Construction on 7,000 acre of land for India Inc. has begun in UP

10 Apr 2023 CW Team

After receiving investment offers totaling close to Rs 34 trillion at the Uttar Pradesh Global Investors Summit (GIS) 2023, the state of Uttar Pradesh has begun the process of acquiring land for allotment to industry.

Mayur Maheshwari, Chief Executive Officer of UPSIDA, has sent letters to all district magistrates requesting details on "gram sabha" land and the effective circle rate under their purview.

In addition to national and state roadways, the gram sabha property would be purchased nearby motorways for the development of greenfield industrial centres.

In Phase I, the UP State Industrial Development Authority (UPSIDA) plans to add 7,000 acre to its existing 15,000 acre of land inventory. The total amount of land suitable for industrial use would then be 22,000 acre.

In the meantime, the authority has encouraged the state government to provide land for new allotment that is currently held by ailing state and semi-state government industrial entities, including spinning mills. The process of auctioning off the available land to individual investors has already begun by UPSIDA.

To accommodate the more than 19,000 GIS projects, the state is expected to need 30,000 acre of land.

Also read:
Master Plan Road worth Rs. 6.3 crore ready for inauguration
Chilla Elevated Road in Delhi Receives Rs 801 Cr Budget Clearance

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..