logo
Bagalkot to get a mega market at Navanagar

Bagalkot to get a mega market at Navanagar

Time of India7 hours ago
Bagalkot: A blueprint for the construction of a mega market yard spread over 200 acres in Navanagar third unit of Bagalkot has been prepared. The estimated cost is Rs 380 crore and the proposal will soon be submitted to the govt.
Bagalkot which has the tag of a submerged town has been split in three parts — Bagalkot, Navanagar and Vidyagiri. Though there are markets in all three suburbs, the traders are not happy with the business turnover. They have been demanding for decades, construction of a mega market yard at one place so that they could do business with ease.
They had also submitted a memorandum in this connection to MLA HY Meti, who is the chairman of Bagalkot Town Development Authority (BTDA).
Taking a serious cognisance of the demand, Meti had convened a meeting of BTDA officers and directed them to prepare a detailed report for reserving 200 acres for the construction of a mega market yard in new Navanagar third unit which is coming up.
A proposal had been sent to the urban development department to get 200 acres out of 1,600 acres in Navanagar third unit converted from residential into commercial land. But the urban development department has written back saying a suitable decision could be taken at the Bagalkot Urban Development Authority (Buda) meeting as Bagalkot has a town development authority.
Now, the ball is in the court of Buda but there are apprehensions about a favourable decision. Sources said the hurdles due to technical reasons could be overcome if the govt intervenes.
The blueprint prepared presents a beautiful picture of the market yard. It contains provision for sale of essential commodities, food park, hospitality sector, retail trading, luxury market, emergency services, parking facility, rain water harvesting and public toilets among others.
Since Navanagar third unit lies in the heart of the city, it is expected to be convenient for the residents of Bagalkot, Navanagar and Vidyagiri and pave the way for a drastic increase in business.
MLA Meti said the blueprint for the centralised market yard is ready and it will be approved after consulting the traders and other stakeholders. "Efforts will be made to start construction at the earliest," he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stock Market LIVE Updates: Market at day's low; Sensex slips 100 pts, Nifty below 25,350
Stock Market LIVE Updates: Market at day's low; Sensex slips 100 pts, Nifty below 25,350

Business Standard

time14 minutes ago

  • Business Standard

Stock Market LIVE Updates: Market at day's low; Sensex slips 100 pts, Nifty below 25,350

Sensex Today | Stock Market LIVE on Friday, July 4, 2025: In the broader markets, the Nifty Midcap and Smallcap lost 0.36 per cent each 11:30 AM Stock Market LIVE Updates: Nuvama, Angle One, BSE slide up to 7% after Sebi ban on Jane Street Stock Market LIVE Updates: Shares of India's capital market stocks took a hit on Friday after the market regulator barred US-based quant firm Jane Street from accessing the domestic securities market for allegedly manipulating the markets. To be sure, the direct impact was felt by Jane Street's local trading partner, Nuvama Wealth Management Ltd., whose shares plunged as much as 6.7 per cent, the worst since May 5 this year. READ MORE 11:12 AM Stock Market LIVE Updates: CreditAccess Grameen surges 9%, stock nears 52-week high; here's why Stock Market LIVE Updates: CreditAccess Grameen shares surged 9 per cent to ₹1,355 on the BSE in Friday's intra-day trade amid heavy volumes after the company's business momentum improved, coupled with stabilizing asset quality in the June 2025 quarter (Q1FY26). With today's rally, the stock price of CreditAccess Grameen has recovered 81 per cent from its 52-week low of ₹750.05 touched on January 27, 2025. It had hit a 52-week high of ₹1,369.25 on July 4, 2024. READ MORE 10:57 AM Stock Market LIVE Updates: Brigade Hotel Ventures raises ₹126 crore from 360 ONE ahead of IPO Stock Market LIVE Updates: Brigade Hotel Ventures Ltd has raised Rs 126 crore by selling equity shares to 360 ONE Alternates Asset Management, ahead of its maiden public issue. Brigade Hotel Ventures is a subsidiary of Bengaluru-based real estate company Brigade Enterprises a statement on Friday, Brigade Hotel Ventures said it has "raised Rs 126 crore in a pre-IPO placement round." The company issued 1.4 crore equity shares to 360 ONE Alternates Asset Management Ltd (360 ONE) at Rs 90 per share. This transaction represents 4.74 per cent of the company's pre-offer share capital. READ MORE 10:42 AM Stock Market LIVE Updates: Suryoday Small Finance Bank shares climb 5% Stock Market LIVE Updates: Suryoday Small Finance Bank share price jumped 5.1 per cent in trade, logging an intraday high at ₹145 per share. At 10:11 AM, Suryoday Small Finance shares were trading 3.01 per cent higher at ₹142.1 per share on the BSE. In comparison, the BSE Sensex was up 0.03 per cent at 83,265.05. 10:22 AM Stock Market LIVE Updates: JM Financial MF launches Large & Midcap Fund 9:57 AM Stock Market LIVE Updates: HDFC Bank shares in focus amid Q1 update Connect with us on WhatsApp First Published: Jul 04 2025 | 6:55 AM IST

NBCC (India) secures multiple orders worth Rs 66 crore
NBCC (India) secures multiple orders worth Rs 66 crore

Business Standard

time14 minutes ago

  • Business Standard

NBCC (India) secures multiple orders worth Rs 66 crore

NBCC (India) announced that it has secured multiple orders aggregating to Rs 65.73 crore from Rajiv Gandhi Institute of Petroleum Technology (RGIPT) and Navodaya Vidyalaya Samiti. The largest of the orders, valued at Rs 43.90 crore, was awarded by RGIPT for providing Project Management Consultancy (PMC) services for the construction and development of various buildings, including external development works at the Energy Institute, Bengaluru (Karnataka). The company also received two additional contracts from Navodaya Vidyalaya Samiti. These include the construction of a regional office building in Bhubaneswar (Odisha) and a central covered courtyard at various Jawahar Navodaya Vidyalayas (JNVs) across the state. The combined value of these contracts is Rs 21.83 crore. NBCC (India) is in business and operates in three major segments, namely project management consultancy, real estate, and engineering procurement & construction. The company's consolidated net profit advanced 29.27% to Rs 175.92 crore on a 16.17% rise in revenue from operations to Rs 4,642.55 crore in Q4 FY25 over Q4 FY24. Shares of NBCC (India) rose 0.98% to Rs 118.65 on the BSE.

Bajaj Finance gains after deposits climb 15% YoY to Rs 72,100 cr in June'25
Bajaj Finance gains after deposits climb 15% YoY to Rs 72,100 cr in June'25

Business Standard

time14 minutes ago

  • Business Standard

Bajaj Finance gains after deposits climb 15% YoY to Rs 72,100 cr in June'25

Bajaj Finance (BFL) added 2.12% to Rs 930 after the company's deposits jumped 15% to approximately Rs 72,100 crore as of 30th June 2025 compared with Rs 62,774 crore as of 30th June 2024. Assets under management (AUM) grew by 25% to approximately Rs 4,41,400 crore as of 30th June 2025 compared with Rs 3,54,192 crore as of 30th June 2024. In Q1 FY26, AUM grew by approximately Rs 24,750 crore. The companys new loan books grew 23% to 13.49 million in Q1 FY26 compared with 10.97 million in Q FY25. The customer franchise as of 30th June 2025 stood at 106.51 million compared to 88.11 million as of 30th June 2024. In Q1 FY26, the customer franchise increased by 4.69 million. Bajaj Finance (BFL) is a subsidiary of Bajaj Finserv. It is a deposit-taking non-banking financial company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and credit company (NBFC-ICC). It is one of Indias leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence. The company reported 17.12% jump in consolidated net profit to Rs 4,479.57 crore on 23.68% rise in total income to Rs 18,468.74 crore in Q4 FY25 over Q4 FY24.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store