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    LANDOWNERS

    Norms prescribe higher pay for land use in transmission projects

    Landowners will get compensated for the tower base area at 200% of the land value, against 80% now, as per the new norms, while compensation for RoW for the transmission corridor has been doubled to 30% of the land value. The move is aimed at reducing project delays because of compensation issues.

    Gurgaon court sets aside developer MGF's plea on land dispute with M3M, others

    The court in its order dated May 27, observed that MGF has no locus as it was never the owner nor was ever in possession of the land. As per the court order, the agreement on the basis of which the compromise decree was passed stands fully complied with. MGF had challenged compromise deed and Lok Adalat award of 2016 by filing civil suit in 2022.

    Supreme Court admits petition on imposition of GST on joint development pacts

    The Supreme Court admits a petition challenging GST imposition on transfer of development rights in joint development agreements, impacting real estate projects nationwide. Notices issued to government bodies for replies. Argument centers on whether such transfers constitute a taxable supply under GST law, potentially leading to double taxation. Decision could reshape real estate dynamics.

    Tank to Tractor: Pakistan Army transforms into 'farmers', becomes largest landowner amid food crisis

    Pakistan's army has taken control of a large parcel of land to address the critical food crisis in the country. With a hunger level categorized as 'serious' according to the Global Hunger Index, Pakistan ranks 102 out of 125 nations. Inflation and poverty rates have soared, leading to desperate conditions for the masses.

    West Bengal govt begins disbursal of compensation to consenting landowners in Deocha Pachami

    Around 150 landowners were handed over compensation cheques, land rights documents and appointment letters for jobs by district administration today while Chief Minister Mamata Banerjee handed over cheques to 50 persons at Nabanna today.

    CIDCO seeks landowners’ consent for fast-track Navi Mumbai Airport area development

    “CIDCO has appealed to land owners for quick consent in order to fast track the implementation of town development plans and further the NAINA project. This step will also benefit the land owners as they will be able to undertake development works on the land allotted to them and gain positive demand for those land at the earliest,” said Sanjay Mukherjee, VC & MD, CIDCO.

    The Economic Times
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