Ghaziabad Development Authority approves Master Plan 2031

09 Sep 2024 CW Team

After nearly two years of discussions, the Ghaziabad Development Authority (GDA) board has approved the draft of the unified Master Plan 2031, covering Ghaziabad, Loni, and Modinagar/Muradnagar. The plan outlines the development of approximately 33,543 hectares, with Ghaziabad accounting for 18,687 hectares, Modinagar 6,874 hectares, and Loni 7,980 hectares.

To accommodate a projected population of 4.8 million by 2031, the GDA has allocated 39.8% of the land (12,873 hectares) for residential purposes and 2.2% (702 hectares) for commercial use. Transit-oriented development (TOD) zones are also included along the rapid rail and metro corridors, with a Special Development Area planned near the Duhai RRTS depot.

The master plan draft will now be sent to the state government for final approval. Initially, the plan faced delays, including the need to integrate TOD zones and address public objections. After multiple revisions, the GDA addressed concerns raised by the state government and divisional commissioner, ensuring the city's comprehensive development along key infrastructure routes like rapid rail, metro, and expressways.

(ET)

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..