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

Sebi aims to expand strategic investor definition for REITs, InvITs

NEW DELHI: On Friday, Sebi suggested expanding the definition of ‘strategic investor’ in the REIT and InvIT regulations to include Qualified Institutional Buyers (QIBs) and specific categories of Foreign Portfolio Investors (FPIs) to attract more institutional investments. In a consultation paper, Sebi pointed out that the existing definition is overly restrictive, excluding significant institutional investors like pension funds, provident funds, and insurance funds. These entities are active in the REIT and InvIT sectors due to their preference for long-term, stable income-generating investments, but they are currently ineligible for classification as strategic investors. Sebi proposed that the definition be revised to…

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Delhi CM calls for builders to adopt public-private partnerships

NEW DELHI: Chief Minister Rekha Gupta has assured the real estate sector that the government will require two years to address the capital’s developmental backlog from the past decade. “We encourage industry members and developers to present PPP models for the creation of state-of-the-art hospitals, schools, shopping malls, and infrastructure, with the government providing full policy and financial support,” stated Gupta. Speaking at the National Real Estate Development Council (NAREDCO) conference, which announced its 17th national convention scheduled for August 29–30, 2025, in New Delhi, she emphasized, “Our vision is to transform all slums in Delhi into permanent housing. We…

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Godrej Properties Q1 FY26 Net Profit Up 15.34%

NEW DELHI: Godrej Properties (GPL) has reported a 15.34% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹598.80 crore in Q1 FY26, compared to ₹518.80 crore in the same quarter of the previous fiscal year, according to a BSE filing. The net consolidated total income for the company was ₹1,620.34 crore in Q1 FY26, reflecting a 4.66% decline from ₹1,699.48 crore recorded in the same quarter last year. Pirojsha Godrej, Executive Chairperson, stated, “Our business development since FY23, with a future booking value exceeding ₹90,000 crore, provides us with significant…

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Pune: Property Tax Discounts for Green Buildings Double in 6 Years

PUNE: The Pune Municipal Corporation (PMC) recently released its Environment Status Report (ESR), highlighting that the number of beneficiaries receiving discounts on property tax for adhering to green building norms has doubled over the past six years. This raises a critical question: Are these positive outcomes visible on the ground? Citizens, activists, and experts are calling for improved oversight of compliance by local authorities. The ‘green discount’ offers property owners a 5-10% reduction in property tax if they have installed solar and vermicomposting systems. According to PMC’s ESR, around 86,000 property owners benefitted from this incentive in 2019-20, which surged…

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Karnataka to Develop Policies Supporting Real Estate Sector

AI generated image for representation purposes. BENGALURU: The Karnataka government is dedicated to fostering a policy environment that bolsters the real estate sector, as stated by a senior official on Thursday. Karnataka Urban Development Department Additional Chief Secretary Tushar Giri Nath delivered the keynote at the second CII Karnataka Real Estate Conference here. “To develop Tier 2 and 3 cities as future growth engines, a robust transportation network, integrated urban planning, and aligned policy frameworks are vital,” he noted. Nath emphasized that as Karnataka experiences swift urbanization, it is essential to ensure that growth remains inclusive and carefully planned. “We…

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Yogayatan Group from Mumbai Raises Bid for Lavasa, Tops List

Representative image created by AI The Mumbai-based Yogayatan Group has placed the highest bid for the financially troubled Lavasa Corporation, raising its offer to ₹795 crore on a net present value (NPV) basis, up from ₹725 crore. After the initial bidding round earlier this month, bidders were given a chance to enhance their proposals. Yogayatan’s substantial increase in its bid surpasses Valor Estates’ offer of ₹771 crore, which did not change in the latest round. The third competitor, Welspun Group, also raised its bid to ₹785 crore on an NPV basis, up from ₹750 crore in the first round. “Currently,…

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Four Nerul Cidco Plots Sold at ₹7.65 Lakh per Sq Metre

Representative image created by AI NAVI MUMBAI: Four Cidco tender plots in Nerul were sold to a developer on Thursday for an astonishing price of Rs 7.65 lakh per sq m. Real estate analysts suggest that the high price reflects the impending Navi Mumbai International Airport. However, activists express concern over the affordability of housing for working-class individuals, given the steep land prices. Parth Life Spaces, the winning bidder, will owe Cidco a total of Rs 1,500 crore for these four plots. Manohar Shroff, a partner at Shivam Builders, remarked: “The four adjacent plots in Nerul Sector 28, ranging from…

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Govandi Slum Redevelopment Project Lacks Interest

MUMBAI: The slum areas of Shivaji Nagar and Baiganwadi in Govandi, identified as having the lowest Human Development Index (HDI) according to BMC’s 2014 report, have attracted no interest for a redevelopment project. The Brihanmumbai Municipal Corporation (BMC) issued a tender for the redevelopment of these regions over two months ago, on May 14, but no developers have expressed interest in the project. The BMC initiated the redevelopment of 64 slum sites under its jurisdiction, inviting bids for 47 slum areas citywide. “We have received proposals for 29 locations, but none from the 18 sites in the M-East ward that…

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Ranchi: Buyers Flock to Registry Office Before Price Hike

RANCHI: As of August 1, land and property valuations are set to increase by up to 10%, prompting an extraordinary surge of land buyers at the district registration office on Thursday. Buyers rushed to finalize registrations before the new rates take effect. The government-mandated increase in land valuation, or circle rate, directly affects the baseline price for land transactions. A higher valuation translates to increased registration fees, which are determined as a percentage of this new benchmark. This increase will affect all 53 urban wards and the surrounding mouzas, with more significant rises in sought-after areas such as Hinoo, Harmu,…

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Sri Lotus Developers IPO Secures 10.34x Subscription on Day 2

NEW DELHI: The initial public offering (IPO) of Sri Lotus Developers and Realty Ltd, a real estate firm backed by Bollywood celebrities and investor Ashish Kacholia, has been subscribed 10.34 times as of Thursday, the second day of bidding. According to data from the NSE, the offering received bids for 40,99,20,100 shares versus the 3,96,58,730 shares available. The non-institutional investor category was subscribed 15.95 times, while the segment for Retail Individual Investors (RIIs) saw an 8.89 times subscription rate. Meanwhile, the Qualified Institutional Buyers (QIBs) portion was subscribed 8.69 times. Earlier this week, Sri Lotus Developers secured Rs 237 crore…