Maharashtra Gains Rs 6.40 Bn from Land Conversion

21 Feb 2024 CW Team

Maharashtra has generated Rs 6.40 billion over the past five years through the conversion of collector land. The revenue generated underscores the state's utilisation of land conversion as a financial avenue, contributing to its fiscal resources.

The revenue from land conversion highlights Maharashtra's strategic approach to managing its land assets. The conversion process allows the state to unlock the economic potential of collector land, converting it into a valuable resource for development and generating funds for various initiatives.

The substantial revenue figure reflects the importance of land conversion as a financial instrument for the state. Maharashtra's ability to capitalise on its land assets through conversion aligns with its broader economic and developmental goals, leveraging available resources for sustained growth.

Land conversion is a key aspect of land-use planning, enabling the state to allocate land for diverse purposes, including commercial, residential, and industrial developments. The revenue generated contributes to the state's ability to fund infrastructure projects, public services, and other developmental activities.

As Maharashtra continues to explore avenues for economic growth and resource mobilisation, the successful implementation of land conversion demonstrates its commitment to optimising land assets for the benefit of the state and its residents.

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..