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

Adani to Redevelop 142 Acres in Mumbai’s Motilal Nagar

Sure! Here’s a rewritten version of the content: — The Maharashtra Housing and Area Development Authority (MHADA) has partnered with Adani Properties to undertake a major redevelopment initiative in Motilal Nagar, a 142-acre area in Goregaon (West), Mumbai. This venture represents MHADA’s largest single redevelopment project to date. RealtyDailyNews initially reported on March 11 that Adani Properties secured the project by promising to provide 3.97 lakh square meters of housing, representing the highest share of Floor Space Index (FSI) allocated to MHADA. As part of the initiative, qualifying MHADA residents will be allotted new homes with a built-up area of…

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Adani Group Makes Unconditional Bid for Jaiprakash Associates

MUMBAI: The Adani Group has emerged as the sole bidder without conditions in the acquisition race for Jaiprakash Associates, submitting an offer of ₹12,600 crore during the ongoing insolvency proceedings. Competing bidders such as Dalmia Bharat, Vedanta, Jindal Power, and PNC Infratech have linked their proposals to resolving a significant land dispute related to the Gautam Buddh Nagar Sports City project, which is currently before the Supreme Court. Jaiprakash Associates has garnered five bids, with Dalmia Bharat leading the pack with an offer of ₹14,600 crore, inclusive of the disputed land parcel. However, should the land conflict remain unresolved, Dalmia’s…

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No more approvals for small plot building plans in Prayagraj

PRAYAGRAJ: For those looking to build homes in Prayagraj, there’s good news. The Uttar Pradesh Cabinet has approved the new Building Construction and Development Byelaws 2025. This means that individuals constructing homes on plots of up to 100 sqm will no longer need to seek approval for building plans. This initiative aims to make the construction process easier and will be implemented across various development authorities, including the Prayagraj Development Authority (PDA). The new bylaws represent a significant relief for middle-class families in Prayagraj. They will no longer face a burden of approximately Rs 1.25 lakh for map approval fees,…

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Lodha Developers reports ₹44.5 billion in Q1 FY26 pre-sales

NEW DELHI: Lodha Developers kicked off FY26 on a positive note, reporting pre-sales of ₹44.5 billion in Q1 FY26, marking a 10% increase year-on-year, despite temporary setbacks from geopolitical tensions early in the quarter. The company is optimistic about meeting its annual pre-sales target of ₹210 billion. During the quarter, collections reached ₹28.8 billion, a 7% growth compared to Q1 FY25. The company anticipates stronger inflows in the latter half of the financial year due to project completions and new launches. Lodha Developers introduced five new projects in Q1 FY26 across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, boasting…

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Puravankara to Redevelop Eight Mumbai Societies

Representative image created by AI NEW DELHI: Puravankara has been chosen as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai. This project will unlock a total development potential of over 1.2 million sq ft across approximately four acres, with an estimated gross development value (GDV) of ₹2,100 crore. Ashish Puravankara, Managing Director of the company, stated, “With 11 projects in Mumbai and Pune covering around 14 million sq ft—including 3.6 million sq ft in redevelopment—we are dedicated to expanding our presence in the western region. This area is projected to contribute a GDV of around…

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Indian Real Estate Attracts $1.80B in Institutional Investment Q2 2025

Representative image created by AI NEW DELHI: The Indian real estate sector secured institutional investments totaling $1.80 billion in Q2 2025, marking a 42% decrease year-over-year from the all-time high investments in any quarter. However, compared to the previous quarter, investments surged by 122%. While foreign investments remained prominent in Q2 2025, their share declined from 71% in Q2 2024 to 66%. In value terms, foreign investments fell by 46%, dropping to $1.19 billion from $2.21 billion. According to Shrinivas Rao, CEO of the firm, “This growth momentum is expected to persist, with several rating agencies forecasting economic growth exceeding…

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Mysuru Civic Body Launches Weekly e-Khata Drive Every Friday

MYSURU: The Mysuru City Corporation (MCC) has initiated an e-Khata campaign every Friday from 3 PM to 6 PM, aiming to make services more accessible to the public. This decision follows community frustration over delays in issuing e-Khatas, largely due to ongoing technical problems, particularly related to servers and logins, since early June. With about 1.7 lakh properties within MCC jurisdiction, only around 45,000 e-Khatas were issued by June 3. “Our goal is to issue at least 1 lakh e-Khatas by the end of this financial year,” stated Shaikh Tanveer Asif, MCC Commissioner. He assured that the city corporation is…

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NPCI Buys Prime BKC Land from MMRDA for ₹829 Crore HQ

Representative image created by AI The National Payments Corporation of India (NPCI) has acquired a prime land parcel in Mumbai’s Bandra-Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA) for ₹829.43 crore to establish its headquarters. Finalized on June 18, the transaction grants NPCI an 80-year lease on two amalgamated plots in G-Block, covering nearly 1.5 acres with a permissible built-up area of approximately 2.59 lakh sq ft. This deal is one of the significant land transactions in BKC and is expected to impact the area’s real estate landscape, notably regarding future pricing trends and development strategies. NPCI…

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Karnataka’s New Apartment Law Draft Almost Complete

BENGALURU: The Karnataka government has announced progress on the long-awaited draft of a new apartment act, aimed at resolving the legal ambiguity surrounding ownership, maintenance, and land rights for thousands of apartment residents. The urban development department stated that the draft—which has been developed in collaboration with apartment associations, legal experts, and stakeholders—will soon be forwarded to ministers for approval. Tushar Giri Nath, additional chief secretary of the department, remarked, “The draft is nearly complete. We’ve conducted meetings and gathered feedback from the law department and apartment owners. We’re now adding the final touches before presenting it to the ministers.…