Indore Development Authority earns Rs 141 cr by selling big plots
Real Estate

Indore Development Authority earns Rs 141 cr by selling big plots

The Indore Development Authority (IDA) earned Rs 141 crore of income by selling its big plots located near Brilliant Convention Centre in Scheme 78 and some other schemes.

As per IDA’s CEO Vivek Shrotriya, on Monday, the authority earned Rs 141 crore of income by selling its big plots located near Brilliant Convention Centre in Scheme 78 and some other schemes. Besides, IDA’s properties on Super Corridor are additionally drawing high offers in the auction.

IDA officials are contemplating using its income as part of the estimated budget 2022-23 to initiate works on as many as seven new schemes and at least four flyovers.

IDA has received the needed sections to build its two planned schemes – TPS 9 and TPS 10 while the authority has already provided principal approval of a total of Rs 1,207.39 crore for creating five schemes - TPS-1, TPS-3, TPS-4, TPS-5 and TPS-8 along with developing as many as four flyovers at Khajrana, Tantya Bhil Square (Bhawarkuan), Mhow Naka and Luvkush Square by spending Rs 300 crores on it.

Indore Development Authority (IDA’s) board of directors had passed an estimated budget of Rs 524 Crore for 2021-22. Against the same, IDA authorities are claiming to have registered a considerable increase in its revenue in the current financial year while the same trend is likely to continue in years to come with the authority working on new residential and commercial projects and therefore, IDA is likely to present an estimated budget close to Rs 800-1,000 Crore for 2022-23.

Excited over obtaining high costs of its properties developed in different schemes, the Indore Development Authority (IDA) is anticipating at least a 100% increase in its income in the current financial year and a similar boost in the estimated budget for 2022-23.

Image Source

Also read: IDA approves 5 schemes to develop residential, commercial properties

The Indore Development Authority (IDA) earned Rs 141 crore of income by selling its big plots located near Brilliant Convention Centre in Scheme 78 and some other schemes. As per IDA’s CEO Vivek Shrotriya, on Monday, the authority earned Rs 141 crore of income by selling its big plots located near Brilliant Convention Centre in Scheme 78 and some other schemes. Besides, IDA’s properties on Super Corridor are additionally drawing high offers in the auction. IDA officials are contemplating using its income as part of the estimated budget 2022-23 to initiate works on as many as seven new schemes and at least four flyovers. IDA has received the needed sections to build its two planned schemes – TPS 9 and TPS 10 while the authority has already provided principal approval of a total of Rs 1,207.39 crore for creating five schemes - TPS-1, TPS-3, TPS-4, TPS-5 and TPS-8 along with developing as many as four flyovers at Khajrana, Tantya Bhil Square (Bhawarkuan), Mhow Naka and Luvkush Square by spending Rs 300 crores on it. Indore Development Authority (IDA’s) board of directors had passed an estimated budget of Rs 524 Crore for 2021-22. Against the same, IDA authorities are claiming to have registered a considerable increase in its revenue in the current financial year while the same trend is likely to continue in years to come with the authority working on new residential and commercial projects and therefore, IDA is likely to present an estimated budget close to Rs 800-1,000 Crore for 2022-23. Excited over obtaining high costs of its properties developed in different schemes, the Indore Development Authority (IDA) is anticipating at least a 100% increase in its income in the current financial year and a similar boost in the estimated budget for 2022-23. Image Source Also read: IDA approves 5 schemes to develop residential, commercial properties

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?