To raise funds, Indore Development Authority plans lease of land near Navlakha stand

The Indore Development Authority (IDA) is planning to take possession of land near Navlakha bus stand from the Indore Municipal Corporation (IMC) in order to raise funds for its projects by leasing it out. The land near Navlakha bus stand was cleared from encroachments last year by the civic body. The IDA board members had asked the IDA chairman Shankar Lalwani ensure the construction of inter-state bus terminus (ISBT) near MR-10, which has been hanging fire since 2012.

Read more: Economic Times