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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..