IDA to focus on high-tech landmarks, realistic execution

Indore: Indore Development Authority (IDA) Board on Tuesday approved a budget estimate of Rs 1020.93 crore for 2026-27 financial year. The budget focuses on the launch of three transformative projects: Startup Park, international convention centre and a flyover at Chandan Nagar Square.IDA CEO Parikshit Zade said that the budget focuses on ‘actual execution' While the 2025-26 budget projected an income of Rs 1,597 crore, it ended with just Rs 573.18 crore. The new budget aims to bridge this gap between planning and reality, he said.What Is In For IndoreStartup ParkHigh-tech hub to come up on 8.2 ha on Super Corridor near new ISBTAt 87.60 m, it is set to be tallest building in MPPhase 1: Twin towers with 3 basements, 4-floor shopping mall, corporate offices & parking towerPhase 2: IT BuildingPhase 3: Convention centre & 5-star hotelPublic-Private Partnership; 2-year completion targetConvention & Exhibition CentreRs 1,800 crore project on 17 ha10,000 sq m indoor exhibition area, conference halls, meeting rooms, & 3-star hotelExpected direct employment for 1,000Rs 1 crore allocated to initiate the PPP process this yearInfrastructure ProjectsChandan Nagar Flyover at Dhar Road Square. IDA to fund it from non-scheme fundsLuvkush Double-Decker Flyover: Provision of Rs 85 crore made to complete remaining workMulti-Modal Mobility Hub: Proposed near Vijay Nagar on land reserved for ISBTRs 360 crore allocated to complete Town Improvement Schemes covering 1,186 ha with 100 km of roads and 141 gardens