Indore Development Authority invites developers for PPP project
Real Estate

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.

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.

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?