Single Bid Received for 18,000 Sq. Metre Land in Indore

29 Mar 2024 CW Team

The Indore Municipal Corporation has received only a single bid for an 18,000 square metre land parcel, signalling limited interest from potential buyers. This development underscores challenges in the real estate market and highlights the need for innovative strategies to attract investors and stimulate development in the region.

The receipt of only one bid for the sizable land parcel reflects prevailing market conditions and investor sentiment in Indore. Despite the city's growth potential and strategic location, factors such as economic uncertainties or regulatory concerns may have contributed to the subdued response from potential buyers.

The Indore civic body's efforts to auction the land parcel demonstrate its commitment to leveraging available assets for urban development and revenue generation. However, the limited response underscores the importance of exploring alternative approaches to maximise the value of public land and promote investment in the city.

Moving forward, it becomes essential for the Indore Municipal Corporation to evaluate market dynamics and identify strategies to enhance investor confidence and attract more bids for land parcels. This may involve addressing regulatory hurdles, improving infrastructure, or offering incentives to potential buyers to stimulate interest in real estate investments.

Overall, the receipt of a single bid for the 18,000 square metre land parcel highlights the need for proactive measures to revitalise the real estate market in Indore and unlock its full potential for sustainable growth and development. As the city continues to evolve, innovative strategies and collaborative efforts will be crucial in driving investment and fostering economic prosperity.

Technology

28 Aug 2025

Godrej Enterprises Group Launches SafeLog IoT Solution for Forklifts

Godrej Enterprises Group (GEG), through its Material Handling Equipment (MHE) business, has introduced SafeLog – Vehicle Monitoring System, an IoT-enabled solution aimed at improving safety, efficiency, and reliability in forklift operations. The system delivers real-time insights, proactive maintenance alerts, and fleet analytics, enabling businesses to reduce unplanned downtime by 10 per cent and enhance asset utilisation by 15 per cent. Integrated into GEG’s forklift range, SafeLog is designed for seamless scalability and reliability, even in low-connectivity environments. Data is ..

Garuda Aerospace Hosts Defence Officers at New Chennai Facility

Garuda Aerospace, backed by M.S. Dhoni, hosted officers from the College of Defence Management (CDM), Hyderabad, at its newly inaugurated manufacturing facility in Chennai. The visit underscored the growing collaboration between India’s defence sector and its emerging drone industry, highlighting the role of unmanned aerial vehicles (UAVs) in modern defence operations. Officers and trainees toured the Drone Assembly and Quality Assurance Zone, R&D and Simulation/Testing Rooms, and the RPTO Training Facility. They gained exposure to Garuda’s production, simulation, and pilot traini..

Man Structurals Completes Katni Grade Separator Project Trial Run

Man Structurals has marked a milestone with the successful trial run of the Katni Grade Separator Project on July 19, 2025. Executed by IRCON under the West Central Railway Zone, the project is among Asia’s longest grade separator bridges. The company’s role in the UP Line trial received recognition from the Hon’ble Minister of Railways, Shri Ashwini Vaishnaw. “It’s an honour to contribute to a project of national importance,” said Gaurav Rungta, Managing Director, Man Structurals. “Being part of such a transformative initiative and receiving recognition at the highest level..