MPIDC to develop residential blocks in industrial areas
Real Estate

MPIDC to develop residential blocks in industrial areas

The Madhya Pradesh Industrial Development Corporation (MPIDC) is considering the development of residential complexes for workers in industrial areas, particularly those emerging on the outskirts of cities. The state's industry department is currently planning the construction of residential blocks in the Vikram Udhyogpuri industrial area in Ujjain and the Mandideep industrial area in Bhopal.

According to MPIDC Managing Director Chandramauli Shukla, residential zones within industrial belts will be developed to house the workforce and meet the needs of industries. This will help create a supportive ecosystem for industries, especially those located far from the main urban centres.

MPIDC is set to begin the tender process for developing residential blocks in the state's industrial belts, initially focusing on select industrial areas with high occupancy. These developments will cater to both the housing needs of the workforce and the space requirements for industries.

Additionally, MPIDC's Indore office has submitted a proposal to develop over 1,000 residential flats in Pithampur's Sector 1 and Sector 6. The project will include units for Economically Weaker Sections (EWS), studio apartments, 2 BHK, and 3 BHK flats, with an estimated construction cost of ?2.11 billion, excluding the cost of land.

Pithampur, home to more than 1,000 industries, is estimated to need approximately 15,000-20,000 houses for workers. Pithampur Audhyogik Sanghatan president Gautam Kothari commented that housing is a basic necessity for any industrial area. He noted that many workers currently commute from Indore and Dewas but would prefer to live in Pithampur if a proper ecosystem and adequate facilities were in place.

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The Madhya Pradesh Industrial Development Corporation (MPIDC) is considering the development of residential complexes for workers in industrial areas, particularly those emerging on the outskirts of cities. The state's industry department is currently planning the construction of residential blocks in the Vikram Udhyogpuri industrial area in Ujjain and the Mandideep industrial area in Bhopal. According to MPIDC Managing Director Chandramauli Shukla, residential zones within industrial belts will be developed to house the workforce and meet the needs of industries. This will help create a supportive ecosystem for industries, especially those located far from the main urban centres. MPIDC is set to begin the tender process for developing residential blocks in the state's industrial belts, initially focusing on select industrial areas with high occupancy. These developments will cater to both the housing needs of the workforce and the space requirements for industries. Additionally, MPIDC's Indore office has submitted a proposal to develop over 1,000 residential flats in Pithampur's Sector 1 and Sector 6. The project will include units for Economically Weaker Sections (EWS), studio apartments, 2 BHK, and 3 BHK flats, with an estimated construction cost of ?2.11 billion, excluding the cost of land. Pithampur, home to more than 1,000 industries, is estimated to need approximately 15,000-20,000 houses for workers. Pithampur Audhyogik Sanghatan president Gautam Kothari commented that housing is a basic necessity for any industrial area. He noted that many workers currently commute from Indore and Dewas but would prefer to live in Pithampur if a proper ecosystem and adequate facilities were in place.

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