Delhi's 2041 master plan offers $ 100 bn opportunity

21 Sep 2023 CW Team

The think tank reported that the Delhi Master Plan 2041, which is still pending final government clearance, was expected to generate economic opportunities totalling $ 100 billion over the next two decades. According to the analysis by the think tank, Delhi Consortium, it was anticipated that the Delhi Master Plan would unlock real estate opportunities in 165 Delhi villages. This had the potential to raise Delhi's per capita income to Rs 0.4 million, marking a 47% increase from the Rs 02.72 million per capita income reported in the 2022-23 Economic Survey of Delhi.

The founder-director of the think tank, Ramesh Menon, pointed out that there was an urgent need for the approval of Delhi Master Plan 2041. He mentioned that the Delhi Land Reforms Act 1954 posed the largest obstacle to the planned development of Delhi. He also expressed concern about the discretionary use of the 1954 law by administrative officers in the revenue department, which did not instill confidence among stakeholders.

Also read:

MMRDA plans 350 sq km Town in Mumbai Harbour

Dwarka comes up with mega convention space, Yashobhoomi

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..