NHAI to offer land along National Highways for realty development

17 Feb 2022 CW Team

An official said NHAI plans to offer the land to the housing ministry for building hotels, warehousing centres and affordable housing projects alongside the NHs.

NHAI has offered land to the ministries and departments at concessional rates. It has a dual objective, such as better monetisation of land banks and pushing economic growth.

The Ministry of Road Transport and Highway (MoRTH) said the authority acquires land to build highways and additional land to be used for peripheral activities related to the NHs.

These land banks of NHAI, alongside highways, generally make way for public amenities, including retail shops, restaurants and Automated Teller Machines (ATMs). Such land banks would now also be offered for real estate development, touching pilgrimage sites and other places of tourist interest.

According to an official, the real estate projects will include affordable properties. Affordable housing has been a key focus of the government. The project is expected to boost the real estate sector, which has witnessed a decline in the past few years due to currency demonetisation, liquidity and the Covid-19 pandemic.

Co-founder and Chief Executive of Agrim Housing Finance, Malcolm Athaide, said the plan to build warehousing centres and affordable housing projects along the NHs would prompt the development of many micro-regions and create good micro realty markets.

He said that it would also boost the monetisation of land alongside the NHs, which will improve the finances of NHAI. It will also create employment opportunities for both skilled and semi-skilled workforce for the overall development of many regions.

The Secretary of the Ministry of Transport, Giridhar Aramane, said a major push is being implemented for connecting tourist spots, including religious destinations, with the NHs.

Image Source

Also read: NHAI to share toll revenue with BBMP during Peenya flyover closure

The National Highways Authority of India (NHAI) is in discussion with the Ministry of Housing and Urban Affairs (MoHUA) to offer land along the National Highways (NHs), which connects tourist spots and religious sites to develop real estate projects. An official said NHAI plans to offer the land to the housing ministry for building hotels, warehousing centres and affordable housing projects alongside the NHs. NHAI has offered land to the ministries and departments at concessional rates. It has a dual objective, such as better monetisation of land banks and pushing economic growth. The Ministry of Road Transport and Highway (MoRTH) said the authority acquires land to build highways and additional land to be used for peripheral activities related to the NHs. These land banks of NHAI, alongside highways, generally make way for public amenities, including retail shops, restaurants and Automated Teller Machines (ATMs). Such land banks would now also be offered for real estate development, touching pilgrimage sites and other places of tourist interest. According to an official, the real estate projects will include affordable properties. Affordable housing has been a key focus of the government. The project is expected to boost the real estate sector, which has witnessed a decline in the past few years due to currency demonetisation, liquidity and the Covid-19 pandemic. Co-founder and Chief Executive of Agrim Housing Finance, Malcolm Athaide, said the plan to build warehousing centres and affordable housing projects along the NHs would prompt the development of many micro-regions and create good micro realty markets. He said that it would also boost the monetisation of land alongside the NHs, which will improve the finances of NHAI. It will also create employment opportunities for both skilled and semi-skilled workforce for the overall development of many regions. The Secretary of the Ministry of Transport, Giridhar Aramane, said a major push is being implemented for connecting tourist spots, including religious destinations, with the NHs. Image Source Also read: NHAI to share toll revenue with BBMP during Peenya flyover closure

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Building Material

07 Oct 2025

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Infrastructure Energy

07 Oct 2025

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..