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.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..