Land acquisition approval revives Delhi's Urban Extension Road-II Project

19 Feb 2024 CW Team

In a decisive move aimed at realising the long-delayed Urban Extension Road-II (UER-II), Lieutenant Governor VK Saxena has given approval for the acquisition of more than 2 bighas of land in Bharthal village in southwest Delhi. According to officials, this land parcel plays a crucial role in the timely completion of the project, and the delay in its acquisition had previously set the project back by seven years.

UER-II, envisioned to link north Delhi with the Delhi-Jaipur highway, was designed to alleviate congestion at Dhaula Kuan and various intersections along both outer and inner ring roads. The Delhi Development Authority (DDA) had sought permission to acquire 2 bigha and 4.5 biswa of land in Bharthal in April 2016. However, ongoing litigations hindered the acquisition process, resulting in a significant delay for the road project outlined in the Delhi Master Plan 2021 as the third ring road for the city.

Originally proposed by the DDA to connect NH1 and NH2, the UER-II aims to link areas such as Narela, Bawana, and Rohini in North Delhi, Dwarka sub-city, IGI airport, and Gurgaon. Once operational, the road will serve as an alternative route for both commuters and freight traffic traveling between the southern and eastern parts of Haryana, encompassing districts like Ambala, Panipat, Karnal, Rohtak, and Bahadurgarh, providing connectivity to Delhi, Gurgaon, and extending up to Rajasthan.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..