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 Transport

19 Sep 2025

Maharashtra Approves Rs 9.31 Bn for Bhandara–Gadchiroli Expressway

The Maharashtra cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the revised design and funding of Rs 9.31 billion for the Bhandara–Gadchiroli controlled access expressway, a project expected to enhance connectivity across Vidarbha.The 94.2 km expressway, to be implemented by the Maharashtra State Road Development Corporation (MSRDC), will cut the Bhandara–Gadchiroli distance by 23 km and reduce travel time to 1.5 hours. Of the sanctioned funds, Rs 5.34 billion has been earmarked for project work and Rs 3.96 billion for interest, with land acquisition to begin shortly.The..

Waaree Energies to Offload 14.66% Stake in Indosolar via OFS

Waaree Energies, promoter of Indosolar, will sell up to 61 lakh equity shares, representing 14.66 per cent of Indosolar’s paid-up capital, through an Offer for Sale (OFS) on stock exchanges. The move is aimed at meeting SEBI’s minimum public shareholding (MPS) norms.The OFS will open for non-retail investors on September 18 (T-day), followed by retail investors on September 19 (T+1 day), through a dedicated trading window. Each share carries a face value of Rs 10.Antique Stock Broking has been appointed as the seller’s broker to manage the transaction, ensuring compliance and transparenc..

Gujarat Adds 6,632 MW Renewable Capacity in 2025

Gujarat has added 6,632 MW of renewable energy capacity between April and August 2025, taking its total installed capacity to 39,275.7 MW.The surge is driven by large-scale solar parks, hybrid solar-wind projects, and enhanced transmission infrastructure, further cementing Gujarat’s position as a renewable energy leader.Officials said the expansion supports the state’s sustainable energy goals while strengthening grid reliability and ensuring long-term energy security.News source: Bharat Aawaz ..