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

Karnataka Builders Hit with Heavy Fines for Plan Violations

BENGALURU: The Karnataka government has updated the penalty rates for buildings that have been constructed against approved plans within urban local bodies. A recent government directive allows these buildings to obtain revised plans if they pay a specified fine, provided that deviations are within 15 percent of the sanctioned setback limits. Under the new regulations, residential, industrial, and other non-commercial structures in Town Panchayat areas will incur a fine of ₹1,000 per square metre, while commercial buildings will face a penalty of ₹1,500 per square metre. For Municipal Council areas, the fines are set at ₹1,200 and ₹1,800 respectively; in…

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No 40% Rate Hike Yet, Ghaziabad Adjusts Shop Rates

GHAZIABAD: The district administration has opted not to implement the proposed property circle rate increase of up to 40%, instead making only minor adjustments to last year’s rates to correct “technical anomalies”. The new rates, which remain largely the same as those from 2024, were sanctioned by District Magistrate Ravindra Mandar on October 31 and took effect on November 1. A September proposal had suggested a 5-15% increase in residential plot values, with a 10-40% hike in flat rates based on location, and potential increases of up to 40% for large integrated townships like Wave City. There were also recommendations…

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SRA to Map All Mumbai Slum Structures by Dec 2025

NEW DELHI: The Slum Rehabilitation Authority (SRA) has set a goal to map every slum structure in Mumbai by December 2025 as part of a tech-driven reform initiative aimed at expediting slum rehabilitation schemes, according to CEO Mahendra Kalyankar. The SRA has launched digital innovations, including a STQC-certified web portal available in 25 languages, integrated online modules with role-specific access, blockchain-based document approvals, and chatbot-enabled consumer interfaces. These enhancements are designed to improve transparency, accelerate project approvals, and heighten accountability in scheme implementation. Sukhraj Nahar, president of CREDAI MCHI, noted that the SRA’s embrace of technology and development-oriented approach has…

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Tamil Nadu’s Land Reforms Dept. Sets Record Maintenance Guidelines

Representative image CHENNAI: The land reforms department has issued a comprehensive circular to district collectorates and revenue officers, outlining the protocols for maintaining documents to ensure their accessibility and longevity. This initiative follows criticism from the state information commission regarding the inadequate upkeep of records, which has resulted in numerous Right to Information Act petitions being denied due to the unavailability of requested documents. The circular emphasizes that records concerning patta transfers, land acquisitions, ownership details, land reclassification, encroachments, government land leases, land surrenders, and tax schemes must be systematically maintained by local district collectorates, with copies submitted to the…

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Partial OCs for Greater Noida Projects with 25% Advance

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has opted to issue partial occupancy and completion certificates to developers who have made advance payments in line with the UP government’s rehabilitation policy for stalled projects. This decision, announced on Tuesday, aims to provide immediate relief to countless buyers awaiting their flats for years and to developers grappling with project completion due to financial and bureaucratic obstacles. According to the new order, developers who have paid at least 25% of their recalculated dues—considering the two-year grace period granted during the Covid pandemic—and have made additional payments towards the remaining 75%, will…

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Mahindra Lifespace Q2 FY26 Net Profit at ₹47.91 Crore

NEW DELHI: Mahindra Lifespace Developers announced a net consolidated profit of ₹47.91 crore for the quarter ending September 30, 2025, a significant turnaround from a loss of ₹14.01 crore in the same quarter last year, as reported in a BSE filing. The company’s total consolidated income for Q2 FY26 reached ₹33.06 crore, reflecting a 107.14% increase from ₹15.96 crore in the corresponding quarter of the previous fiscal year. Amit Kumar Sinha, Managing Director & CEO, stated, “Our business development momentum remains strong with year-to-date GDV additions of ₹9,500 crore. The IC&IC sector is witnessing robust traction in Jaipur and Chennai,…

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Rajasthan: RIICO Launches 6,000 Direct Allotment Plots

Representative image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has launched the sixth phase of its direct allotment scheme for investors who have signed MoUs with the state government as part of the Rising Rajasthan Global Investment Summit. The application window will remain open until October 14 for MoU holders to apply for industrial plots. In this phase, RIICO is offering 6,000 industrial plots across 100 industrial areas, with special reservations for entrepreneurs from SC/ST, women, ex-servicemen, and persons with disabilities. During the previous phase in September, RIICO received 322 applications for 224 plots, with significant interest…

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Promoter unveils ₹18,000 crore plan for Jaiprakash Associates

MUMBAI: The promoter of Jaiprakash Associates (JAL) has re-entered the competition to reacquire control of the heavily indebted infrastructure company with a new ₹18,000 crore resolution plan, although lenders are skeptical about the previous owner’s capacity to raise the necessary funds. The latest proposal from the Gaur family, the promoters of Jaypee, surpasses offers made by Vedanta and the Adani Group for JAL, which holds significant land assets around Greater Noida and the Noida Expressway. “The promoter has submitted a new plan valuing the business at ₹18,000 crore, exceeding Vedanta’s offer,” said a source with knowledge of the situation. Vedanta…

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Bengaluru agency recovers ₹12 crore in encroached BTM Layout land

BENGALURU: On Monday, the Bangalore Development Authority (BDA) successfully reclaimed a valuable land parcel in BTM 1st Stage, valued at approximately Rs 12.3 crore. Officials reported that unauthorized compounds and sheds were illegally built on BDA property situated in Survey No. 50 of Tavarekere village, Begur Hobli, Bengaluru South taluk. The BDA task force, under the guidance of the executive engineer from the south division and with police assistance, moved to demolish the encroachments. The BDA recovered 6,629 sqft of land. This action is a part of a broader initiative aimed at identifying and reclaiming government and BDA lands that…

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Housing Minister Demands Action on Builders Delaying Projects

File Photo NEW DELHI: Housing and Urban Affairs Minister Manohar Lal Khattar has requested information on the number of real estate projects that have had their deadlines extended, as well as actions taken against developers with incomplete projects despite receiving three extensions. This request arises amid increasing concerns regarding builders’ failure to meet project completion commitments under RERA. According to the minutes from the latest Central Advisory Council (CAC) meeting—which included representatives from state RERAs, state governments, consumer bodies, and builders—Khattar’s request followed comments from Haryana RERA Chairperson Arun Kumar. Kumar noted that the project completion timeline is established by…