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

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..