Indore Development Authority invites developers for PPP project
At the recently held Construction World Design Build Conclave & Awards, organized by FIRST Construction Council, Ramprakash Ahirwar, CEO, Indore Development Authority invited developers to participate on a PPP basis in the Start-Up Park Project. Indore Development Authority (IDA), in its bid to make Indore a hub of startups, has announced to spend Rs 450 crore plus Rs 200 cr for land acquisition to develop a startup park in 20 acres of land on Super Corridor. IDA has also finalized and notified 10 Town Planning Schemes across 1500 Ha. Its board has approved the appointment of a consultant for the 20-acre Startup Park. The Startup Park is in Zone 1, the 430-room proposed hotel and convention centre in in Zone 2 and the IT building and shopping complex are part of Zone 3. More than 80 per cent of 4,000 professionals recruited by leading IT companies TCS and Infosys, which have set up their units in Indore's SEZ, belong to Madhya Pradesh boosting its role in the IT segment.
Madhya Pradesh Agiculture Minister Kamal Patel presented the awards to the architects and developers. He lauded the efforts of FIRST Construction Council in inspiring the building community. Developers and CREDAI Indore Secretary Sandeep Srivastava lamented that the stamp duty in Madhya Pradesh was among the highest and urged the state government to support the real estate sector. Pratap Padode, Founder and President FIRST Construction Council cited the IRIS report, “Indore has pipped other central Indian cities such as Bhopal, Varanasi, Meerut, Raipur, Nagpur and Kanpur especially in last quarter of 2022-23 where its demand has risen among the fastest,” he informed.
“Benefits of the Metro rail development will accrue to real estate 500 m on either side of the metro line as experienced by Delhi, Dubai, Paris, Hongkong and London to name a few,” he added. Ultratech Senior Vice President Jayasankar deliberated aspects of green cement, building solutions and concrete products with architects during the panel session.
Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment
Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..
Godrej Buys KPHB Land for Rs 7 Billion in E-Auction
An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..
HMDA to Auction 93 Prime Plots in September
The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..
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