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

Axis Bank to Sell ₹511-Crore Lavasa Corp Debt

Axis Bank has become the first creditor to seek buyers for its outstanding exposure to the financially troubled Lavasa Corp, while other lenders are still evaluating their options due to the ongoing litigation issues tied to the resolution process. On Monday, Axis Bank listed its ₹511 crore claims for sale with a reserve price of ₹80 crore, available on an all-cash basis. As the fifth-largest creditor to the distressed private hill city, Axis is actively soliciting expressions of interest (EoIs) from asset reconstruction companies (ARCs), non-banking finance companies (NBFCs), and other financial institutions. The deadline for submitting documents is November…

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Pune Builder Requests Jain Trust to Cancel Deal

PUNE: Amid ongoing controversy surrounding the sale of a prominent property owned by a Jain trust in Pune, the involved private builder has formally requested the cancellation of the deal. On Sunday, Vishal Gokhale, a partner at Gokhale Landmarks LLP, sent an email to the Seth Hirachand Nemchand Smarak Trust, notifying the trustees of his intention to withdraw from the transaction and request the cancellation of the sale deed. In his message, he pointed to “numerous false and misleading rumors” circulating publicly that raised questions about the legitimacy of the deal and suggested improper motives. Opponents of the property deal…

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Shriram Properties to Co-Develop Row Houses in Yelahanka

Representative AI image NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement for a seven-acre parcel of land, part of a larger 15-acre site in North Bengaluru. The company plans to develop a row house project with an estimated gross development value (GDV) of ₹600 crore. According to Akshay Murali, Vice President of Business Development, “Yelahanka’s robust infrastructure growth and its proximity to the upcoming biodiversity park make it an ideal location for premium row houses.” This project reiterates the company’s commitment to its asset-light growth strategy, emphasizing partnerships and efficient capital allocation in high-potential areas. Published…

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Suraj Estate Developers Q2 FY26 Net Profit Rises 3.96%

NEW DELHI: Suraj Estate Developers has announced a 3.96% growth in net consolidated profit for the quarter ending September 30, 2025. The profit after tax was ₹33.09 crore in Q2 FY26, compared to ₹31.83 crore during the same period last year, according to a filing with BSE. The company reported a total net consolidated income of ₹145.42 crore in Q2 FY26, marking a significant increase of 32.65% from ₹109.63 crore in the equivalent quarter last year. The board of directors has approved a postal ballot notice to seek shareholder approval for the special resolution regarding the appointment of Ananta Singh…

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Indore Property Survey Controversy: Mayor Halts Drive for SOP

INDORE: A significant controversy arose over the Indore Municipal Corporation’s (IMC) ward-wise property tax survey late Saturday evening, leading to a standoff at the Bhanwarkuan police station and multiple FIRs. The situation prompted political intervention, with cabinet minister Kailash Vijayvargiya calling for an emergency meeting. The conflict began in Ward 74, where IMC mobilized staff from 22 zones for a property tax assessment. On Saturday, an altercation occurred between area revenue officer (ARO) Shailendra Singh and local politician Sunil Hardia (the husband of a corporator) along with his son. This led to a confrontation at the Bhanwarkuan police station. An…

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TRSCL to Hold E-Auction of Plots Starting October 28

Representative image HYDERABAD: The Telangana Rajiv Swagruha Corporation Limited (TRSCL) is set to hold an e-auction for open plots located in Kurmalguda, Thorrur, and Bahadurpally from October 28 to 30. The plots in Kurmalguda vary from 200 to 300 square yards, whereas those in Thorrur range from 200 to 500 square yards. The starting price is set at ₹20,000 per square yard for Kurmalguda and ₹25,000 for Thorrur. In Bahadurpally, the base price is ₹27,000 per square yard, while corner plots will start at ₹30,000 per square yard. The minimum bidding increment is ₹500 per square yard. The e-auction for…

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Goa Housing Board Approves Legal and IT Departments

PANAJI: The Goa state cabinet has recently approved the establishment of a legal and IT cell within the Goa Housing Board (GHB), which will add 11 new positions to the board. The GHB is a statutory entity created under the Goa, Daman and Diu Housing Board Act of 1968. Its primary goal is to provide affordable housing to the Goan population. In addition, the board implements commercial projects and allocates land to organizations, operating as a self-sustaining body without government grants or assistance. During its meeting, the board authorized the formation of both a legal cell and an IT cell.…

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Rajasthan: RIICO Eases Land Norms, Risks Revenue Losses

Representative image created by AI JAIPUR: In a significant policy update, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has revised land use regulations for industrial zones, implementing major changes to the Disposal of Land Rules from 1979. The amendment, issued on Friday, enables the conversion of industrial plots into commercial, residential, institutional, and mixed-use categories, subject to new charges and procedures. The new framework facilitates the transition of one authorized land-use type to another, representing a notable change in the planning and utilization of industrial land. Under these updated guidelines, changing industrial plots to commercial use will incur…

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UP Govt Supports Noida Authority’s Plan to Cancel 29 Idle Plots

NOIDA: The Uttar Pradesh industrial development department has upheld the Noida Authority’s decision to revoke the land allotment of 29 industrial allottees due to failure to initiate construction, despite several extensions and relaxations from the state government. On October 23, additional chief secretary (industrial development) Alok Kumar dismissed a revision petition from Elevator IT Solutions Ltd, which contested the Noida cancellation order from July 10, 2023, deeming it arbitrary and inconsistent with lease terms. The dispute arose over a 4,130 sqm plot in Sector 62, originally allocated for IT/ITES activities in 2008. According to the lease deed executed on August…

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Pune: Cluster Redevelopment of Wadas Faces Policy and Resident Hurdles

Representative image PUNE: Nearly eight years after its proposal, progress on the cluster development initiative aimed at redeveloping aging wadas and deteriorating buildings in the city has been minimal, according to data from the Pune Municipal Corporation (PMC). The topic has resurfaced due to opposition from residents of Lokmanyanagar, a neighborhood with 52 housing societies and over 800 flats. Many buildings, built in the 1960s, are facing issues like cracked walls, irregular water supply, and inadequate drainage systems. Kasba Peth MLA Hemant Rasane commented, “Many properties are suffering due to a lack of response to cluster development. We should explore…