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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Centre Invites RWAs, Private Players for Urban Projects

NEW DELHI: Resident welfare associations (RWAs), real estate developers, and private entities are now empowered to initiate civic projects, such as water and sanitation, thanks to the newly launched Urban Challenge Fund by the Centre. Civic and urban development projects are no longer exclusively the responsibility of financially constrained municipalities. Multiple RWAs can collaborate to address civic issues by forming a group, devising a project proposal, and submitting it to local civic agencies. If a developer’s high-end apartment complex faces waterlogging on access roads, they can propose and execute a project outside the colony. This new strategy, facilitated by the…

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DDA Approves Land Use Change in NW Delhi Pooling Area

NEW DELHI: The Delhi Development Authority (DDA) has approved the land use change for a 40.2-hectare land pooling area in Sector-8B of Planning Zone P-II, marking the first sector eligible for development under Delhi’s Land Pooling Policy, enacted in 2018. Sector-8B encompasses land from the villages of Garhi Khusro, Mukhmelpur, and Ibrahimpur in north-west Delhi. The DDA initially approved the proposal on November 5, 2025, and subsequently issued a public notice for objections and suggestions. Following the completion of the statutory process, the proposal has been cleared and will now be sent to the Ministry of Housing and Urban Affairs…

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375 Hectares in Jhunsi & Hetapatti Designated for Housing

Representative AI image PRAYAGRAJ: The Prayagraj Development Authority (PDA) has designated around 375 hectares in the Jhunsi and Hetapatti areas for future residential and commercial development. Civic body officials reported that approximately 250 hectares in Jhunsi, encompassing the villages of Mukundpur, Chakia Hinauta, and Chak Hinauta, have been identified under the Chief Minister’s urban expansion initiative. Over 500 farmers will be impacted as land acquisition is planned. In Hetapatti, 125 hectares of land across Neemarmee Khurd, Narayanpur, and neighboring areas have also been earmarked for acquisition. Rishiraj, the vice-chairman of the civic body, conducted site inspections on Thursday and informed…

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Haryana Assembly Approves Housing Board Merger with HSVP

CHANDIGARH: The Housing Board Haryana, a government housing entity active for 55 years, was officially dissolved on Friday after the Haryana Assembly sanctioned its merger into the Haryana Shehri Vikas Pradhikaran (HSVP). This occurred amidst symbolic resistance from opposition Congress leaders. This decision was made during the assembly’s first Budget session, where Chief Minister Nayab Singh Saini, who was also the minister in charge, introduced the merger resolution. Saini explained that the roles of the Housing Board and HSVP were largely similar and assured that the interests of the Housing Board employees would be protected. The government has been working…

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Delhi circle rates to be updated for property market trends

NEW DELHI: The Rekha Gupta government is undertaking a thorough revision of circle rates across all property categories, ranging from A to H. This marks the first organized recalibration in years to align notified rates with current market trends. While premium colonies are set to experience a modest increase, there are steeper hikes proposed for mid- and lower-segment areas, where officials report that actual market transactions often exceed existing circle rates, based on an internal government report. Areas like Prithviraj Road, Jor Bagh, and Sundar Nagar are reportedly experiencing market values of at least Rs 18-22 lakh per square metre,…

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Uttar Pradesh to Use Vacant Society Spaces in Redevelopment Plan

LUCKNOW: Residents of Lucknow and other significant cities may join forces to redevelop existing housing societies. Following the example set by metro cities, a new redevelopment policy launched by the state government allows for the utilization of additional space in residential layouts to create larger units. If two-thirds or more apartment owners in a layout exceeding 1,500 sq mt (16,146 sq ft) consent, redevelopment efforts can commence to construct improved apartments. To support the project’s financial viability and attract private developers, various incentives will be available. The local housing development authority will provide a 50% rebate on development charges, an…

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Vadodara Civic Body Lacks Rental Records Before 1983

VADODARA: The Vadodara Municipal Corporation (VMC) is facing ongoing issues with the frequent disappearance of old documents related to the properties it has rented out across the city. The VMC is currently owed approximately Rs 12 crore from various rental agreements, including shops, cabins, handcarts, and temporary sheds. It keeps a register to track all properties that have been rented out. Unfortunately, it appears that many of the rent records maintained over the years are the only documentation available for numerous properties. In total, there are 2,737 such rental agreements on file. A VMC official noted that many of these…

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Commercial Plots for Project-Affected Farmers in New Nagpur

Representative AI image NAGPUR: Maharashtra’s Revenue Minister Chandrashekhar Bawankule introduced a “historic” package for the New Nagpur initiative on Friday. He stated that landowners affected by acquisitions would now receive commercial plots alongside monetary compensation, as the government began gathering eligibility lists for a potential farm loan waiver. During a media briefing in Nagpur, Bawankule highlighted that the updated package represents a significant shift from the previous policy, which only provided financial compensation. Under the new framework, farmers in commercial zones will also receive developed plots, reinforcing support for the project and expediting the city’s growth. Additionally, the state launched…

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Davanagere District Grants Land Titles to 12,000 Residents

DAVANAGERE: Deputy Commissioner GM Gangadharaswamy announced that 298 residential areas in Davanagere district have been designated as revenue villages, with title deeds distributed to 12,000 individuals at a ceremony in Haveri. In a Thursday press conference, he stated that Davanagere ranks second among districts in title deed issuance. He noted that some beneficiaries have not yet received their deeds, emphasizing the March 15 deadline. For those who haven’t subdivided their government-approved land, a non-disposal file process has begun. “We’ve disposed of files for 4,000 individuals and issued records, while 10,000 files remain pending; these individuals should contact the tahsildar’s office,”…

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Isprava Buys 2 Acres in South Goa for Luxury Homes

Representative image MUMBAI: Luxury second-home developer Isprava has acquired over 2 acres in Verna, South Goa, with plans to invest approximately ₹85 crore in an ultra-luxury residential project, responding to the growing demand for low-density holiday homes beyond North Goa. The Mumbai-based firm, backed by notable investors including Dabur’s Burman family, Nadir Godrej, and Anand Piramal’s family offices, aims to create a limited number of residences on the newly acquired land through its investment vehicles. The planned investment includes costs for both land acquisition and development. “The timing to enter South Goa is ideal. North Goa has matured significantly over…