Latest news with #IndoreDevelopmentAuthority
Time of India
4 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.
Time of India
4 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.
Time of India
17-05-2025
- Business
- Time of India
IDA survey bats for flyovers, upgrade for 5 intersections
Indore: A feasibility survey report prepared by the Indore Development Authority (IDA) reveals that flyovers are feasible at five intersections, while traffic flow at four others can be improved through specific modification works instead of flyover construction. The situation at Ghantaghar intersection will be determined only after the metro route is finalised. The survey at Madhumilan intersection was not conducted due to ongoing improvement work by the Indore Municipal Corporation (IMC). The survey report on flyovers at various intersections in the city was reviewed on Saturday at the IDA office, under the chairmanship of divisional commissioner Deepak Singh. The survey proposes elevated rotaries at Zanjeerwala Square and flyovers at Tower Square, Chanakyapuri, Gopur Square, and Agresen Square. The estimated cost for the construction of these five flyovers is Rs 338 crore. Collector Asheesh Singh stated that the survey proposed the construction of flyovers at five intersections. These proposals will now be finalised after discussions with public representatives, and a decision will also be made regarding the source of funds for the construction, IDA CEO RP Ahirwar said. During the meeting, suggestions were also made to construct an elevated corridor from LIG to Palasia. Officials stated that a survey for this should be conducted, as an elevated corridor is already being built from Industry House to Palasia. They suggested extending this elevated corridor from LIG to Palasia. Officials also directed some modifications to be made at Shivaji Vatika and Geeta Bhawan intersections.
Time of India
14-05-2025
- Business
- Time of India
Multipurpose stadium, startup park & convention centre on PPP model get IDA approval
Indore: Indore Development Authority (IDA) has decided to develop a multipurpose stadium to provide space for big events, including music concerts, on approximately 22 acre on Super IDA board of directors, including Indore divisional commissioner Deepak Singh, collector Asheesh Singh, IMC commissioner Shivam Verma, and IDA CEO RP Ahirwar, took several key decisions regarding infrastructure development and public welfare projects in its meeting on Wednesday. A significant decision was made to construct a multipurpose stadium on the land reserved for a stadium located on Super Corridor. The board also resolved to issue an expression of interest (EoI) to seek approval from govt to undertake this project on a public-private partnership (PPP) board also approved certain proposed amendments related to the operation, maintenance, and upkeep of the inter-state bus terminal (ISBT) constructed under the authority's Scheme 139 and 169-A. In another decision, the board agreed to accept the highest bidder's proposal from the tenders received for the lease-cum-operation and maintenance of the senior citizen building on plot number RC-11 in Scheme 134. This decision paves the way for operation of the facility that was rented out at around Rs 3.5 lakh/ EoI for construction of Startup Park in Scheme 151 and 169-B, in line with the previously received approval for a PPP model, will also be issued. Construction of convention centre in Scheme 172 will also proceed on a PPP model, with the board approving the issuance of an EoI for this project as a move to support cultural events, the board sanctioned financial assistance of Rs 5 lakh to Devi Ahilya Janmotsav Samiti for the celebration of the 300th birth anniversary of Ahilyadevi board also decided to appoint a consultant for construction of residential buildings on plot number FP-422, covering an area of 1.613 hectare, in Town Planning Scheme (TPS)-08 under Pradhan Mantri Awas Yojana (Urban) 2.0.
Time of India
13-05-2025
- Business
- Time of India
Regional Growth Summit at Indore, land availability in three districts to be shown
Indore : The Madhya Pradesh govt will showcase lands available in Indore, Ujjain, and Dewas to attract big investors to fulfil their infrastructure-related needs at a Regional Growth Summit scheduled on May 16 at Brilliant Convention Centre."Indore, Ujjain, and Dewas are three big cities of MP, which are adjacent and have witnessed rapid development in all sectors. Simhastha 2028 has further boosted growth in this region," principal secretary Sanjay Shukla said. There is a need for land for investors, industries, and commercial establishments in almost every sector. So, the state govt has decided to hold a regional growth summit to showcase the availability of land in Indore Ujjain and Dewas, he said."There are some central govt agencies that have developed industrial parks, and their land bank will also be showcased in the summit to attract investors," he said. Various agencies, including Indore Development Authority (IDA), Ujjain Development Authority (UDA), Dewas Development Authority (DDA), housing board, MPIDC, municipal corporations, CREDAI, tourism board, and Smart City Development Limited, have been roped in to hold the from various cities, including Indore, Gwalior, Dewas, Bhopal, Ujjain, Mandsaur, Jabalpur, and Neemuch, are expected to attend the summit, which will be inaugurated by chief minister Mohan Yadav. He will also hold one-on-one discussions with potential from showcasing land availability , the govt agencies are likely to provide information on land use and market rates, official sources said adding that following success of this summit, similar events will be held in other regions.
