MPTB to Attract Investments For 28 Land Parcels
ECONOMY & POLICY

MPTB to Attract Investments For 28 Land Parcels

Aiming to enhance adventure and recreational infrastructure in the state, Madhya Pradesh Tourism Board (MPTB) is contemplating attracting investment from private entities on 28 new land parcels and seven heritage properties in the state, for which the department has commenced the tender issuance process. 
The state govt is seeking investment for establishing eco-tourism destinations, resorts, hotels and wellness centres at identified locations to bolster tourism in the state. 
Mandsaur, Dhar, Narsinghpur, Chindwara, Bhind, Neemuch, Betul, Narmadapuram, Raisen, Shajapur and Shahdol are amongst the locations where MPTB intends to offer land to investors for creating infrastructure.”In the state, 28 new land parcels and seven heritage properties are prepared for bidding. The objective is to develop infrastructure and augment amenities and services to enhance tourist footfall in the state. 
Tourist influx in the state is increasing and development of fresh infrastructure will provide a further impetus to the properties. In MP, we possess ample land parcels spanning across diverse geographies including wildlife, hills and plains, providing numerous options for investors to select from the offered properties,” said Bidisha Mukherjee, the additional managing director of MPTB. 
The board has allotted around 79 land parcels to private investors for establishing various tourism projects till date. Of these, nine projects have become operational, 31 are under construction and 39 units are in process. 
MPTB is additionally considering developing new wayside amenities amongst Gwalior, Hoshangabad, Rewa, Jabalpur and Rajgarh. Presently, approximately 100 way-side amenity centres have been transferred to private investors for operation, of which more than 75 are operational in the state. 

Aiming to enhance adventure and recreational infrastructure in the state, Madhya Pradesh Tourism Board (MPTB) is contemplating attracting investment from private entities on 28 new land parcels and seven heritage properties in the state, for which the department has commenced the tender issuance process. The state govt is seeking investment for establishing eco-tourism destinations, resorts, hotels and wellness centres at identified locations to bolster tourism in the state. Mandsaur, Dhar, Narsinghpur, Chindwara, Bhind, Neemuch, Betul, Narmadapuram, Raisen, Shajapur and Shahdol are amongst the locations where MPTB intends to offer land to investors for creating infrastructure.”In the state, 28 new land parcels and seven heritage properties are prepared for bidding. The objective is to develop infrastructure and augment amenities and services to enhance tourist footfall in the state. Tourist influx in the state is increasing and development of fresh infrastructure will provide a further impetus to the properties. In MP, we possess ample land parcels spanning across diverse geographies including wildlife, hills and plains, providing numerous options for investors to select from the offered properties,” said Bidisha Mukherjee, the additional managing director of MPTB. The board has allotted around 79 land parcels to private investors for establishing various tourism projects till date. Of these, nine projects have become operational, 31 are under construction and 39 units are in process. MPTB is additionally considering developing new wayside amenities amongst Gwalior, Hoshangabad, Rewa, Jabalpur and Rajgarh. Presently, approximately 100 way-side amenity centres have been transferred to private investors for operation, of which more than 75 are operational in the state. 

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?