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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..