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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code