Karnataka’s decision to relax building norms under the Karnataka Industrial Areas Development Board (KIADB), allowing a floor area ratio (FAR) of up to 5.2 through premium payments, is set to significantly reshape Bengaluru’s skyline. The move is expected to spur large-scale expansion across industrial, commercial and residential projects along the state’s industrial corridors. By permitting […]
NEW DELHI: India and Germany on Monday finalised measures to deepen economic and security cooperation, including a roadmap for defence industrial collaboration, with Prime Minister Narendra Modi and Chancellor Friedrich Merz describing the two countries as natural partners in a world grappling with geopolitical upheaval and uncertainty. German Chancellor Friedrich Merz with Prime Minister Narendra Modi during […]
The Uttar Pradesh cabinet on Tuesday approved a proposal for a major reform simplifying intra-family transfers by extending the stamp duty relief to gift deeds among family members even for commercial and industrial properties. Chief minister Yogi Adityanath presided over the meeting of the UP cabinet that approved 13 proposals. (HT file) Chief minister Yogi […]
New Delhi, Dec 29 (PTI) Horizon Industrial Parks, backed by global private equity firm Blackstone, on December 29 filed preliminary papers with markets regulator Sebi to raise ₹2,600 crore through an initial public offering (IPO). Horizon Industrial Parks, backed by global private equity firm Blackstone, on December 29 filed preliminary papers with markets regulator Sebi […]
India’s industrial growth in November was the fastest in two years, on the back of strong manufacturing and mining activity. India’s industrial output in April-November grew 3.3% as compared to a revised increase of 4.1% a year earlier, according to government data. (Mint Archives) The index of industrial production (IIP)—which measures factory output in the […]
Bengaluru-based real estate developer Sumadhura Group has signed a Memorandum of Understanding (MoU) with the Telangana government to invest ₹600 crore in developing a 100-acre Grade A industrial and warehousing park, the company said in a statement on December 10. Bengaluru-based Sumadhura Group has signed an MoU with the Telangana government to invest ₹600 crore […]
Global industrial real estate leader Panattoni and Kerala-based Edayar Zinc Ltd on November 5 announced a partnership to develop a Grade A+ multi-client logistics and industrial park in Edayar Industrial Area, Kochi, with a total investment of ₹800 crore. Global industrial real estate leader Panattoni and Kerala-based Edayar Zinc Ltd on November 5 announced a […]