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

Andhra Pradesh extends LRS guidelines cut-off to June 30

VIJAYAWADA: The state government has instructed municipal commissioners and urban development authority vice-chairpersons to address all outstanding applications under the Layout Regularisation Scheme (LRS). In light of the cabinet’s recent endorsement of the proposal, the municipal administration department has disseminated comprehensive guidelines for the implementation of the LRS regulations. This initiative is expected to benefit plot owners in unauthorized layouts covering approximately 18,000 acres statewide. As per reports, the Director of Town and Country Planning (DTCP) provided the state government with data indicating that around 14,535 unauthorized layouts, spanning nearly 78,452 acres, were recorded in the UCIMS app by Urban…

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Over 370K Bengaluru Properties Pending Tax Payments

BENGALURU: The Bruhat Bengaluru Mahanagara Palike (BBMP) has identified approximately 370,000 properties with overdue taxes totaling between Rs 700 and 800 crore. Maheshwar Rao, the chief commissioner of BBMP, announced that notices will be sent again through SMS and email to remind defaulters to settle their dues. According to Special Commissioner (Revenue) Munish Moudgil, even though auction notices were issued for 6,000 to 7,000 properties, compliance rates remain unsatisfactory. To enhance compliance, BBMP plans to block the e-khata accounts of tax defaulters, preventing any property sales until taxes are paid. “This process may take 4-5 months, but it is crucial…

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Arvind SmartSpaces Q1 FY26 Net Profit at ₹11.96 Crore

NEW DELHI: Arvind SmartSpaces has announced a significant growth of 159.44% in its net consolidated profit for the quarter ending June 30, 2025. The company’s profit after tax for Q1 FY26 reached ₹11.96 crore, a substantial increase from ₹4.61 crore in the same quarter the previous year, as reported in a BSE filing. The net consolidated total income for the company was ₹106.39 crore in Q1 FY26, reflecting a growth of 37.79% compared to ₹77.21 crore in the corresponding quarter last year. Kamal Singal, Managing Director of Arvind SmartSpaces, stated, “In Q1, revenue rose 37% year-on-year to ₹102 crore, adjusted…

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Omaxe Group Raises ₹500 Crore from Oaktree

Representative image created by AI NEW DELHI: The Omaxe Group has successfully secured ₹500 crore in funding from Oaktree Capital Management L.P. The financing will expedite the completion of residential, commercial, and public-private partnership (PPP) projects, enhancing the company’s infrastructure and growth initiatives. “This capital infusion allows us to accelerate construction, lessen market reliance, and strategically invest in new ventures aligned with our core markets,” stated Mohit Goel, the company’s Managing Director. Atul Banshal, the Finance Director, mentioned, “We have made significant strides to fortify our balance sheet and enhance financial flexibility in recent years, repaying substantial debt while maintaining…

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BGO and Aditya Birla Sun Life AMC Provide ₹350 Crore to Namo Realtech

Representative image created by AI NEW DELHI: BGO and Aditya Birla Sun Life AMC have invested ₹350 crore in debt funding for Namo Realtech to support its growth in the real estate sector. Mohit Jain, Managing Director of Namo Realtech, stated, “This investment will enable us to fast-track our upcoming projects that are already in advanced stages of discussions with potential partners.” With this deal, Namo Realtech has secured commitments totaling $100 million for ten projects, managing around 7.8 million sq ft of real estate. Additionally, in collaboration with Max Estates, the company plans to launch a residential project in…

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Ludhiana Suvidha Kendras Now Open Weekends for Property Tax

LUDHIANA: To facilitate timely submission of pending property taxes, MC commissioner Aaditya Dachalwal has announced that zonal suvidha kendras will remain open on Saturday, July 26, and Sunday, July 27. This decision was made as July 31 marks the final date for property tax payments without incurring penalties or interest under the state’s one-time settlement (OTS) policy. Officials indicated that property taxes should be paid on a self-assessment basis annually. Failure to pay will result in a 20% penalty and 18% annual interest on the outstanding amount. Under the OTS policy, residents can settle their pending tax by July 31,…

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Lodha Developers’ Q1 FY26 Net Profit Soars 41.86%

NEW DELHI: Lodha Developers, previously known as Macrotech Developers, has reported a significant increase of 41.86% in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹675.10 crore in Q1 FY26, compared to ₹475.90 crore during the same period last year, as stated in a BSE filing. In Q1 FY26, the company’s net consolidated total income also rose to ₹3,624.70 crore, marking a growth of 24.21% from ₹2,918.30 crore in the corresponding quarter of the previous fiscal year. Abhishek Lodha, the MD & CEO, remarked, “Q1 FY26 has showcased our best-ever first quarter…

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Knowledge Realty Trust secures Sebi approval for ₹4,800-crore REIT

NEW DELHI: Knowledge Realty Trust, backed by the Sattva Group and Blackstone, has received approval from SEBI to initiate a public offering for its REIT, aiming to raise ₹4,800 crore. Last month, Knowledge Realty Trust (KRT) successfully gathered ₹1,400 crore from investors as part of the preparations for its first REIT public offering. In early March, KRT filed a draft red herring prospectus (DRHP) with SEBI to launch an initial public offering (IPO) and list the REIT on stock exchanges. This initiative is designed to monetize its portfolio of 30 premium office assets located in major cities. According to sources,…

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No OCs for Hyderabad Builders Over Illegal Debris Disposal

Representative image created by AI HYDERABAD: Building owners may be denied occupancy certificates (OCs) if they do not dispose of construction and demolition (C&D) waste properly, as the Greater Hyderabad Municipal Corporation (GHMC) plans to implement stricter regulations soon. In this regard, the state government has decided to require building owners to submit a C&D waste disposal certificate when applying for occupancy certificates with the GHMC. A government order regarding these regulations is expected within the next few weeks. Officials stress that this initiative aims to reduce illegal dumping on roadways, vacant lots, and water bodies, which has become a…