Land Acquisition

Macrotech Developers buys 20-acre Bengaluru land, targets Rs 2,800 cr sales

Real estate company Macrotech Developers has acquired nearly 20-acre land parcel in Bengaluru for development of a housing project worth Rs 2,800 crore, as part of its expansion plan. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners for the joint development. Out of the total, nearly 20 acre land was acquired in Bengaluru, the company has outright purchased some portion of land, while entering into joint development agreement with the landowner for the remaining part, sources said. In its latest operational update for the December quarter, Macrotech Developers informed that the company has added one new project in Bengaluru with GDV (gross development value) of Rs 2,800 crore. With this acquisition, the company now has five locations in Bengaluru. These are expected to provide opportunity for significant pre-sales growth in Bengaluru from next .

Bihar govt approves land acquisition to expand Darbhanga, Raxaul airports

The Bihar cabinet on Friday approved acquisition of an additional 89.75 acres of land for expansion and development of the Darbhanga airport into an international one. The council of ministers also gave its nod for acquisition of 139 acres of land worth Rs 207 crore for the expansion of Raxaul airport in the state, an official said. These decisions were taken in the cabinet meeting chaired by Chief Minister Nitish Kumar here. Talking to reporters soon after the meeting, Additional Chief Secretary S Siddharth said, "The cabinet approved a proposal for the acquisition of 89.75 acres of land worth Rs 244.60 crore for the development and expansion of the existing Darbhanga airport into an international airport. The state government will pay the amount to the owners of the land... land will be transferred to the Airport Authority of India for the project". The development and expansion of the existing Darbhanga airport will improve air connectivity and benefit the people of the entire .

Agarwal Holdings buys Rs 455 cr land parcel from Shapoorji Pallonji Group

Land parcel is situated in Juhu, a prime Mumbai locality

Farmers give 7-day ultimatum to govt after march stopped in Noida

Farmers from different parts of Uttar Pradesh demanding adequate compensation for their lands acquired by the government marched towards Delhi on Monday but were stopped at the Noida-Delhi border where they sat on a dharna. The farmers said if their demands were not met within seven days, they would again march towards Delhi. Raising slogans of "Bol Kisan, Halla Bol", the protesting farmers gathered at the Mahamaya flyover on the Dadri-Noida link road and began their 'Delhi Chalo' march around 11:30 am. Massive traffic snarls caused inconvenience to commuters crossing the Delhi-Noida borders as police set up multiple layers of barricades and deployed heavy security to stop the march, which coincided with Parliament's Winter Session. Bumper-to-bumper traffic was witnessed at Noida's Chilla border for several hours as the protesters, waving banners and flags of various farmer groups, crossed the initial barricades. They were finally stopped near Dalit Prerna Sthal, around a kilometr

Vaishnaw asks Kerala CM to expedite land acquisition for rail projects

In a letter to Kerala Chief Minister Pinarayi Vijayan on Tuesday, minister urged the state to instruct officials to accelerate land acquisition so that construction of ongoing projects could proceed

BRS creating issues in Cong govt's development projects: CM Revanth Reddy

Telangana Chief Minister A Revanth Reddy on Wednesday accused the BRS of creating obstacles in the Congress government's development projects, and said BRS leader K T Rama Rao will have to go to jail for his alleged conspiracy in a recent attack on government officials. Referring to the November 11 attack on officials during a public hearing for land acquisition in his assembly constituency of Kodangal in Vikarabad district, he charged that rowdy elements were made to assault the officials. Reddy, who addressed a public meeting at Vemulawada after attending various development programmes, said the land acquisition was for setting up industries and consequent job creation in the backward area of Kodangal. When police cases are filed in connection with the attack, BRS leaders object to it, he said. He also alleged that BRS MLA T Harish Rao, a nephew of party president K Chandrasekhar Rao, is causing trouble in the execution of Narayanpet-Kodangal lift irrigation project aimed at ...

UP fast-tracks land acquisition drive; aims to buy 96k acres within 3 yrs

In the first six months of FY25, 21,751 acres of land have already been acquired. Additionally, about 5,811 acres have been fully developed for allocation to industrialists and investors

India leans on innovative technologies to manage land and property

Disputes in land acquisition often delay business and infrastructure projects in the country. Technology and digitisation can help in settling disputes and accelerating economic activity

Godrej Properties secures 3 adjoining plots totalling 6.5 acres in Mumbai

The three adjoining plots measuring nearly 6.5 acres are located in Kharghar, MMR

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