IDA approves 5 schemes to develop residential, commercial properties

10 Mar 2022 CW Team

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

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..