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The Indore Development Authority (IDA) board of directors has formed a committee to address the issue of renewing
the lease of approximately 10,000 plots in Scheme-78 Aranya, which has been pending for the last decade. The lease
terms did not include a clause for owners to obtain a map approved by the Indore Municipal Corporation (IMC) for
construction purposes when the plots were initially allotted 40 years ago.
This has led to lease expirations without renewal as almost all constructions have been made without an approved map
from IMC. The IDA board has formed a committee to review the issue and coordinate with IMC to find a solution for
the renewal of the lease. The renewal will benefit thousands of residents in the area.
The IDA chairman, Jaypal Singh Chawda, also discussed the proposed master plan of Indore, which includes the
addition of 79 villages. This expansion will increase IDA's planning area, allowing the authority to take part in the
development of the western ring road and its schemes alongside it. The IDA has proposed constructing a 43.5-km
100m wide western road, which has been extended to an approximately 108km Green Ring Road to complete an outer
circle around the city. The proposal will be sent to T&CP for approval.
The board has also approved the development of a sports complex, providing required facilities in a 3.84-acre land in
Scheme-94. They have given administrative approval of Rs 50.50 Crore for the project. Additionally, terms and
conditions have been finalized for the provision of a swimming pool of international standard to a private agency for
operation and maintenance.
The board has also approved tenders for minimum bids of total Rs 69.15 Crore to construct three CM Rise School in
Nanda Nagar, Palkankariya, and Musakhedi area. They have also approved a tender of Rs 139 Crore to construct a
level-2 flyover at Luvkush Square. The board has given administrative approval of around Rs 1,700 Crore to develop
the TPS-09 and TPS-10 schemes in around 480 hectares of land.
The board has resolved to develop four new development schemes in the current financial year. They have formed a
committee to review the issue related to the plots allotted to Loha and Kirana traders and suggest steps required to
resolve it.
In summary, the IDA board of directors has formed a committee to address the pending lease renewals of
approximately 10,000 plots in Scheme-78 Aranya. They have also discussed the proposed master plan of Indore and
the addition of 79 villages, allowing the IDA to take part in developing the western ring road and its schemes
alongside it. They have approved the development of a sports complex, a swimming pool of international standard,
and several construction projects. The board has also resolved to develop four new development schemes in the
current financial year.
This story was first published in ET Realty
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