New master plan's roads will spur growth in Tirupati

13 Mar 2023 CW Team

Tirupati, a holy city in India, is undergoing significant infrastructure development and internal road connectivity projects. Alongside the much-publicised Srinivasa Sethu elevated expressway project, the Tirupati Municipal Corporation is executing 15 master plan road works within the city to alleviate traffic congestion permanently. These projects, with a budget of INR 520 million, had been proposed almost a decade ago but lacked political will and commitment.

However, the council led by mayor Dr R Sireesha and deputy mayor Bhumana Abhinay Reddy passed a resolution in late 2022 to execute the road works and complete them before the end of 2023. The road works are progressing at a brisk pace and are expected to benefit middle-class income groups. The increased land values along the new roads are expected to help the lower and middle-income groups, as many of their vacant lands are currently undervalued due to poor road connectivity.

The new roads are expected to positively impact construction and real estate activities in approximately 3500 acres of land in the temple city, which will boost the local economy. The Tirupati Municipal Corporation is providing TDR bonds to the displaced, and the compensation paid is almost four times the market value, enabling the corporation to execute the road-works smoothly and quickly.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..