Indore future projects: ‘Sell 20 properties of IDA to usher in 5 mega plans for city’

Rs 500 crores can be generated from sale of such prime properties Good Governance model can make IMC, IDA funds self-sufficient

Staff ReporterUpdated: Saturday, January 09, 2021, 12:10 AM IST
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Indore: Collector Manish Singh has said that the next five development plans of the city, including running cable car, construction of 4-lane service
road at Bypass, road and bridges, can be achieved by selling just 20
properties of IDA located at Super Corridor. The selling of the
properties will yield Rs 500 cr which will be enough for the city’s new-age plan.

Collector Singh was talking to media at the end of marathon meeting of
the officers and staff of the Revenue Department held on Friday. Singh
said ‘Good Governance’ can be a mantra of making Indore Municipal
Corporation (IMC) and Indore Development Authority (IDA) self-reliant in fund requirement. In this context, he cited the example of
IDA, which owns 20 properties of 1 lakh square feet at Super Corridor.
By selling these properties, IDA can earn Rs 500 cr. This amount is
enough to achieve the 5 years development plant of the city, which
presentation was made before Chief Minister Shivraj Singh Chouhan
during his last city visit on Wednesday.

‘In the years development plan of the city we have proposed to roll
out cable car service in traffic congested areas of the city,
construction of 4 lane service lane at Bypass, missing road links and
bridges etc. All this can be done with Rs 500 cr. Thereafter, we would
not need the requirement of funds from the state. We will be financially self sufficient in achieving our
development plans’ Singh added.

Collector mentioned that while doing presentation of city development
plan before CM, we have not asked for financial support from the State
Government. We have just sought necessary permissions from the State
Government, like shifting of mandi to outside the city and some other
development issues.


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