Centre Approves Rs 118 Bn Expansion for Five New IITs

12 May 2025 CW Team

The investment, to be made over four years from 2025–26 to 2028–29, supports Phase-B construction aimed at enhancing academic and infrastructure capacity. The plan also includes the creation of 130 new professor-level faculty posts (Level 14 and above).

As part of the initiative, five state-of-the-art research parks will be developed to promote industry-academia collaboration.

Student Expansion Targets:

The student intake across undergraduate, postgraduate, and PhD programmes will grow by over 6,500 across four years, with year-wise increases of 1,364 in the first year, 1,738 in the second, 1,767 in the third, and 1,707 in the fourth.

Currently accommodating 7,111 students, these five IITs will support a total of 13,687 students once expansion is complete.

Employment and Economic Impact:

The expansion will generate direct employment through faculty, administration, and research appointments. Indirect economic benefits are also expected in surrounding areas through increased demand for housing, transport, and local services. The additional graduates are anticipated to contribute significantly to India’s innovation, startup ecosystem, and skilled workforce.

National Reach:

Although located in specific states, these IITs admit students from across the country, ensuring the benefits of the expansion reach every region.

Budget Context:

As announced in the Union Budget 2025–26, the total number of students in all 23 IITs has doubled over the past decade—from 65,000 to 135,000. The new infrastructure will accommodate an additional 6,500 students in the five IITs established after 2014.

Background:

IITs in Palakkad and Tirupati began operations in 2015–16, followed by Bhilai, Jammu, and Dharwad in 2016–17. All five are now functioning from their permanent campuses and are poised for the next phase of growth under this centrally funded initiative.

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a Rs 118.29 billion expansion plan for five Indian Institutes of Technology (IITs) established post-2014. These include IIT Tirupati (Andhra Pradesh), IIT Palakkad (Kerala), IIT Bhilai (Chhattisgarh), IIT Jammu (Jammu & Kashmir), and IIT Dharwad (Karnataka).The investment, to be made over four years from 2025–26 to 2028–29, supports Phase-B construction aimed at enhancing academic and infrastructure capacity. The plan also includes the creation of 130 new professor-level faculty posts (Level 14 and above).As part of the initiative, five state-of-the-art research parks will be developed to promote industry-academia collaboration.Student Expansion Targets:The student intake across undergraduate, postgraduate, and PhD programmes will grow by over 6,500 across four years, with year-wise increases of 1,364 in the first year, 1,738 in the second, 1,767 in the third, and 1,707 in the fourth.Currently accommodating 7,111 students, these five IITs will support a total of 13,687 students once expansion is complete.Employment and Economic Impact:The expansion will generate direct employment through faculty, administration, and research appointments. Indirect economic benefits are also expected in surrounding areas through increased demand for housing, transport, and local services. The additional graduates are anticipated to contribute significantly to India’s innovation, startup ecosystem, and skilled workforce.National Reach:Although located in specific states, these IITs admit students from across the country, ensuring the benefits of the expansion reach every region.Budget Context:As announced in the Union Budget 2025–26, the total number of students in all 23 IITs has doubled over the past decade—from 65,000 to 135,000. The new infrastructure will accommodate an additional 6,500 students in the five IITs established after 2014.Background:IITs in Palakkad and Tirupati began operations in 2015–16, followed by Bhilai, Jammu, and Dharwad in 2016–17. All five are now functioning from their permanent campuses and are poised for the next phase of growth under this centrally funded initiative.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Real Estate

05 May 2026

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Technology

05 May 2026

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..