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Indore development body to sell flats, plots & shops to boost revenue, targets ₹261 crore
Indore development body to sell flats, plots & shops to boost revenue, targets ₹261 crore

Time of India

time4 days ago

  • Business
  • Time of India

Indore development body to sell flats, plots & shops to boost revenue, targets ₹261 crore

INDORE : Indore Development Authority (IDA) is set to generate substantial revenue by selling its vacant plots, flats, and shops, with a target of Rs 261 crore in the coming days. A decision to sell 600 flats, 40 shops, and 24 plots was made during an IDA board meeting, chaired by the Divisional Commissioner Deepak Singh, Collector Asheesh Singh , IMC Commissioner Shivam Verma, and IDA CEO RP Ahirwar among other officials on Friday. The authority will soon issue tenders for these properties, aiming to meet the housing needs of the general public. The IDA has already prepared a comprehensive list of all properties. The board meeting also saw key approvals for infrastructure projects. An agency was finalised to conduct the feasibility survey and prepare tender documents for the 'elevated corridor' extending from Malwa Mill Square to Rasoma Square via Patnipura Square. Additionally, an agency was approved for the feasibility survey and tender proposals for flyovers at Rasoma Square and Ring Road's Robot Square. These approvals follow a previous board meeting where the decision to conduct feasibility studies at all three locations was made, and tenders were subsequently invited. The IDA board also decided to provide Rs 16.98 crore to the Indore Municipal Corporation (IMC). This amount will be used to treat sewage emanating from the sewerage treatment plant in Scheme No. 166. In another significant decision, an industrial plot in Scheme 78 Phase-2 was allotted to the Food Corporation of India (FCI). Furthermore, a plot on the Super Corridor was allocated to the Agricultural Produce Market Committee (Mandi). The board also sanctioned minimum tenders worth Rs 90 crore for various development works and essential facilities across different schemes. These include the construction of a bridge over the Kanh River on MR-12, the building of a 34 lakh-litre capacity water tank in Scheme 151 and 169B, and other approved works under various development plans.

IDA to sell flats, plots & shops to boost revenue, targets 261cr
IDA to sell flats, plots & shops to boost revenue, targets 261cr

Time of India

time4 days ago

  • Business
  • Time of India

IDA to sell flats, plots & shops to boost revenue, targets 261cr

Indore: Indore Development Authority (IDA) is set to generate substantial revenue by selling its vacant plots, flats, and shops, with a target of Rs 261 crore in the coming days. A decision to sell 600 flats, 40 shops, and 24 plots was made during an IDA board meeting, chaired by the Divisional Commissioner Deepak Singh, Collector Asheesh Singh, IMC Commissioner Shivam Verma, and IDA CEO RP Ahirwar among other officials on Friday. The authority will soon issue tenders for these properties, aiming to meet the housing needs of the general public. The IDA has already prepared a comprehensive list of all properties. The board meeting also saw key approvals for infrastructure projects. An agency was finalised to conduct the feasibility survey and prepare tender documents for the 'elevated corridor' extending from Malwa Mill Square to Rasoma Square via Patnipura Square. Additionally, an agency was approved for the feasibility survey and tender proposals for flyovers at Rasoma Square and Ring Road's Robot Square. These approvals follow a previous board meeting where the decision to conduct feasibility studies at all three locations was made, and tenders were subsequently invited. The IDA board also decided to provide Rs 16.98 crore to the Indore Municipal Corporation (IMC). This amount will be used to treat sewage emanating from the sewerage treatment plant in Scheme No. 166. In another significant decision, an industrial plot in Scheme 78 Phase-2 was allotted to the Food Corporation of India (FCI). Furthermore, a plot on the Super Corridor was allocated to the Agricultural Produce Market Committee (Mandi). The board also sanctioned minimum tenders worth Rs 90 crore for various development works and essential facilities across different schemes. These include the construction of a bridge over the Kanh River on MR-12, the building of a 34 lakh-litre capacity water tank in Scheme 151 and 169B, and other approved works under various development plans.

Revenue courts to get CCTVs for transparency
Revenue courts to get CCTVs for transparency

Time of India

time5 days ago

  • Politics
  • Time of India

Revenue courts to get CCTVs for transparency

Indore: In a move to bolster transparency and efficiency within the district's revenue courts, the local district administration on Thursday mandated the installation of CCTV cameras in all revenue courts across Indore. These cameras will monitor the presence of officials, the conduct of case hearings, and other activities, ensuring a more accountable system, collector Asheesh Singh said. The decision was made during a meeting of revenue officials, including ADMs, all Sub-Divisional Magistrates (SDMs), Tehsildars, and Naib Tehsildars in attendance. Singh stated that this initiative aims to ensure the timely resolution of revenue cases and promote transparency, thereby reducing the need for citizens to repeatedly visit govt offices. He also directed officials to be punctual for board meetings, noting that delays caused by late arrivals hinder work progress. To counter this, CCTV cameras will also be installed in boardrooms, with the installation process to be completed soon. Regarding revenue collection, Singh urged officials to intensify efforts immediately rather than waiting for development of new portals. Expressing dissatisfaction over the decline in the CM Helpline revenue grading, he instructed that all complaints be resolved within 50 days. TNN

Notarisation of immovable property valued at Rs 100 and above banned in Indore
Notarisation of immovable property valued at Rs 100 and above banned in Indore

Time of India

time6 days ago

  • Business
  • Time of India

Notarisation of immovable property valued at Rs 100 and above banned in Indore

Indore: In a significant move to curb fraudulent activities and safeguard citizens from property disputes, Indore district administration issued a prohibitory order on Wednesday. This order bans the notarisation of immovable property valued at Rs 100 or more within the revenue limits of the Indore district. The order, issued by collector Asheesh Singh under Section 163 (1)(2) of the Bharatiya Nagarik Suraksha Sanhita aims to prevent issues faced by the public due to irregular property transactions and to deter undesirable activities. According to the directive, any notary found to be in violation of this order will face action under Section 223 of the Bharatiya Nyaya Sanhita along with a recommendation for the cancellation of their notary licence and other legal proceedings. This order will remain in effect from May 28, 2025, to July 25, 2025. All senior district registrars, district registrars, senior sub-registrars, sub-registrars, sub-divisional magistrates of Indore, executive magistrates, police station in-charges, and all senior police officials have been instructed to ensure strict compliance and implementation of this order. The administration noted that it is a common practice for some persons to buy and sell immovable property based on notarised documents instead of proper registrations. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Retraités : si votre mutuelle vous coute + de 67€/mois, essayez ceci tout de suite ! Meilleures Mutuelles En savoir plus Undo This often traps unsuspecting and legally uninformed citizens, leading to fraud and subsequent hardship. Notarised documents for property transactions lack legal standing, creating unnecessary complications. Many individuals invest their life savings or take loans to purchase immovable property and in an attempt to save money opt for notarised agreements instead of official registration. This not only results in revenue loss for the govt, but also fails to establish legal ownership for the buyer, as such documents have no legal existence. Furthermore, this practice contributes to proliferation of illegal colonies that lack basic infrastructure, leading to public unrest. It also increases property ownership disputes, raising concerns about law and order.

Swachh city to welcome commuters for MP's first Metro train service ride on May 31
Swachh city to welcome commuters for MP's first Metro train service ride on May 31

Time of India

time27-05-2025

  • Business
  • Time of India

Swachh city to welcome commuters for MP's first Metro train service ride on May 31

Indore: India's cleanest city is poised to enter a new era of urban transportation as Prime Minister Narendra Modi is set to virtually inaugurate the passenger service on Super Priority Corridor of Indore Metro on May 31. With this, Indore will become the first city in Madhya Pradesh to offer Metro train service to commuters. A total of 13 coaches have already arrived at the Metro train depot for operation. The service would be available on over 6 kilometre stretch that forms part of the Yellow Line's Super Priority Corridor. The stretch will include five key stations: Gandhi Nagar Super Corridor 6, Super Corridor 5, Super Corridor 4, and Super Corridor 3. The service will commence from the Gandhi Nagar station. This new corridor is expected to significantly alleviate traffic congestion and reduce pollution while offering commuters a comfortable travel experience. Collector Asheesh Singh visited the Gandhi Nagar station on Tuesday to review preparations for the inauguration ceremony and finalise arrangements. IMC commissioner Shivam Verma, additional commissioner Abhilash Mishra, and Metro officials were also present during the inspection. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo It is noteworthy that the entire Yellow Line of the Indore Metro will span 31.32 km (22.62 km elevated and 8.7 km underground) and will feature 28 stations, promising to make urban travel easier, faster, and more environmentally friendly. The total project cost for the 31.32-kilometre Metro line is approximately Rs 7500 crore, with the initial 6 km corridor alone costing around Rs 1520 crore. Beyond its technical significance, this Super Priority Corridor symbolises Indore's progressive stride towards modernisation.

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