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

Concorde to co-develop 2.16 acres of residential project in East Bengaluru

Representative image created by AI NEW DELHI: Concorde has announced a joint development for a high-rise residential project named Concorde Élevé, located on Old Madras Road (OMR) in East Bengaluru. The project offers a development potential of approximately 3.2 lakh sq ft and is estimated to have a gross development value (GDV) of ₹475 crore. Spanning 2.16 acres, it will consist of 136 units available in 3 and 4 BHK configurations. The tower is set to reach 36 floors with four units per floor, while maintaining an overall open space of 70%, as per company details. The development plans include…

IndustryLatest Stories

30,000 Properties Missing from Nagpur Civic Database, Not Taxed

NAGPUR: A recent land use verification exercise by the Nagpur Municipal Corporation’s (NMC) Development Plan (DP) unit has uncovered 30,000 previously unrecorded structures within city limits. This finding raises significant concerns regarding tax evasion and the reliability of civic data. The DP unit identified these structures while assessing existing land usage as part of its urban planning responsibilities. In response, the NMC’s property tax department has begun a thorough cross-verification of the information. Officials intend to overlay the new discoveries onto the corporation’s existing GIS (Geographical Information System) property database to pinpoint properties that are not currently subject to tax.…

IndustryLatest Stories

Mumbai’s Heritage Group Fights Back Against Iconic Buildings Policy

MUMBAI: Nearly a month after the BMC sought feedback on a proposed amendment to the Development Control and Promotion Regulation (DCPR) 2034, aimed at establishing a new policy for ‘Iconic Buildings’ under Regulation 33(27), the Fort Heritage Conservation Association has expressed concern over the ambiguous definition of what constitutes iconic buildings. The proposed policy describes ‘Iconic Buildings or Spaces’ as structures distinguished by unique features such as size, shape, aesthetics, design concept, urban design, or structural characteristics. “What is deemed iconic by some may not be universally recognized. The term ‘iconic’ is defined in unclear and subjective ways, making it…

IndustryLatest Stories

Urbanization should prioritize livability, not just housing: MoHUA

NEW DELHI: D Thara, Additional Secretary of the Ministry of Housing and Urban Affairs, stated that urbanization needs to prioritize enhancing the quality of living rather than merely focusing on housing. Thara emphasized the necessity to “reimagine urbanization” through a tailored approach, rather than just addressing housing supply. “We must shift our perspective on land and embrace a new paradigm,” she remarked. As urbanization is anticipated to accelerate significantly—equaling the scale of the last century within twenty years—she underlined the importance of harmonizing urban growth with the protection of rural and agricultural land. “We need to systematically densify,” she added.…

IndustryLatest Stories

Sri Lotus Developers’ IPO Opens July 30, Priced at ₹140-₹150

NEW DELHI: Sri Lotus Developers and Realty has established a price range of ₹140 to ₹150 per equity share of face value ₹1 for its initial public offering (IPO). The IPO is set to open for subscription on July 30, 2025, and will close on August 1, 2025. Investors can bid for a minimum of 100 equity shares, with options to bid in multiples of 100 shares thereafter. A discount of ₹14 per share is available for eligible employees participating in the employee reservation segment. The IPO consists entirely of a fresh issue of shares up to ₹792 crore, with…

IndustryLatest Stories

Thane Civic Chief: No Power to Unauthorized Properties

Representative Image THANE: On Wednesday, Thane Municipal Commissioner Saurabh Rao directed power companies to refrain from supplying electricity to any unauthorized structures, emphasizing the need for verification of legal statuses. During a high-level meeting at the Thane Municipal Corporation (TMC) headquarters, Rao stressed that providing power to unauthorized buildings contravenes court orders and should be strictly prohibited through diligent verification processes. “The high court has explicitly stated that electricity should not be supplied to unauthorized constructions,” he affirmed, noting that both Maharashtra State Electricity Distribution Company (MSEDCL) and Torrent Power are legally obligated to confirm a building’s legality before permitting…

IndustryLatest Stories

Mumbai: SRA Gathers ₹1,386 Crore Rent from Builders in 3 Years

Representative image created by AI MUMBAI: In a significant effort to tackle builders who are defaulting on rent payments to slum dwellers, the Slum Rehabilitation Authority (SRA) has successfully collected dues amounting to Rs 1,386 crore over the past three years. This includes Rs 601 crore from regular schemes, Rs 134 crore from an amnesty program, and Rs 650 crore due to a new directive mandating builders to prepay two years of rent to the agency. According to SRA data, out of the Rs 880 crore owed from regular projects, Rs 279 crore remains uncollected. Additionally, the outstanding amount from…

IndustryLatest Stories

Sunteck Realty to Co-Develop 3.5 Acres in Mumbai

Representative image NEW DELHI: Sunteck Realty (SRL) has secured a joint development agreement (JDA) for a project on approximately 3.5 acres (13,500 sq meters) of land in Mira Road, Mumbai. The company forecasts a saleable area of about 5.5 lakh sq ft from this development. The estimated gross development value (GDV) of the project is around ₹1,200 crore. Published On Jul 23, 2025 at 06:21 PM IST Join 2M+ industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Access ETRealty industry news on your smartphone!

IndustryLatest Stories

Invesco Sells Oberoi Realty, Lodha Shares for ₹3,202 Cr

Representative image created by AI NEW DELHI: Investment management firm Invesco has sold over 2 crore shares of real estate companies Oberoi Realty and Lodha Developers for a total of ₹3,202 crore through open market transactions. The US-based firm, via its affiliate Invesco Developing Markets Fund, divested a little over 1 crore equity shares—2.95% of its stake in Oberoi Realty, according to bulk deal data from the BSE. Shares were sold at ₹1,754.26 each, totaling roughly ₹1,883.21 crore. As of the June quarter, Invesco Developing Markets Fund held a 3.01% stake in Oberoi Realty. In a separate transaction on the…

IndustryLatest Stories

Aditya Birla Real Estate Reports ₹47.30 Crore Loss in Q1 FY26

NEW DELHI: Aditya Birla Real Estate (previously known as Century Textiles) has reported a consolidated net loss of ₹47.30 crore for Q1 of the financial year 2025-26. This is a significant drop compared to a profit after tax of ₹9.86 crore reported in the same quarter last fiscal, according to a BSE filing. The company’s net consolidated total income for Q1 FY26 was ₹157.41 crore, reflecting a decline of 56.90% from ₹365.24 crore in the corresponding quarter the previous year. As of June 30, 2025, the company reported a net worth of ₹3,835.56 crore, with a debt-equity ratio of 1.32,…