LAND ACQUISITION
NHAI to do GIS-based land acquisition for upcoming national highway projects
The National Highways Authority of India (NHAI) on Tuesday entered into an MoU with the Survey of India for development and validation of GIS-based land acquisition plan for upcoming national highway projects in the country. As per the agreement, the Survey of India will help develop standard operating procedures and in preparation of terms of reference for consultants preparing a detailed project report for land acquisition.
Karnataka CM Siddaramaiah says allotment of MUDA plots in Mysuru for wife are lawful
Controversy surrounds CM Siddaramaiah's wife's MUDA plot allotments as Urban Development Minister Byrathi Suresh uncovers rule violations and lack of Cabinet approval, sparking a major investigation.
Puravankara aims to secure 20 million square feet of land by the end of the fiscal year
Puravankara's strategic plans include reducing net debt, optimizing debt costs, and utilizing its extensive land bank for future expansion and growth, as announced by the Group CEO. The company is focused on enhancing revenue from key markets like Bangalore and exploring new funding sources through AIFs, aligning with its goal of sustained growth and development.
Concorde acquires 1.6 acre land in Bengaluru
Concorde, a real estate developer based in Bengaluru, has purchased a 1.6-acre land parcel situated on Sarjapur Road in the city. This joint development project is slated to become a high-end residential complex with an estimated gross development value (GDV) of Rs 200 crore. Earlier in March, Concorde also acquired a 4.5-acre plot in Thanisandra, Bengaluru.
Birla Estates acquires 16.5-acre land in Pune's Manjri
Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries and part of the Aditya Birla Group, has acquired a 16.5-acre land parcel in Pune's Manjri locality. This acquisition has a development potential of approximately 32 lakh square feet with an estimated revenue potential of Rs 2,500 crore, according to a company release.
Enemy within? China is buying land around American military bases
China's proximity to military bases within the US, including a nuclear missile base in Wyoming, raises national security concerns. The US government blocked a Chinese-backed cryptocurrency mining firm from owning land near Francis E. Warren Air Force Base in Wyoming, citing it as a 'national security risk'. The order required the divestment of property operated as a crypto mining facility near the base.
Road construction down by 12.1% to 1288 km in the current financial year up to May 2024
As per the monthly update, released the ministry of road transport and highways (MoRTH) on Wednesday, the capital expenditure incurred during the period stood at Rs 57,925 crore till May 2024, which is 42.5% of the capital outlay under the vote on account provision for the first five months of 2024- 25.
NCLT rejects JAL's claim of liquidity crunch due to delay in govt approvals, litigations
JAL has submitted that it is an "asset rich company", even after sale of cement plants to resolve the loans under Bucket 1 and Bucket 2A, assets like Real Estate Business - Noida and Greater Noida (about 11,000 flats) will remain with the company. Besides, it had other assets such as two 5 Five Star Hotels/Resort in Delhi, and one in Agra, two Golf Courses in Noida and Greater Noida, a Formula One Sports Complex and Cricket Stadium with Real Estate.
Will an empowered Modi bring back a big-bang reform?
If exit polls are accurate and Prime Minister Narendra Modi returns to power with a strong majority, major economic reforms are expected. This might include revisiting land acquisition laws to facilitate industrial growth. Land reforms are crucial for India's manufacturing ambitions. Digitisation of land records could streamline processes and accelerate development projects.
Lok Sabha Elections 2024: Varanasi discusses temple, work, land acquisition...
As the election season draws to a close on June 1, all eyes are on Varanasi, the ancient city that the BJP claims has had its "golden decade" with Prime Minister Narendra Modi as its MP. The stage is set. Modi had done a roadshow here earlier this month as well as sent letters to 2,000 eminent personalities in the district with an appeal to vote on June 1 and support the BJP.
Suzlon looking at a much stronger balance sheet at the end of FY25: CFO
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
View: Your first 100 days to-do list, Gov
The upcoming government will have its work cut out for it as it steps into power following the conclusion of the 18th Lok Sabha polls. While the current administration has made strides in improving the business environment in India, there are key reforms that the new government must prioritize to fully capitalize on the country's growth potential.
SC upholds acquisition of land by DDA, DSIIDC, DMRC between 1957 and 2006 for public infra projects
After hearing arguments on a batch of hundreds of petitions, a bench of justices Surya Kant, Dipankar Datta and Ujjal Bhyan passed the verdict on May 17 setting aside a Delhi High Court order, which had declared the acquisition proceedings to have lapsed in terms of Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act, 2013.
BJP MLA bats for farmers, writes to UP govt over land acquisition near Noida
BJP MLA Dhirendra Singh advocates for prompt resolution of farmers' grievances in Gautam Buddh Nagar, emphasizing the need for approval from the Greater Noida Authority for 10% residential plots to address their demands regarding land acquisition for Noida International Airport.
Stocks in news: Godrej Properties, Whirlpool, Solara Active Pharma, TCS, Nestle India
Bandhan Bank reported a net profit of Rs 54.62 crore for the quarter ended March 2024, which was down from Rs 808 crore in the year ago period.
Do it right, for sake of land acquisition
In a densely populated developing country like India, there are competing demands on land - farming, housing, infrastructure development and factories. This, on more occasions than one would like, has led to conflicts. According to Land Conflict Watch, there are 781 land conflicts, affecting 9.4 mn people and ₹3.11 tn investments.
Ayodhya's electoral crossroads: BJP's temple run faces challenges
The BJP's bid for a third consecutive term at the Centre is centered around the recently inaugurated Ram temple in Ayodhya. While optimism abounds, there's also uncertainty until the results are in. Local businesses see opportunities, but concerns arise among rural voters about potential displacement due to development projects. The renaming of Faizabad to Ayodhya sparks debate among residents.
MoSPI says 449 infra projects hit by cost overrun of Rs 5.01 lakh cr in March
The total original cost of these projects was Rs 26,87,535.69 crore, but their anticipated completion cost is expected to be Rs 31,88,859.02 crore, representing an 18.65% increase. The report noted that out of 1,873 projects, 779 were delayed, with reasons including land acquisition delays, environmental clearances, and infrastructure support issues
Radhakishan Damani’s DMart buys land in Mumbai’s Chandivali for Rs 117 cr
The billionaire Radhakishan Damani-promoted company has paid a stamp duty of Rs 7.03 crore for the transaction that was registered on May 6, according to documents accessed through real estate data analysis platform CRE Matrix.
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