q1 FY26, marking a remarkable 72.32% rise from ₹1,729.82 crore in the previous year’s corresponding quarter. Sales bookings for the first quarter stood at ₹11,425 crore, showcasing a year-on-year growth of 78%. The net cash position improved to ₹7,980 crore by…

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Maharashtra: Experts Warn on Darekar Panel’s Self-Redevelopment Report

PUNE: Housing activists have voiced serious concerns regarding the recommendations from the Pravin Darekar committee on self-redevelopment, stating that the new proposals undermine key benefits established in the state government’s 2019 government resolution (GR) and create new challenges for middle-class homeowners. Housing expert Chandrashekhar Prabhu noted that the committee’s report could strip vital incentives for housing societies, complicating the process for residents. “The 2019 GR offered a 10% increase in FSI as a significant incentive, while the Darekar committee has only recommended a 10% increase in carpet area—offering no real advantage to housing societies,” he explained. According to activists, one…

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Godrej Properties to launch biggest bond issue yet: Sources

MUMBAI: Godrej Properties, the real estate arm of India’s Godrej Industries, plans to enter the corporate bond market later this month with its largest issuance to date, according to three sources familiar with the matter. The company is expected to raise approximately 20 billion rupees ($230 million) by selling short-duration bonds with a maturity between three to five years, the sources revealed last week. “The firm may seek to enter the market following the central bank’s monetary policy decision this week, anticipating further easing of yields,” one source mentioned. All sources spoke on the condition of anonymity due to the…

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Noida Builders Push for Rehab Policy Amid Sports City Stalemate

NOIDA: Developers are calling on the UP government to establish a rehabilitation policy akin to that of stalled group housing projects, in order to break the deadlock surrounding Sports City. This request is based on the recommendations from the Amitabh Kant committee. The builders propose to settle their recalculated dues by paying 25% within 60 days and the remainder over a three-year period. This appeal is particularly significant as over 8,000 residents currently occupy homes in Sports City across sectors 78, 79, and 150, with another 20,000 awaiting possession. Credai (Western UP), representing builders, emphasized that although Sports City developments…