Madhya Pradesh to Develop Aerocity Near Indore Airport With ₹600 Crore Investment

The Madhya Pradesh government plans to develop an aerocity on around 11 hectares of land near Indore’s Devi Ahilyabai Holkar Airport. The project is to attract ₹500 crore to ₹600 crore in initial investment, as per a PTI news report citing an official. 

Indore Development Authority (IDA) Chief Executive Officer Parikshit Jhade noted the proposed aerocity will be located about 500 metres from the airport. It will also have direct connectivity to the Indore-Pithampur Economic Corridor. 

Residential and Commercial Use 

Jhade shared the details after a meeting of the IDA board of directors. He said residential developments, hotels and office activities will be allowed in the aerocity. 

The initial investment estimate for the project is ₹500-600 crore. The development will come up on land located close to the airport and will be connected to the economic corridor. 

An aerocity is a planned development located near an airport, with space for business, residential and leisure-related activities. The proposed project in Indore will include residential developments, hotels and offices. 

Investment Expected 

The government expects the project to attract ₹500-600 crore at the initial stage. The proposed development will cover approximately 11 hectares near Devi Ahilyabai Holkar Airport. 

The project’s direct connection with the Indore-Pithampur Economic Corridor was also outlined by Jhade. He did not provide details on the number of projects expected to come up within the aerocity or a timeline for its completion. 

Amusement Park Also Planned 

Separately, the IDA plans to develop a theme-based amusement park on 3.83 hectares of land near Meghdoot Garden in Indore. 

Jhade said the blueprint for the amusement park is being prepared. Details of the proposed investment and completion timeline for the amusement park were not given. 

Read More: India Plans 100 New Airports in 10 Years With ₹30,000 Crore Investment Under UDAN! 

Conclusion 

The proposed aerocity will be spread across around 11 hectares near Indore airport, with ₹500-600 crore of initial investment expected. Residential developments, hotels and offices will be permitted, with direct connectivity to the Indore-Pithampur Economic Corridor. 

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