Prices of Mysuru development body sites auctioned online

10 Oct 2023 CW Team

The recent revision of property guidance values is poised to affect the pricing dynamics of corner and intermediate sites available for auction through the Mysuru Urban Development Authority (MUDA). While authorities have indicated that the quantity of auctioned sites won't be significantly affected, they acknowledge the likelihood of a slight price increase.

In a recent auction organized by the urban body, approximately 100 sites were listed for sale. Notably, the base price for two corner sites in Vijay Nagar IV stage was established at Rs 3.5 crore and Rs 2.9 crore, while four intermediate sites were priced at Rs 1.6 crore.

However, real estate experts have pointed out that the market price for sites in the same locality is significantly higher, ranging from around Rs 4.5 to 5,000 per square foot.

The adjustment in guidance values is expected to introduce changes in the pricing landscape, potentially influencing the cost of properties in the region. While the impact may not be drastic, it underscores the importance for prospective buyers and investors to stay informed about these property value fluctuations during MUDA's auctions.

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..