Indore Development Authority Unveils Rs 15.08 Bn Budget for 2025-26

28 Mar 2025 CW Team

The Indore Development Authority (IDA) has announced a budget of Rs 15.08 billion for the financial year 2025-26, projecting a profit of Rs 880.12 million. The budget emphasizes the launch of new IDA schemes along with major infrastructure and environmental improvements across the city. Key focus areas include traffic management, the development of master plan roads, electrification, water supply, sewage systems, enhancement of green cover, and air quality improvement through the creation of green belts.

In addition to core infrastructure projects, the budget has also made provisions for non-planned expenditures that cover areas such as art and culture, education, and sports. Preparations for the 2028 Simhastha Kumbh have also been prioritized, particularly the construction of flyovers on the MR-11 and MR-12 master plan roads to manage expected traffic surges during the event.

As part of long-term transport infrastructure planning, the IDA has proposed the development of two new Inter-State Bus Terminals (ISBTs). One is planned on the Bhopal bypass route, and the other on Dhar Road near Chandan Nagar. A proposal has also been made to relocate Chhawani Mandi to Morod to support urban decongestion.

The budget includes significant allocations for specific development areas: Rs 4.32 billion for road development, Rs 2.42 billion for electrification projects, Rs 2 billion for flyover construction, Rs 1.22 billion for deposit work, and Rs 380 million for enhancing greenery.

Officials present at the budget meeting included Municipal Commissioner Shivam Verma, Forest Officer Pradeep Mishra, Additional Collector Jyoti Sharma, and Joint Director of the Town and Country Planning Department Subhashish Banerjee.

News source: The Free Press Journal

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..