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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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under the Pune Municipal Corporation (PMC) and other civic bodies are expected to receive relief as the government has repealed the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act (amended in 2015), commonly referred to as the Tukde Bandi law.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…

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TDI Infrastructure Repays ₹2,000 Crore, Achieves Debt-Free Status

NEW DELHI: TDI Infrastructure Ltd has successfully repaid its total debt of Rs 2,000 crore, officially becoming a debt-free entity. In a statement released on Thursday, the company confirmed that it has “cleared all outstanding obligations amounting to Rs 2,000 crore without any restructuring, settlement, or waiver.” TDI Infrastructure is now focusing on consolidating its assets and developing both residential townships and commercial properties. TDI Infrastructure’s Akshay Taneja commented, “Achieving a debt-free status has been a significant milestone in our transformation journey. It exemplifies our long-term discipline and commitment to delivering tangible results while upholding financial integrity.” The company plans…

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Karnataka Cabinet Approves 1% Fire Cess on New High-Rises

BENGALURU: Karnataka’s Law and Parliamentary Affairs Minister H K Patil announced on Thursday that the state cabinet has approved several significant initiatives, including the establishment of a Centre of Excellence (CoE) in space technology and the launch of the Local Economy Accelerator Programme (LEAP). The proposed SpaceTech CoE will be formed as a Section 8 company under the Companies Act, 2013, with an allocation of ₹10 crore over five years. “The Satellite Communication Industry Association (SIA-India) has been chosen as the industry partner. The project has received exemption under Section 4(g) of the Karnataka Transparency in Public Procurements Act, 1999,”…

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Ajmera Realty Q1 FY26 Net Profit Rises 21.79%

NEW DELHI: Ajmera Realty & Infra India (ARIIL) has announced a 21.79% increase in its consolidated net profit for the quarter ending June 30, 2025. The profit after tax (PAT) reached ₹38.28 crore in Q1 FY26, compared to ₹31.43 crore recorded in the same quarter last year, as per a filing to the BSE. The company’s net consolidated income for Q1 FY26 amounted to ₹259.62 crore, reflecting a 32.36% growth from ₹196.15 crore during the same period last year. Dhaval Ajmera, Director of Corporate Affairs at the company, stated, “We have significantly enhanced our execution capabilities, leading to a remarkable…

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IndiQube Spaces IPO Fully Subscribed; Retail Portion 7x Over

NEW DELHI: IndiQube Spaces’ ₹700-crore initial public offering (IPO) saw full subscription by the second day of bidding, driven by strong interest from retail and non-institutional investors. The IPO, which kicked off on July 23, is set to close on July 25, 2025. As of 5:04 PM on July 24, the IPO was subscribed 2.68 times overall, with the retail segment oversubscribed at 7.32 times. The employee allocation was subscribed 4.74 times, while the qualified institutional buyer (QIB) section was 1.49 times subscribed. Non-institutional investors (NII) saw a subscription of 1.94 times, with small NIIs bidding at 2.62 times and…

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Prayagraj to Launch Block-Level Mapping & Property Numbering

Representative image created by AI PRAYAGRAJ: The Prayagraj Municipal Corporation is launching a block-level mapping and numbering system to enhance property identification and streamline property tax collection. This initiative aims to simplify the process of locating individual houses and improve municipal services such as tax collection and property surveys. Under this plan, localities will be subdivided into smaller blocks, each containing around 100 houses. Depending on the size and population of each area, wards will likely consist of five to seven blocks. With 100 wards in the city, there could be a total of 3,000 to 4,000 blocks across Prayagraj.…