New Ayodhya project to be launched in next 2 months by UP government

29 Mar 2023 CW Team

According to a top official, the Uttar Pradesh government plans to begin construction on the 1,400- acre New Ayodhya project within the next two months, in order to transform the temple town of Ayodhya into a popular destination for modern religious travellers. In two phases, the UP Housing Board would purchase large portions of land in the Ayodhya district. For the required approvals, coordination with the state's real estate regulator, the UP Real Estate Regulatory Authority (RERA), has already started.

The development of new urban centres with the aid of private investment is urgently required, according to Nitin Ramesh Gokarn, Principal Secretary for UP Housing and Urban Development. He declared that the government will set up a cooperation system for a model of sustainable development. In addition to plots for commercial activity, the New Ayodhya township will include homes, guest rooms, hotels, warehouses, religious, and cultural centres.

The Yogi Adityanath administration is moving forward with the infrastructure and development projects in the temple town as the Ayodhya international airport project is swiftly approaching completion and the Lord Ram temple is anticipated to be finished by September. A number of infrastructure and development projects totalling Rs 4.65 billion for Ayodhya were recently approved by the Yogi Cabinet. As the flagship projects are completed, the temple town is projected to experience a significant increase in visitor numbers. More than 20 million tourists visited Ayodhya in the first half of 2022.

According to the Ayodhya Vision 2047 theme, the anticipated cost to the exchequer of modernising Ayodhya is Rs 300 billion. The state and federal governments would invest the money in roughly 260 projects in the fields of tourism, aviation, infrastructure, housing, medicine, energy, culture, urban development, transportation, etc.

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..