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

Valuers to Reassess Prices of Unsold Mohali Sites

Representative AI image MOHALI: The Greater Mohali Area Development Authority (Gmada) has begun reviewing the reserve prices of unsold residential, commercial, institutional, and industrial plots through independent valuers. Bids are invited from valuers associated with nationalized banks or the I-T department to conduct this valuation. According to officials, these valuations will pertain to sites that received no bids in two or more consecutive e-auctions, with an objective of establishing more realistic reserve prices aligned with current market conditions. Gmada will appoint three independent valuers per site to ensure a transparent and fair assessment. The selected valuers must not be blacklisted…

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Kolte-Patil Developers Reports ₹11 Crore Q2 FY26 Loss

NEW DELHI: Kolte-Patil Developers Ltd has reported a consolidated net loss of ₹11.14 crore for the September quarter, alongside the resignation of Group CEO Atul Bohra. In the same period last year, the company posted a net profit of ₹10.34 crore. Total income decreased by 50% to ₹161.75 crore in Q2 of this fiscal year, compared to ₹320.96 crore during the same quarter last year, as stated in a regulatory filing. The board has approved the appointment of Avani Vishal Davda as an additional director (Non-Executive and Independent), effective immediately, pending shareholder approval. The resignations of Sudha Pravin Navandar as…

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Sri Lotus Developers Q2 FY26 Profit Dips 8% to ₹46.36 Crore

NEW DELHI: Sri Lotus Developers and Realty Ltd has reported an 8% decrease in consolidated net profit to Rs 46.36 crore for the September quarter, down from Rs 50.47 crore during the same period last year. Conversely, total income surged to Rs 188.81 crore in the July-September timeframe, up from Rs 125.08 crore a year earlier, according to a regulatory filing. The Mumbai-based firm has finalized four projects totaling over 4.2 lakh sq ft of carpet area, with six projects currently in progress and 12 more planned, covering approximately 27.6 lakh sq ft of carpet area and about 20.5 lakh…

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Ludhiana Civic Body Set to Take Over GLADA Colonies and Sites

LUDHIANA: The Ludhiana municipal corporation (MC) is currently pursuing plans to take over colonies and sites from the Greater Ludhiana Area Development Authority (Glada), even as efforts to acquire areas from the Ludhiana Improvement Trust (LIT) continue. Glada has been attempting to complete the takeover for over ten years but has faced numerous challenges. MC officials have stated they are holding discussions and will soon make a decision at the house level. The Greater Ludhiana Area Development Authority has proposed to transfer several schemes and areas, including Sector 32A, Sanjay Gandhi Colony (25 acres), sectors 33 and 38, Chandigarh Road…

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Register Sale Deeds at Any Taluka Office Soon: Goa CM

PANAJI: Citizens will soon have the option to register their sale deeds at any of the 12 sub-registrar offices across the state. This move, as announced by Chief Minister Pramod Sawant, aims to eliminate the restriction of registering land only in the region where it is located. Sawant further stated that the processes for marriage and land registrations will be streamlined in the next 10 days based on directives given to officials. “Today, I convened a meeting with registrars, sub-registrars, and directors as law minister. We discussed various issues related to the National Informatics Centre (NIC) and the Info Tech…

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Saira Banu: Dispute settled, police close case on builder

MUMBAI: The Economic Offences Wing (EOW) of the police has closed a case of cheating and forgery filed by actress Saira Banu Khan against builder Sameer Bhojwani and others. The complainant indicated that the matter arose from a “misunderstanding” and has since been amicably resolved. The general cheating branch of the EOW submitted a C-summary closure report to a magistrate last week, which was accepted. A C-summary closure signifies that a criminal case was initiated due to a mistake of facts, or that the alleged offense is of a civil nature, rendering the police report neither entirely true nor false.…

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Saya Group Eliminates ₹1,500 Crore Debt

NEW DELHI: Saya Group has successfully eliminated around ₹1,500 crore in debt from various financial institutions and investors over the last five years. The debt reduction includes term loans, non-convertible debentures (NCDs), and guaranteed emergency credit line (GECL) facilities from prominent financial institutions such as IIFL Finance, Yes Bank, and 360 One. Vikas Bhasin, the company’s managing director, stated, “The reduction of ₹1,500 crore in debt over these years reflects our solid financial health, effective project management, and strong commitment to our stakeholders. With a healthy balance sheet and exciting new projects on the horizon, we are poised for our…

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Hubballi-Dharwad body safeguards non-NA site owners from harassment

HUBBALLI: The Hubballi-Dharwad Urban Development Authority (Huda) has launched a survey to identify non-NA (Akram-Sakram) properties that were developed without proper approval. This initiative is intended to protect the ownership rights of residents who have lived on such plots for 20 to 30 years. Huda officials have discovered that some heirs of original landowners are now demanding extra payments—ranging from Rs 50,000 to Rs 1 lakh or more—from residents who bought non-NA plots decades ago. Many residents acquired their properties through bond agreements rather than formal registration, putting them at risk of exploitation. Certain heirs are now claiming ownership of…

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Gera Developments to Invest ₹16,000 Crore in Child and Wellness Projects

NEW DELHI: Gera Developments, based in Pune, is gearing up for a significant expansion with managing director Rohit Gera announcing an investment of approximately ₹16,000 crore in forthcoming residential projects over the next few years. This substantial investment will be evenly distributed between the company’s child-centric and recently introduced wellness-centric segments. In an exclusive conversation with Ankit Sharma, Gera shared insights into the company’s outlook, investment plans, product innovations, and financial strategies. He elaborated on the rationale behind preferring outright land purchases over joint ventures, detailed the phased project pipeline, and discussed how the wellness-centric model will enhance the existing…

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South Goa Collector Enforces Tenant Verification Rules

Representative AI image MARGAO: The district magistrate of South Goa, Egna Cleetus, has issued an order mandating that all landlords, hotels, and accommodation providers verify the identities of their tenants and report these details to local police. This order, which takes effect on November 5, is in accordance with section 163 of the Bharatiya Nagarik Suraksha Sanhita, 2023. It requires verification via government-issued IDs such as Aadhaar cards, passports, and driving licenses, and applies to all types of accommodation including residential properties, hotels, guesthouses, beach shacks, and paying guest facilities throughout the South Goa district. In addition, nationalized banks are…