NHSRCL to acquire land at Rs 167.60 cr for bullet train project

17 Sep 2021 CW Team

National High-Speed Rail Corporation Limited (NHSRCL) is set to purchase land worth Rs 167.60 crore for the bullet train project from the Cash-strapped Vadodara Municipal Corporation (VMC).

NHSRCL would obtain land from VMC on the bullet train alignment. The alignment of the train crosses through the city from Chhani on one end and to Maneja on the other.

The VMC will have to part with 1,63,265.72 sq m of land in the city. The land covers space allocated for planned roads, existing roads and pathways and open plots. VMC will be paid at rates double the ‘jantri’ or official government rates for land.

The tourist information centre constructed near the railway station will have to be demolished for the project. It was built recently, and the VMC will be paid for that work as well.

The Land Estate department of the Vadodara Municipal Corporation (VMC) has sought the permission of the Standing Committee to begin the process of handing over land in its jurisdiction to the National High-Speed Rail Corporation Limited (NHSRCL) for the upcoming Ahmedabad-Mumbai high-speed rail corridor, popularly known as the bullet train project.

The civic body will get Rs 88.40 crore for handing over land measuring 1,46,280.78 sq m from future approved draft Town Planning schemes in Chhani, Manjalpur-Nagarwada, Vadsar and Maneja areas. The proposal before the Standing Committee also seeks permission to grant the powers to the Municipal Commissioner to ask the incremental distribution charge from the NHSRCL for the stated lands.

Image Source

Also read: Villages in Palghar to give up land for MAHSR bullet train project

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..