Uttar Pradesh intends to build 100 townships in five years

03 Jan 2023 CW Team

The government of Uttar Pradesh anticipates tremendous expansion in metropolitan areas, and during the next five years, plans to establish 100 new townships. Out of the 29 development authorities in the state, the larger ones covering Lucknow, Kanpur, Prayagraj, Meerut, Agra, Varanasi, Ghaziabad, Gorakhpur, Meerut, Mathura, Moradabad, and Bareilly will have to set up at least four townships, while the remaining ones have been given the task of setting up two.

In its presentation to the government in September, the Department of Housing and Urban Planning made a compelling argument for building more homes in urban areas hinting that housing units at fair prices will be needed. Senior department officials stated that 27 township locations have already been chosen, and the remaining bids will be available by January 5 of the following year.

Housing Commissioner Ranvir Prasad clarified that “In Lucknow, Mathura, and Kannauj, the board is the process of building new townships more cities are being identified as well where the land needs to aggregated for building townships.”

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..