Indore development body nods Rs 1,207 cr for town planning projects

17 Feb 2022 CW Team

The Board of Indore Development Authority (IDA) approved infrastructure development works of Rs 1,207.39 crore of five Town Planning Scheme (TPS) projects proposed over 1,700 acres.

The scheme includes the Town Planning Scheme (TPS) 1 of Village Khajrana worth Rs 75.01 crore, TPS-3 of Village Talawali Chanda, Arandiya, Mayakhedi worth Rs 150.34 crore, TPS-4 of Village Nipania and Kanadiya worth Rs 129.05 crore, TPS-5 of Village Kanadiya worth Rs 201.94 crore, and TPS-8 of Village Bhaurasala, Kumedi and Bhagya worth Rs 851.05 crore.

According to a statement, the administrative approval excludes external power development expenditure. This approval opens the way for the overall development of Indore.

The Board meeting was chaired by the new Chairman, Jaypal Singh Chawda. Collector Manish Singh, municipal commissioner Pratibha Pal, CEO of IDA, Vivek Shrotriya and other officials were also present.

According to a source, around 8,500 plots were allotted in favour of the cooperative housing societies, which are involved in several schemes of the IDA.

Another important decision that was taken was the renewal of lease deeds. The landlords have been freed from the requirement of no-objection by the housing cooperative societies. It will ease the lease renewal and make the work of landlords easier.

Image Source

Also read: Sanjay Puri designs stepped green roof for Prestige University

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..