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 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..