Mysuru Development Body to Auction Premium Sites
ECONOMY & POLICY

Mysuru Development Body to Auction Premium Sites

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.

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.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?