Bengaluru Body to Develop Six More Layouts under PRR-2 Project

03 Jan 2025 CW Team

The Bengaluru Development Authority (BDA) has announced plans to develop six new layouts as part of the Peripheral Ring Road-2 (PRR-2) project. In order to achieve this, the BDA is preparing to acquire land from various villages in the region.

An official stated that preliminary notifications for land acquisition for the proposed layouts aligned with the PRR-2 project had not yet been issued. The BDA had instructed teams, led by land acquisition officers, to identify suitable land in the villages, coordinate with engineers, and gather necessary details such as land ownership, plot dimensions, maps, and other records.

Approximately 3,000 hectares of government and private land will be acquired for the project, subject to ongoing surveys. The areas identified for acquisition include BM Kaval, Gulikamale, Kaggalipura, OB Choodanahalli, Agara, Uttari, Devagere, Gudimavu, and Kambipura Gangasandra, among others. Farmers whose land is acquired will receive compensation under the 40:60 ratio model.

Under this plan, 40 per cent of the compensation for landowners will be provided as developed plots in the new layouts created by the BDA. According to BDA rules, landowners will be allotted plots in the same layout. The pricing for these plots will be determined after the development is completed. The BDA is targeting the creation of 50,000 new sites to meet the high demand for residential plots. The success of this initiative is expected to enhance urban infrastructure and provide a boost to Bengaluru’s real estate market, the official added.

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..

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..

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..