In a recent development, the Madhya Pradesh Housing and Infrastructure Development Board (MPHIDB) has decided to adopt vertical model of development to give new lease of life to its decades-old residential apartments currently lying in dilapidated condition in different parts of the city. The agency will develop high-rise buildings by removing the old apartments as a solution to adjust the cost of construction. At first, the board has selected a ground, + 2 floors building of 24-flats situated in Nehru Nagar to replace it from a high-rise building. The new building will be bigger and taller with facilities like parking. The existing dwellers will get the flats of similar sizes and remaining flats will be sold off to minimize the construction cost and the board is ready to bear cost if goes up to 10% higher than what will return from selling of additional units, chairman, MPHIDB, Krishna Murari Moghe said.
📅Published on:
19 May 2017
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
