IDA approves 5 schemes to develop residential, commercial properties
Real Estate

IDA approves 5 schemes to develop residential, commercial properties

The Board of Directors (BoD) of Indore Development Authority (IDA) has approved new five schemes for developing residential and commercial properties along with major roads of around Rs 1,750 crore.

The administrative sanction has been given to develop two flyovers at Khajrana and Luv Kush Square at Rs 137.50 crore.

Chairman of IDA, Jaypal Singh Chawdan, said that the Board of Directors had approved developing five new schemes after clearing around 700 claims and objections.

He added that the authority had sent the proposals to the state government for approval. The five schemes are town planning scheme TPS-1, TPS-3, TPS-4, TPS-5 and TPS-8 and might start by June while prioritising road projects.

Additionally, the development scheme will also include 29 km of road development.

According to the proposal, TPS-1 will be developed in 49.079 hectares area in Khajrana at Rs 145.73 crore, TPS-3 will be developed in 143.382 hectares area in Lasudia Mori, Talawali Chanda, Arandiya and Mayakhedi area at Rs 335.5 crore. TPS-4 has 85.387 hectares of land for residential, transportation and a master plan road at Rs 215.83 crore.

TPS-5 will include residential plots and master plan road in 159.544 hectares of land in Kanadia area at Rs 346.96 crore, TPS-8 in 301.842 hectares land in Bhawrasala, Kumedi, Bhangya, Kailodhala, Sudiyamori, Talawali Chanda, Shakarkhedi and Arandiya village at Rs 706.67 crore.

In the board meeting, the directors, including collector Manish Singh, IMC Commissioner Pratibha Pal and CEO of IDA Vivek Shrotriya, were present and approved Rs 57.5 crore to develop a six-lane bridge at Khajrana Square. Moreover, a six-lane flyover at Luv Kush Square will be developed.

The IDA officials are examining the feasibility to develop nine flyovers at the key squares of the city to help ease traffic congestion.

Image Source

Also read: Indore Smart City CEO: Tenders to be floated for installing LED lights

The Board of Directors (BoD) of Indore Development Authority (IDA) has approved new five schemes for developing residential and commercial properties along with major roads of around Rs 1,750 crore. The administrative sanction has been given to develop two flyovers at Khajrana and Luv Kush Square at Rs 137.50 crore. Chairman of IDA, Jaypal Singh Chawdan, said that the Board of Directors had approved developing five new schemes after clearing around 700 claims and objections. He added that the authority had sent the proposals to the state government for approval. The five schemes are town planning scheme TPS-1, TPS-3, TPS-4, TPS-5 and TPS-8 and might start by June while prioritising road projects. Additionally, the development scheme will also include 29 km of road development. According to the proposal, TPS-1 will be developed in 49.079 hectares area in Khajrana at Rs 145.73 crore, TPS-3 will be developed in 143.382 hectares area in Lasudia Mori, Talawali Chanda, Arandiya and Mayakhedi area at Rs 335.5 crore. TPS-4 has 85.387 hectares of land for residential, transportation and a master plan road at Rs 215.83 crore. TPS-5 will include residential plots and master plan road in 159.544 hectares of land in Kanadia area at Rs 346.96 crore, TPS-8 in 301.842 hectares land in Bhawrasala, Kumedi, Bhangya, Kailodhala, Sudiyamori, Talawali Chanda, Shakarkhedi and Arandiya village at Rs 706.67 crore. In the board meeting, the directors, including collector Manish Singh, IMC Commissioner Pratibha Pal and CEO of IDA Vivek Shrotriya, were present and approved Rs 57.5 crore to develop a six-lane bridge at Khajrana Square. Moreover, a six-lane flyover at Luv Kush Square will be developed. The IDA officials are examining the feasibility to develop nine flyovers at the key squares of the city to help ease traffic congestion. Image Source Also read: Indore Smart City CEO: Tenders to be floated for installing LED lights

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement