Ponda Civic Body to Lease Market Complex Following Unsuccessful Auctions

06 Nov 2024 CW Team

The Ponda Municipal Council (PMC) has made the decision to lease its entire new market complex located at Budhwar Peth (Upper Bazar) to a single entity. This decision follows the inability to attract bidders in six separate auctions for individual shops within the complex, as stated by PMC chairperson Anand Naik.

The market complex, which was inaugurated in December 2011, has been underutilized, with only 29 out of 154 shops currently occupied. Despite multiple auction attempts, PMC has struggled to find tenants for the remaining shops for over a decade.

PMC officials expressed that leasing the entire complex would generate revenue and help cover operational expenses. Naik noted that the most recent auction held last month also failed to attract any bidders. He mentioned that the council believes renting out the shops individually is not feasible, making it preferable to lease the entire complex to a single party.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..