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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Founder of Data for India Buys Vasant Vihar Plot for ₹113 Crore

Representative image created by AI Akhil Wable, the founder of DataforIndia, has purchased a 1,280-square yard plot in Vasant Vihar for Rs 113 crore from Eleannt Enterprises. The South Delhi-based real estate firm acquired the plot for Rs 95 crore earlier this year and paid Rs 6.65 crore in stamp duty. However, sources indicate that local authorities are denying permission for construction due to the plot’s proximity to the ridge area. In May, RealtyDailyNews reported that Eleannt Enterprises had executed one of South Delhi’s most expensive land deals. “South Delhi demonstrates a strong demand for real estate. Limited inventory from…

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Varanasi Body Launches Campaign for New Building Bylaws

Representative image created by AI VARANASI: The Varanasi Development Authority (VDA) is ramping up its initiative to educate the public about the UP Development Authority Building Construction and Development Bylaws-2025 and the Model Zoning Regulation-2025. After the state government endorsed the Building Construction and Development Bylaws-2025 designed to simplify the construction process, promote eco-friendly buildings, and support vertical growth, VDA Vice Chairman Pulkit Garg emphasized the agency’s commitment to spreading awareness through workshops and events aimed at informing builders and property owners of its benefits. Officials are also addressing concerns regarding provisions that require the approval of maps only for…

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Mahindra Lifespaces Q1 FY26 Net Profit at ₹51.26 Crore

NEW DELHI: Mahindra Lifespace Developers (MLDL), part of the Mahindra Group focused on real estate and infrastructure, reported a net consolidated profit after tax of ₹51.26 crore for the quarter ending June 30, 2025. This is a significant increase from the ₹12.74 crore profit recorded in the same quarter last year, according to a filing with the BSE. For Q1 FY26, the company’s net consolidated total income was ₹40.61 crore, reflecting an 80.25% drop from ₹206.70 crore compared to the previous year’s quarter. Amit Kumar Sinha, managing director & CEO, stated, “We started the year on a strong note, successfully…

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Arkade Developers Q1 FY26 Net Profit Drops 4.83%

NEW DELHI: Arkade Developers has reported a net consolidated profit decline of 4.83% for the quarter ending June 30, 2025. The company’s profit after tax was ₹28.75 crore in Q1 FY26, down from ₹30.21 crore in the same quarter last year, according to a BSE filing. The net consolidated total income for Q1 FY26 was ₹165.22 crore, reflecting a 31.64% increase from ₹125.51 crore recorded in the same quarter of the prior fiscal year. Amit Jain, the chairman and managing director, stated, “We are pleased to announce a robust year-on-year growth, with pre-sales up by 17.1% and collections increasing by…

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Sobha Q1 FY26 Net Profit at ₹13.61 Crore

NEW DELHI: Sobha has reported a remarkable 124.96% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹13.61 crore in Q1 FY26, compared to ₹6.05 crore in the same quarter of the previous fiscal year, as per a BSE filing. The company’s net consolidated total income was ₹901.40 crore in Q1 FY26, marking a growth of 34.57% from ₹669.85 crore in the corresponding quarter last year. Published On Jul 25, 2025 at 06:34 PM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest…

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Embassy REIT Secures ₹2,000 Cr via 10-Year NCDs

Representative image created by AI NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has successfully raised ₹2,000 crore through a 10-year non-convertible debenture (NCD). The offering was priced with an effective coupon rate of 7.33% over ten years, featuring a step-up structure of 7.25% for the initial five years, followed by 7.45% for the next five years. The raised funds will be used to refinance existing debts, leading to annual interest savings of approximately 70 basis points (bps). The issuance attracted interest from over 15 prominent institutional investors, including insurance companies, pension funds, and mutual funds, and was oversubscribed by…

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Elan Group Repays ₹875 Crore to Asia Pragati Early

Representative image created by AI NEW DELHI: The Elan Group has completed an early repayment of its ₹875 crore loan from Asia Pragati Strategic Investment Fund, a division of PAG. The investment, made in 2022, was allocated towards growth capital for the company. This move to reduce debt is anticipated to decrease interest obligations, enhance liquidity, and provide opportunities for future project investment and land acquisitions. The Elan Group’s portfolio includes 15 projects across Gurugram and New Delhi, totaling around 25 million sq ft in built-up area. Published On Jul 25, 2025 at 04:00 PM IST Join over 2M industry…

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Property Owners Hope for Regularisation as Maharashtra Scraps Act

PUNE: Thousands of property owners under the Pune Municipal Corporation (PMC) and other civic bodies are expected to receive relief as the government has repealed the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act (amended in 2015), commonly referred to as the Tukde Bandi law. This legislation imposed restrictions on subdividing land into smaller plots. Revenue Minister Chandrashekhar Bawankule announced during a recent assembly session that the state will now regularize land divisions of up to one guntha (1,089 square feet) made before January 1, 2025. This change will allow property owners to obtain registrations, building permits, and legal…

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Govt to Regularize B-Khata Buildings, Excludes Vacant Lots

BENGALURU: The state government has decided to regularize all existing B khata buildings and multi-storey apartment complexes in Bengaluru, given they were constructed on unauthorized layouts or lands and registered with the BBMP before September 30, 2024. However, vacant plots with B khata status will not be included in this regularization initiative. The cabinet approved this decision on July 17, following a suggestion from the Urban Development Department (UDD). This aims to provide legal relief to thousands of homeowners while upholding standards against unapproved developments. According to the UDD, vacant lands converted under Section 95 of the Karnataka Land Revenue…

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Pay Property Tax by July 31 for Benefits: Ludhiana Chief

LUDHIANA: With just one week remaining for residents to settle their outstanding property tax without incurring any interest or penalties, MC commissioner Aaditya Dachalwal has urged them to take advantage of the one-time settlement (OTS) scheme by submitting their dues by July 31. The MC chief has instructed zonal commissioners, superintendents, and other officials to hasten the collection of dues from residents and take action against defaulters. He convened a meeting at the zone ‘D’ office of the civic body in Sarabha Nagar on Thursday, attended by MC additional commissioner Paramdeep Singh, assistant commissioner (UT) Pragati Rani, and zonal commissioners…