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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Goa CM: New Law to Curb Illegal Home Construction Soon

PORVORIM: Chief Minister Pramod Sawant announced in the assembly on Wednesday that the government will soon introduce legislation to prevent further illegal house constructions. He stated that the state would reopen applications under the current act, allowing locals to legalize their homes built on their own land. In light of a high court ruling on illegal constructions, Sawant emphasized that local authorities have been instructed to take action solely against buildings on land designated for national highways, state highways, or major district roads. He clarified that the court’s ruling on illegal structures pertains only to those specific cases. The Chief…

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Nashik: Mhada & NMC Simplify Land Transfers for Affordable Homes

NASHIK: The Nashik Municipal Corporation (NMC) and Maharashtra Housing and Area Development Authority (Mhada) have announced progress in addressing the transfer of Developmental Rights (TDR) to developers. This initiative is aimed at promoting affordable housing for lower-income groups and economically weaker sections (EWS). A meeting held on Tuesday evening between NMC and Mhada officials confirmed this development. Shivkumar Awalkanthe, Chief Officer of Nashik Mhada, stated, “The civic administration will provide TDR for the plots given to us, and we will reciprocate for NMC.” Officials from Mhada indicated that builders developing plots exceeding 4,000 sqm are required to allocate 20% of…

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Panchkula Sees 10-50% Increase in Card Collector Rates

PANCHKULA: The Panchkula administration has proposed significant increases in collector (circle) rates for the 2025-2026 period, ranging from 10% to as much as 50%. According to the current draft, residential and industrial property rates could increase by up to 50%, based on location and intended use. Official documents indicate that in key residential sectors like 4, 5, and 6 (MDC) as well as sectors 6 to 11, the collector rate is projected to rise by 50%, from Rs 66,000 to Rs 99,000 per square metre. Rates in sectors 10 and 11 are also expected to go up by 50%, moving…

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Sri Lotus Developers IPO Sees 3.59x Subscription on Day 1

NEW DELHI: Sri Lotus Developers and Realty Ltd, a real estate firm supported by Bollywood celebrities and prominent investor Ashish Kacholia, witnessed strong demand for its initial public offering (IPO), which was subscribed 3.59 times on its opening day of bidding on Wednesday. According to the National Stock Exchange (NSE), the IPO received bids for 14.23 crore (142,386,800) equity shares, surpassing the 3.96 crore (39,658,730) equity shares available. The Qualified Institutional Buyers (QIB) segment was particularly strong, achieving 5.31 times subscription, while the non-institutional investors’ allocation was subscribed 3.10 times. The Retail Individual Investors (RIIs) portion received bids 2.82 times…

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Knowledge Realty Trust’s ₹4,800 Cr IPO Launching August 5, 2025

NEW DELHI: Knowledge Realty Trust REIT has set the price range for its issue between ₹95 and ₹100 per unit. The bidding process opens on August 5, 2025, and concludes on August 7, 2025. The minimum bid size is ₹15,000, which translates to a minimum of 150 units, with additional bids made in multiples of 150 units for all bidders except anchor and strategic investors. This offering includes a fresh issuance of units totaling up to ₹4,800 crore by Knowledge Realty Trust. A maximum of 75% of the issue (excluding the Strategic Investor portion) will be allocated proportionately to institutional…

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Gurugram’s Sushant Lok-1 Buildings Sealed for Zoning Violations

GURUGRAM: A major enforcement operation took place in the upscale Sushant Lok 1 township over the weekend in response to evident breaches of residential zoning regulations. Violations included the use of crèche plots for schools and dance training facilities, as well as a girls’ hostel in a residential area. Consequently, the Department of Town and Country Planning (DTCP) sealed three crucial locations. The operation was conducted in collaboration with local authorities and personnel from Sector 29 police and the Sushant Lok police post. In the first instance, six rooms in a plot intended for crèche use in C-2 Block were…

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Prayagraj civic body to update building ‘khasra’ after 23 years

PRAYAGRAJ: If you’re a homeowner in the city and your ‘Khasra’ (land record) hasn’t been created, there’s no need to be concerned. The Prayagraj Municipal Corporation plans to initiate the preparation of a new ‘Khasra’ for both new and existing buildings soon. The process is expected to begin within six months; the last update was made around 23 years ago. The absence of a new Khasra has led to significant discrepancies in house tax. To address these issues and boost the municipal income, a comprehensive new Khasra for building properties will be established. An agency will first conduct a door-to-door…

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Kolte-Patil Developers reports ₹16.88 crore net loss in Q1 FY26

NEW DELHI: Kolte-Patil Developers has reported a net consolidated loss after tax of ₹16.88 crore for the quarter ending June 30, 2025. This reflects a downturn from the profit after tax of ₹6.37 crore recorded in the same quarter of the previous fiscal year, according to a filing with the BSE. The company’s net consolidated income for Q1 FY26 was ₹96.81 crore, a significant drop of 72.37% compared to the ₹350.39 crore reported in the same period last year. As of June 30, 2025, the company’s net worth was ₹1,233.65 crore. Its current liability ratio stood at 0.99, while the…

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Brigade Group to Co-Develop Two Housing Projects in Hyderabad

NEW DELHI: Brigade Group has entered into joint development agreements (JDAs) for new residential projects in Moti Nagar, Hyderabad—Brigade Citadel 2 and Citadel 3. “This expansion is a strategic move towards our sustainable and scalable growth in Hyderabad, a crucial market for us in South India. We will actively seek land parcels that align with our growth ambitions, design vision, and quality standards,” stated Amar Mysore, Executive Director of Brigade Enterprises. Together, these projects cover a total development area of around one million square feet, with expected revenue surpassing ₹970 crore. The developments will be set across 10 acres of…

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Sri Lotus Realty secures ₹237 crore from anchor investors

NEW DELHI: Sri Lotus Developers and Realty has raised ₹237 crore from anchor investors prior to its initial public offering (IPO) set to open for public subscription on Wednesday, July 30, 2025. The company announced that on July 29, 2025, it allocated 15,799,999 equity shares at ₹150 each to these investors. Prominent institutions among the anchor investors include Tata Mutual Fund, Mahindra Manulife Mutual Fund, Nippon Mutual Fund, Samsung India Mid & Small Focus Securities Master Investment Trust, Nuvama Asset Management, HSBC Mutual Fund, SBI Mutual Fund, Citigroup Global Markets Mauritius, Nomura Singapore, and Future Generali India Life Insurance Co.…