Indore Khandwa Four Lane Road To Transform Malwa Nimar

10 Apr 2026 CW Team

The alignment includes three tunnels and approximately six km of road through dense forest, with some sections cut through mountains reaching 30 to 50 metres in height. Work includes the construction of 24 bridges, including two large viaducts of 500 metres and 250 metres in the Simrol area and a 150 metre bridge at Chorhal, together with a one point eight km long road over bridge at Balwada. Project managers indicated that three critical points remain that are slowing final progress but that resources and pace are being increased to meet the deadline.

Once open the corridor will halve current travel times, reducing a two to two and a half hour journey to about one hour and also shortening the route by roughly two point five km through the removal of hazardous bends. The elimination of dangerous ghat turns and the provision of wider carriageways are expected to reduce delays and improve road safety while offering more reliable access to Maharashtra and southern India. Traffic management during major religious events will be easier and the road will carry higher volumes of tourist and commercial traffic.

Officials expect the highway to act as both an economic and a religious lifeline for the Nimar region, facilitating trade and pilgrim travel between Mahakaleshwar and Omkareshwar jyotirlingas and easing movement during festivals. Decorative treatments such as paintings in tunnels are planned to enhance the spiritual character of journeys and to boost visitor experience without affecting safety. With over 85 per cent of work reported complete, authorities remain committed to delivering the project by the stated target.

The Indore to Balwada four lane on National Highway NH-347 is nearing completion and will enhance connectivity across Malwa-Nimar. The 33.4 km corridor from Tejaji Nagar to Balwada is reported to be 86 to 87 per cent complete and is expected to open by December 2026. The scheme is being implemented by the National Highways Authority of India (NHAI) and executed by Megha Engineering and Infrastructure Limited, with New Austrian Tunnelling Method technology employed where required. The alignment includes three tunnels and approximately six km of road through dense forest, with some sections cut through mountains reaching 30 to 50 metres in height. Work includes the construction of 24 bridges, including two large viaducts of 500 metres and 250 metres in the Simrol area and a 150 metre bridge at Chorhal, together with a one point eight km long road over bridge at Balwada. Project managers indicated that three critical points remain that are slowing final progress but that resources and pace are being increased to meet the deadline. Once open the corridor will halve current travel times, reducing a two to two and a half hour journey to about one hour and also shortening the route by roughly two point five km through the removal of hazardous bends. The elimination of dangerous ghat turns and the provision of wider carriageways are expected to reduce delays and improve road safety while offering more reliable access to Maharashtra and southern India. Traffic management during major religious events will be easier and the road will carry higher volumes of tourist and commercial traffic. Officials expect the highway to act as both an economic and a religious lifeline for the Nimar region, facilitating trade and pilgrim travel between Mahakaleshwar and Omkareshwar jyotirlingas and easing movement during festivals. Decorative treatments such as paintings in tunnels are planned to enhance the spiritual character of journeys and to boost visitor experience without affecting safety. With over 85 per cent of work reported complete, authorities remain committed to delivering the project by the stated target.

Real Estate

30 Apr 2026

Nila Spaces Lists VIDA on Alt DRX, Enables Fractional Ownership

Nila Spaces has listed its GIFT City residential project VIDA on Alt DRX, marking the first tokenised asset under the platform’s “Gujarat Tri-City Investment Opportunity.” The move enables retail investors to participate in premium real estate across Ahmedabad, Gandhinagar and GIFT City starting from the equivalent of 1 sq ft ownership.The initiative aims to address traditional barriers in residential real estate investment, including high entry costs, low liquidity and lengthy transaction cycles. By enabling fractional ownership, the model reduces entry thresholds from Rs 7.5 million–..

Real Estate

30 Apr 2026

Mindspace REIT Reports Strong FY26 Performance

Mindspace Business Parks REIT reported a strong performance for Q4 FY26 and FY26, supported by robust leasing activity, rising occupancy and improved financial metrics across its portfolio.Portfolio committed occupancy increased by 1.2 per cent QoQ to 95.7 per cent, while the REIT achieved gross leasing of 3.5 million sq ft in Q4 FY26 and 7.1 million sq ft for the full year. Pre-leasing remained strong, with nearly 2.0 million sq ft secured at Mindspace Madhapur, Hyderabad, reflecting sustained demand from global occupiers.Revenue from operations rose 31.0 per cent YoY to Rs 8.88 billion in Q4..

Infrastructure Urban

30 Apr 2026

MMRDA Allocates BKC Land for Health, Education Projects

The Mumbai Metropolitan Region Development Authority (MMRDA) has allocated land parcels at Bandra-Kurla Complex (BKC) to healthcare and education institutions, with a total investment exceeding Rs 5.8 billion, as per updates shared on its official social media handles.A 10,026.44 sq m (2.5-acre) plot in the G-Block has been allotted to Jupiter Lifeline Hospitals through a bidding process. The project, with a construction potential of 20,052.88 sq m, has secured a bid of around Rs 3.54 billion and will house a multi-specialty hospital.Additionally, a 5,117.85 sq m plot has been allotted to D. Y..