Mysuru Development Body to Auction Premium Sites

20 Mar 2024 CW Team

The Mysuru Urban Development Authority (MUDA) is gearing up to conduct an auction for 200 premium sites, collectively valued at approximately Rs 400 crore. This initiative reflects MUDA's efforts to unlock the potential of prime real estate and generate revenue for urban development projects in Mysuru.

The auction will feature a diverse range of premium sites located across strategic locations in Mysuru, offering lucrative opportunities for developers and investors. These sites are expected to attract significant interest from both local and national players keen on capitalising on Mysuru's growing real estate market.

MUDA's decision to auction premium sites underscores its commitment to promoting transparent and fair practices in real estate transactions. By conducting auctions, MUDA aims to ensure equitable access to prime land parcels while maximising revenue for urban infrastructure development.

The auction of 200 premium sites is anticipated to inject momentum into Mysuru's real estate sector and stimulate economic activity in the region. It presents an opportunity for developers to acquire high-value land assets and embark on prestigious residential or commercial projects.

Furthermore, the auction aligns with MUDA's broader vision of fostering sustainable and inclusive urban development in Mysuru. The proceeds generated from the auction will be channelized towards funding key infrastructure projects, enhancing civic amenities, and improving the overall quality of life for residents.

Overall, MUDA's initiative to auction premium sites underscores the organisation's proactive approach to leveraging real estate assets for the benefit of Mysuru's urban landscape. As the auction proceeds, it is expected to catalyse growth, attract investments, and pave the way for transformative developments in the city.

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..