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A Term Sheet has been signed for the potential acquisition of identified assets of the plant like land and building, certain machinery and equipment situated at the General Motors India's plant
Godrej Properties has bought a 9-acre land in Gurugram for around Rs 300 crore to develop a housing project. On December 29, the company had informed stock exchanges about acquisition of the land through an outright purchase, but did not mention the deal value. According to market sources, Godrej Properties bought this 9-acre land for Rs 300 crore. The project with a development potential of about 1.6 million square feet area, has an estimated revenue potential of about Rs 2,500 crore. The site is strategically located with easy access from Golf Course Road Extension, also known as Southern Peripheral Road. Early last year, Godrej Properties Executive Chairman Pirojsha Godrej had announced that the company would invest USD 1 billion on future development of projects. It is aggressively acquiring land parcels either outright or in partnership with land owners. Godrej Properties, a part of business conglomerate Godrej Group, is one of the leading real estate developers in the ...
Acquisition of land in their villages, for setting up a greenfield airport at Parandur, would lead to 'destruction' of agriculture and eliminate the region's 'self-reliant' economy, farmers opposing the project in their backyard said in a representation to the Tamil Nadu government. The project area covers 'bird migration routes' and it is closer to INS Rajali Naval Air Station and hence not suitable for airport, they said. The flow of water of a natural water channel, that carries surplus flood waters to Kosasthalai river, would be prevented leading to inundation of 30 surrounding villages and 'incalculable farm and economic losses' considering flooding. The project would lead to complete displacement of people in five villages, including the ancient Ekanapuram village. "We will be left with grief and pain," as there will be no suitable livelihood opportunities elsewhere, they said. Listing out several such factors against setting up the airport in their neighbourhood, farmers of
Government auditor CAG on Tuesday pulled up the Central Warehousing Corporation (CWC) for incurring an avoidable expenditure of Rs 8.65 crore on account of improper planning in the acquisition of land, delay in the surrender of surplus land and payment charges. The Comptroller Auditor General of India (CAG) also said there were pending cases of execution of lease/title deeds in favour of CWC. Land acquired long ago (five years or more) was lying unutilised defeating the purpose of acquisition and resulted in blockage of funds. In addition, CWC neither disposed-off flats lying vacant for considerable time nor could utilise them alternatively, it said the report (for the years ended March 2020 and 2021) tabled in Parliament. According to the CAG, about 42 cases were pending for registration of title/lease deed in favour of CWC, since acquisition during 1964 to 2012. Maximum pendency of 66.66 per cent of non-execution of deeds was due to disputes with various government ...
The Assam cabinet on Monday approved a proposal for developing a township on 550 acres land of defunct Hindustan Paper Corp in Morigaon district near Guwahati which the state government had acquired in March, minister Jayanta Malla Baruah said. Briefing the press following the cabinet meeting, he said it also gave its nod to a proposal for according industry status to the tourism sector, paving the way for businesses to avail incentives provided under the state industrial policy. Baruah said the land in Jagiroad will be developed as a satellite township of Guwahati. "The township will be set up on 550 acres of land following discussions with the local people but the preliminary decision for a satellite town was taken at today's meeting," he said. The Assam government on March 28 announced the acquisition of Public Sector Undertaking (PSU) Hindustan Paper Corp's (HPC) two defunct paper mills in the state for Rs 375 crore. The Assam Industrial Development Corporation (AIDC) successf
Work on the railways' ambitious bullet train project between Mumbai and Ahmedabad has gained momentum, with the ministry claiming on Monday that more than 98 per cent of the land has been acquired for the project in Maharashtra. Piers have been erected for a distance of more than 118 kilometres, girders are being launched and the work on the construction of bullet train stations has also started, the railway ministry said. With the change of government in Maharashtra, the pain points in the project in terms of forest clearances and land acquisition seem to have been overcome. In a series of tweets, the ministry claimed that while 98.22 per cent land has been acquired in Maharashtra, in Gujarat, 98.87 per cent land has been acquired and in Dadra and Nagar Haveli, 100 per cent of the land has been acquired for the project. The physical progress till November 23 was 24.1 per cent, the ministry said, adding that while almost 30 per cent of the work has been completed in Gujarat, in ...
As many as 132 out of the 756 delayed projects or 17.4 per cent projects are running behind schedule by five years and more
Zonal Railways asked to designate more works as special projects for quicker clearance
The authority has taken this action for non-deposit of the outstanding amount of nearly Rs 281 crore on both the land plots and non-completion of both the projects
Even as the first phase is underway, the authorities have already started the initial groundwork of land acquisition for the second phase.
As part of its initiative to hold cabinet meetings in different districts, Assam Chief Minister Himanta Biswa on Sunday chaired a Cabinet meeting in which a slew of decisions were made including filling up posts of Bodo teachers, streamlining land acquisition and the roadmap on disaster risk reduction."In today's #AssamCabinet, we took a host of decisions with regard to clearing backlog of cases in courts, the establishment of new universities, a roadmap on disaster risk reduction, upgrading polytechnics & ITIs, streamlining land acquisition, filling up posts of Bodo teachers, etc", the chief minister tweeted.One of the most crucial decisions that were taken in the meeting includes the clearance of backlog cases."Petty criminal cases pending in the subordinate courts throughout Assam to be withdrawn within 6 months by invoking Section 321 of Code of Criminal Procedure (CrPc), 1973", read the document.Another decision was the approval of Assam State Policy for the Transfer of ...
A group of farmers protesting against the acquisition of 1,810 acres of land in Haryana's Manesar region blocked the Delhi-Jaipur highway here for two hours on Saturday
The logic of developing a city should be to foster ease of living for its people and not profits for its developers
States may adopt different tactics on farm laws as they did for land acquisition Bill
The apex court on Wednesday set aside the judgement of the Bombay High Court
Competing supply could cannibalise demand for non-prime land, says Saurabh Mehrotra. His company closed transactions worth 1,03,720 sq metre in private partnership projects during the pandemic.
Only 5 per cent of land remains to be acquired for the Mumbai-Ahmedabad High Speed Rail (HSR) corridor, popularly known as the bullet train project
Muted near term cash flows, increase in debt and valuations to cap upside
States had protested that the Centre was breaching their rights to approve land acquisition for private coal miners
The mega project spanning four districts is estimated to cost over Rs 5,800 crore, benefiting a total population of 50 million