UP plans 1,000-acre township in Ayodhya

18 Jan 2024 CW Team

The Uttar Pradesh government has planned a 1,000-acre township in Ayodhya that will be a blend of contemporary and traditional architectural elements, Nitin Gokarn, the state's additional chief secretary for housing and urban development.

The 'New Ayodhya', for which the state government has already secured land, will be India's first vastu-based township, he said.

With the Ram Mandir's inauguration set for January 22, developers are lining up to acquire land in the region for commercial and residential development.

"New Ayodhya City is going to be a river-centric city with a focus on sustainability," said Gokarn. "It is going to be in one of the best cities in the county."

The senior official said they recently auctioned a plot for a hotel, where the reserve price was Rs 88,000 per sqm, and the successful bid was for Rs 108,000 sqm.

"We are witnessing significant demand. We have initiated registrations for the state guest house, and subsequently, the commercial development plots will be put up for auction," said Gokarn. "There is a shortage of clean properties, and the government is committed to assisting developers in acquiring such land."

Land prices and property-related transactions in the city have shot up by 50% since the groundbreaking ceremony for a grand temple to Ram was performed in August 2020.

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..