BDA Initiates Land Acquisition for Comprehensive City Development

01 Mar 2024 CW Team

In a move set to reshape the urban landscape of Bhubaneswar, the Bhubaneswar Development Authority (BDA) has embarked on a transformative journey by initiating the acquisition of 1,845 acres of private land for a comprehensive City Development Project (CDP). This ambitious undertaking aims to address evolving urban needs, fostering sustainable development and enhancing the overall quality of life in the city.

The expansive scale of the land acquisition signals a commitment to holistic urban planning, providing ample space for infrastructural development, green initiatives, and community-centric facilities. As Bhubaneswar continues to grow as a hub of economic and cultural significance, the CDP project emerges as a pivotal strategy to accommodate the rising demands of a dynamic and expanding population.

While the specifics of the CDP are yet to be fully unveiled, this proactive move by the BDA signifies a strategic approach to urban development, emphasising the need for a well-thought-out and inclusive city planning process. As Bhubaneswar positions itself for the future, the acquisition of private land for the CDP project stands as a testament to the city's dedication to progress and its vision for a sustainable and thriving urban environment.

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..