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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..