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.”

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..