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Centre to Review Real Estate Act

The Central government is set to conduct a review of the Real Estate (Regulation and Development) Act (RERA), which was introduced eight years ago to bring transparency, accountability, and fairness to the real estate sector. The review aims to evaluate the enforcement of orders issued by RERA authorities and assess the overall impact of the act in protecting the interests of homebuyers while ensuring a fair regulatory environment for developers. As part of the review, the Centre has sought detailed reports from state-level RERA authorities on the current status of enforcement, focusing on the..

IndoSpace to Invest Rs.4,500 Crore

IndoSpace, one of India's leading developers of industrial and logistics parks, has announced plans to invest  Rs.4,500 crore in establishing new logistics parks across Tamil Nadu. This significant investment aims to boost the state's industrial growth by enhancing warehousing and supply chain infrastructure. The logistics parks will cater to the growing demand for efficient storage and transportation facilities in various sectors, including e-commerce, automotive, and manufacturing, which rely heavily on seamless logistics operations. The new logistics parks are expected to spread acros..

Cement Firms Compete for HeidelbergCement Stake

Several leading cement firms are competing to acquire a controlling stake in HeidelbergCement India as the German parent company, HeidelbergCement AG, considers selling its Indian operations. With this potential sale, major players in the cement industry are vying for the opportunity to expand their market presence and gain a strategic foothold in one of the world’s fastest-growing construction markets. The sale has attracted substantial interest from key industry players due to the strategic importance of HeidelbergCement India’s assets. These include production plants located in prime re..