Mixed reactions to Margao Master Plan proposal

10 Oct 2023 CW Team

The proposal for a master plan for Margao by the Goa State Urban Development Agency (GSUDA) has sparked concerns, especially considering a similar initiative launched in 2013-14 that never materialised.

Prior to Chief Minister Manohar Parrikar's departure to assume the role of Defence Minister, the government had commissioned a Spain-based design firm to create a master plan for Margao. Substantial groundwork had been initiated, with engineers from the consultancy firm conducting four visits to Margao to understand its developmental needs and gather input. Interactions were held with various government bodies such as PWD, SGPDA, land survey department, and traffic police to address Margao's developmental challenges.

However, the change in government leadership in November 2014 led to the master plan being put on hold. Ambitious ideas for Margao's development, including completing the ring road project, resolving issues on the eastern bypass highway at Nuvem, constructing a western bypass from Verna to Navelim, establishing a transport terminus, creating green spaces, recreation zones, cycling tracks, and pedestrian streets, remained unrealised.

The Shadow Council for Margao, notably architect Carlos Gracias, has expressed reservations about GSUDA's master plan initiative. Gracias questioned the necessity of a new master plan when an Outline Development Plan (ODP) already exists. According to him, the law mandates the preparation of a Comprehensive Development Plan (CDP) rather than another parallel planning effort.

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..