Land Acquisition

Eastern Freight Corridor cut short; major project runs into land hurdles

The Eastern arm of DFCCIL's Dedicated Freight Corridor has been cut short by 538 km, leaving a key segment unfinished due to land acquisition issues and weakening economic viability

Microsoft India buys another land in Pune for Rs 453 cr: Square Yards

Technology giant Microsoft Corporation (India) has bought around 16 acres of land in Pune from Viva Highways for Rs 453 crore, according to property consultant Square Yards. In a statement on Friday, Square Yards said the recent land deal in Pune, registered in September 2024, involved the purchase of 66,450 square metres (approximately 16.4 acres) from Viva Highways Limited. "The transaction, which registered under its Indian arm Microsoft Corporation (India) Pvt Ltd incurred a stamp duty of Rs 27.18 crore along with a registration fee of Rs 30,000," the consultant said, adding that the total consideration paid was Rs 453 crore. Earlier this week, Square Yards said that Microsoft had bought 16.4 acres of land in Pune for Rs 520 crore. "As per the registration document reviewed by Square Yards, Microsoft's Indian arm, Microsoft Corporation (India) Pvt Ltd, acquired 66,414.5 square meters (around 16.4 acres) of prime land in Pune's Hinjewadi. The transaction, registered in August 20

Microsoft acquires 16.4-acre land parcel for Rs 520 crore in Pune

The information technology conglomerate recently acquired a 16.4-acre land parcel for Rs 520 crore in Pune's Hinjewadi

Godrej Properties buys 90 acre land parcel in Maha's Raigad for Rs 150 cr

Godrej Properties has acquired a 90-acre land parcel at Khalapur in Raigad, Maharashtra for around Rs 150 crore with plans to develop and sell residential plots. The land parcel is estimated to have a development potential of around 1.7 million square feet of saleable area consisting primarily of residential plotted development, the company said in a regulatory filing. The company did not share details of investment for the said land acquisition. However, sources said the land cost was around Rs 150 crore. "Residential plotted development has gained significant traction in recent years. Khalapur is a promising upcoming location. Hence following the excellent response to our last development, Godrej Hillview Estate, we aim to expand our presence in the region," Gaurav Pandey, MD & CEO, Godrej Properties, said. Khalapur is located about 70 kilometres from Mumbai. The land is in proximity to the Mumbai Trans Harbour Link and the Mumbai-Pune Expressway, providing excellent ...

Govt proposes 'Bhu-Aadhaar' for rural land parcels in Union Budget

The Union government on Tuesday proposed unique identification number for land or 'Bhu-Aadhaar' in rural areas and digitisation of all urban land records as part of several land-related reforms in the Budget. In her speech, Finance Minister Nirmala Sitharaman said the Centre would work with states to carry out these land reforms, both in rural and urban areas. The Centre would provide fiscal support to incentivise states to complete these reforms within the next three years. Working with states, the finance minister said the government will initiate land-related reforms by state governments. "Land-related reforms and actions, both in rural and urban areas, will cover (1) land administration, planning and management, and (2) urban planning, usage and building bylaws. These will be incentivized for completion within the next 3 years through appropriate fiscal support," Sitharaman said. On rural land-related actions, she said these would include assignment of Unique Land Parcel ...

Centre urges UP, MP govts to speed up land acquisition for link canal

The Centre has urged both Uttar Pradesh and Madhya Pradesh to expedite land acquisition and promptly complete all pending Detailed Project Reports (DPRs) with regard to the Ken-Betwa Link Project. This river interlinking project proposes to transport excess water from the Ken River in Madhya Pradesh to the Betwa River in Uttar Pradesh in order to irrigate the drought-prone Bundelkhand region. The sixth meeting of the Steering Committee of the Ken-Betwa Link Project Authority took place on Friday here. It was chaired by Debashree Mukherjee, Secretary of the Department of Water Resources, River Development and Ganga Rejuvenation under the Ministry of Jal Shakti. Mukherjee emphasised the project's significance for the Bundelkhand region and underscored the need to employ best practices in construction to protect the environment, biodiversity and promote community development. She lauded the Madhya Pradesh government for the timely transfer of land to the Forest Department, meeting the

NHAI sets up dedicated cell to review DPRs of national highway projects

The cell will provide expert inputs and enable end-to-end monitoring of the DPR (detailed project report) for national highway projects

Nandigram, cradle of anti-land acquisition stir, wants another 'poriborton'

Years have passed and peace has returned to Nandigram

Uttar Pradesh govt scales up industrial land bank to 25,000 acres

The state also plans to set up mini-industrial clusters in the rural areas for boosting economic activities and creating jobs

Signature Global net debt up 6% in FY24 to Rs 1,160 cr on land acquisitions

Realty firm Signature Global's net debt increased by 6 per cent last fiscal to Rs 1,160 crore due to land acquisitions for the development of housing projects. According to the latest operational update, the company's net debt stood at Rs 1,160 crore at the end of 2023-24 fiscal, as compared to Rs 1,090 crore in FY23. "The increase in net debt is due to significant addition to our land portfolio during the current financial year," Gurugram-based Signature Global said. On Sunday, Signature Global reported that its sales bookings more than doubled to Rs 7,270 crore in 2023-24 from Rs 3,430 crore in the previous financial year. In March, the company sold 1,008 luxury homes for around Rs 3,600 crore in its new project at Gurugram, Haryana, helping the company achieve record sales bookings during the last fiscal and beating the target of Rs 4,500 crore for 2023-24. The company sold 4,619 units during the last fiscal, as against 4,512 units in 2022-23. In terms of area, Signature Globa

HC pulls up Maha govt for delaying land allotment for new court building

The Bombay High Court on Monday rapped the Maharashtra government for delaying land allotment for the new court building in suburban Bandra, noting that the condition of the existing structure in south Mumbai was bad and lives of judicial officers were in peril because of it. A division bench of Chief Justice Devendra Upadhyaya and Justice Arif Doctor expressed displeasure with the state government for dragging its feet on the issue, and said it does not want to create an "unsavoury situation". The bench was hearing a petition by lawyer Ahmed Abdi, alleging that the government had not complied with the high court's 2018 order on land allotment for the court building. Last year, the government informed the bench that approval was given to grant 30 acres of land for a new high court building in Bandra, and the process was on to make necessary changes in the state revenue records, after which possession would be handed over. Additional government pleader Abhay Patki informed the court

V K Saxena approves draft uniform policy for inter-dept allotment of land

If the allotment is for public utility, it would be free of charge, provided the allotting agency had the land in question, the statement said

Report accurate land or building area to avoid assessment disputes

Preserve ownership and renovation documents to bolster case regarding property value

Landscaping growth with tech

Technology-based planning could unlock trillions in economic activity

100% land acquisition completed for Mumbai-Ahmedabad bullet train: NHSRCL

The National High-Speed Rail Corporation Limited (NHSRCL) on Monday said it has completed 100 per cent land acquisition for the Mumbai-Ahmedabad Rail Corridor, popularly known as the bullet train project, across Gujarat, Maharashtra and Dadra and Nagar Haveli. Railways Minister Ashwini Vaishnaw also shared the status of land acquisition on X, saying the entire 1389.49 hectares of land required for the project has been acquired. The high-speed rail line is being built between Mumbai and Ahmedabad. The NHSRCL, in a release, said that all civil contracts for the project were awarded for Gujarat and Maharashtra, while 120.4 km of girders had been launched and 271 km of pier casting completed. "The laying of the first reinforced concrete (RC) track bed for the MAHSR corridor track system, as used in Japanese Shinkansen, has started in Surat and Anand. This is for the first time the J-slab ballastless track system is being used in India," the release stated. The NHSRCL said it has achie

Real estate firm Oberoi Realty buys 6.4-acre land in Thane for Rs 196 cr

Oberoi Realty has completed the purchase of a 6.4-acre land at Thane in Maharashtra for Rs 196 crore for the development of a real estate project. In a regulatory filing on Tuesday, Mumbai-based Oberoi Realty informed that the registry of the land has been done in its favour. In May, the company had entered into a Memorandum of Understanding (MoU) with NRB Bearings Limited for acquiring the lands located at Pokhran Road 2, Thane, Maharashtra, together with structures thereon. The acquisition was to be completed upon fulfilment of certain terms and conditions of the MoU. The same has been fulfilled. "The Company has on December 5, 2023, registered a conveyance deed of the said land admeasuring approximately 25,700 square meters (approx. 6.4 acres) in its favour and also taken possession of the said property," Oberoi Realty said. The total consideration for the acquisition of this land is about Rs 196 crore, which has been paid in its entirety. With the acquisition of this 6.4-acr

L-G refuses to consider Delhi govt's report on Bamnoli acquisition

Delhi Lieutenant Governor V K Saxena has refused to consider a report of Vigilance Minister Atishi alleging "prima facie complicity" of Chief Secretary Naresh Kumar in the Bamnoli land acquisition matter, saying it seems to be "completely based" on the minister's preconceived assumptions and presumptions, Raj Niwas officials said on Sunday. In a file noting on the government's submission of the report to him, Saxena has said the report "could very well go on to hamper the ongoing investigation, instead of facilitating it". "I have received the 'Preliminary Report' on 'Complaints', submitted by Hon'ble Minister (Vigilance) and endorsed by Hon'ble Chief Minister. It is surprising and unfortunate, to say the least, that this report, which deals with sensitive vigilance-related matters and has been marked to my Secretariat in confidential cover, is already in public domain and its digital/electronic copies are freely available and details thereof have been widely reported in the media,"

Land acquisition: CM Kejriwal sends inquiry report on chief secretary to LG

Delhi Chief Minister Arvind Kejriwal has sent to Lieutenant Governor VK Saxena the vigilance minister's report alleging "prima facie complicity" of Chief Secretary Naresh Kumar in the Bamnoli land acquisition matter, government sources said on Wednesday. The report, which was submitted to Kejriwal by Vigilance Minister Atishi on Tuesday, has recommended Kumar's removal from the post for alleged corruption in acquisition of 19 acre of land in South West Delhi's Bamnoli village. The chief minister has instructed the vigilance minister to send the report to the Central Bureau of Investigation and the Enforcement Directorate as well, sources said. The compensation for land acquisition was raised from Rs 41 crore to Rs 353 crore but the report has claimed that the "scale of undue benefits" in the deal was over Rs 897 crore. Chief Secretary Kumar has denied any wrongdoing in the matter and termed the allegations against him as "mudslinging" by people with vested interests against whom ..

Godrej Properties acquires 109-acre land in Nagpur to expand business

Realty firm Godrej Properties Ltd on Friday said it has acquired around 109 acre of land parcel in Nagpur to launch residential plots. In a regulatory filing, Godrej Properties informed that the development on this land will comprise primarily plotted residential units and offer an estimated saleable area of 2.2 million square feet. The company did not disclose the deal value and the name of the seller. However, market sources said the deal has been struck at around Rs 200 crore. Godrej Properties MD and CEO Gaurav Pandey said the acquisition of this new land parcel further enhances the company's presence in Nagpur. With the strong revival in housing demand post-COVID pandemic, Godrej Properties has been acquiring land parcels aggressively outrightly and through partnerships with land owners to expand its business. The demand for plots has also gained momentum. Godrej Properties, an arm of business conglomerate Godrej Industries, is one of the leading real estate developers in t

We are planning safari in Saisaipura area of MP: Project Cheetah chief

In an exclusive Interview with ANI, Project Cheetah head SP Yadav said that process is on for land acquisition for the project