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

Ahmedabad Developers Consider Price Hike on Homes Under Construction

AHMEDABAD: On June 15, real estate developers in Ahmedabad will convene to discuss potential price increases for under-construction properties due to rising construction costs caused by supply disruptions linked to the West Asia conflict. The Confederation of Real Estate Developers’ Associations of India (CREDAI), Ahmedabad, has organized this meeting. Developers are expected to discuss both the likelihood of a price hike and the magnitude of any changes. Industry insiders indicate that ready-to-move-in and completed projects will likely remain unaffected, while those initiated within the last six months might see increases in the range of 5% to 7%. As the deadline…

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Cycle of Encroachment and Housing Can’t Last Forever: CM

File Photo MUMBAI: In defense of the ongoing slum demolition initiative in the city, Chief Minister Devendra Fadnavis stated on Friday that the cycle of encroachment and government-provided housing cannot persist indefinitely. Responding to inquiries regarding the eviction of slum dwellers without the implementation of the Centre’s flagship Housing for All initiative, Fadnavis noted that Mumbai has seen the highest number of slum dwellers receive ownership homes in the past decade, and the government will continue this effort. However, he emphasized that the court has imposed certain conditions, stating that only eligible residents are to be allocated homes, while ineligible…

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Noida Sports City Revival Sparks New Projects Despite Land Limits

The long-awaited revival of the Sports City projects in Noida is set to unlock nearly 20 million sq ft of real estate in the area. Following a Supreme Court ruling in March, construction can now resume after nearly three years of inactivity. At least six developers have already signed joint development agreements with the original allottees. Sports City projects were conceived in four different locations across Noida. One parcel, spanning Sectors 78, 79, and 101, was given to Three C, while another in Sector 150 was allotted to the Lotus Greens Group. Logix Infra Developers also received a plot in…

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DDA Alerts Architects, Engineers & Owners Against Misleading Plans

NEW DELHI: The Delhi Development Authority (DDA) has issued a warning to architects, supervisors, structural engineers, and property owners about the consequences of submitting false information during building plan approvals. This action follows several building collapses in the city. According to the Unified Building Bye-Laws (UBBL) of 2016, providing false information, misrepresenting building plans, hiding material facts, or supplying incorrect certificates can lead to serious penalties. These may include blacklisting, debarment, and other appropriate actions under relevant laws. DDA officials noted that many residential areas are managed by the authority, where plots are being auctioned and apartments constructed. Owners must…

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Nagpur’s Plot Rates Set to Change in Two Years: Maharashtra

NAGPUR: The Maharashtra government is planning to implement CTS-card-level micro-zoning of Ready Reckoner (RR) rates, designed to benefit landowners by eliminating the practice of assigning the same value to a slum tenement and a luxury high-rise within the same area. Revenue Minister Chandrashekhar Bawankule announced this in Nagpur on Thursday. A three-phase, property-by-property survey has commenced, starting in Mumbai, with a timeline for implementation in Nagpur set for the next two years. Bawankule noted that the survey is being conducted by the Maharashtra Remote Sensing Application Centre (MRSAC). He cited a notable city hotel as an example of the existing…

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Prime Securities Group unveils ₹1,000 crore real estate AIF

Representative AI image NEW DELHI: Prime Litmus Investment Management, a subsidiary of Prime Securities, has unveiled the Prime Litmus Real Estate Opportunities Fund. This Category II Alternative Investment Fund aims to provide structured credit investments for under-construction real estate projects. The fund targets a corpus of ₹750 crore, with a green shoe option for an additional ₹250 crore, bringing the total potential corpus to ₹1,000 crore. Prime Litmus Investment Management is a collaboration between Prime Research and Advisory, a wing of Prime Securities, and Litmus Global Services LLP. The fund will focus on self-liquidating real estate ventures that offer cash-flow…

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Oberoi Realty invests ₹268.5 crore in Bandra East project

Representative AI image NEW DELHI: Oberoi Realty has invested ₹268.50 crore in equity shares of Centerstage Realty, its fully-owned subsidiary, via a rights issue, as stated in a regulatory filing. The company purchased 26.85 crore equity shares at a nominal value of ₹10 each. Following this transaction, Oberoi Realty maintains its complete ownership and control of Centerstage Realty. Centerstage Realty was established on June 2, 2026, as a special purpose vehicle for the development of railway land in Bandra East, adjacent to the Western Express Highway in Mumbai. Previously, the company disclosed that its bid to the Railway Land Development…

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Maharashtra Decentralises Land Approvals to Accelerate Projects

The Maharashtra government has enhanced the authority of district collectors and divisional commissioners to approve government land transactions. This initiative aims to minimize bureaucratic delays and accelerate investment and redevelopment initiatives throughout the state. As stated in a government resolution (GR) from the Revenue and Forest Department, the delegation of powers under Section 37A of the Maharashtra Land Revenue Code, 1966 has been updated. This allows district-level and divisional authorities to authorize a broader range of land-related proposals without needing state government approval. The move is designed to improve the business environment and hasten approvals for industrial, infrastructure, housing, and…

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Maharashtra to Launch New Rates for Towers and Slums Post-Survey

MUMBAI: Maharashtra will implement distinct Ready Reckoner (RR) rates for high-rises and slum clusters within the same area, following a statewide micro-zoning initiative aimed at enhancing the realism and fairness of property valuations, announced Revenue Minister Chandrashekhar Bawankule on Wednesday. This decision, revealed on the 12th anniversary of Prime Minister Narendra Modi’s tenure, seeks to aid middle-class homebuyers and slum dwellers currently subjected to uniform valuation rates, despite significant differences in infrastructure and amenities. Bawankule noted that the Maharashtra government has initiated a three-phase survey program for micro-zoning, entrusting the Maharashtra Remote Sensing Application Centre to carry out the task…

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Reliance Consortium Wins 101-Acre Mumbai Slum Redevelopment Bid

MUMBAI: A consortium led by Reliance Industries’ subsidiary, Reliance 4IR Realty Development, in collaboration with Mahadev Realtors Juhu, has successfully won the bid for the redevelopment of the 101.36-acre Juhu Galli slum cluster in Andheri (West), making it one of the largest slum redevelopment projects in Mumbai. The tender process was overseen by the Slum Rehabilitation Authority (SRA) and drew bids from major corporate groups, including Reliance, JSW, and the Shapoorji Pallonji Group. The Reliance-led consortium emerged victorious in the bidding process. The redevelopment plan aims to construct over 28,000 homes for eligible slum residents. This initiative falls under the…