Page 2 - Land Acquisition

Assetz aims to launch Rs 7,500 crore GDV residential projects in FY26

Bengaluru-based Assetz aims to launch Rs 7,500 crore worth of residential projects in FY26 and targets 45% CAGR in pre-sales over three years with IPO plans under review

Realty firm Brigade Group acquires 5.4 acres in Chennai for ₹441.7 crore

Brigade Enterprises acquires 5.41-acre land in Chennai's Velachery for ₹441.7 crore, strengthening its position in the city with a project worth ₹1,600 crore

Land compensation must reflect equity, justice and fairness: Supreme Court

The Supreme Court on Wednesday said the compensation for land acquisition cannot be assessed in a mechanical manner but must be guided by considerations of equality, equity and justice. A bench of Justices Surya Kant and Ujjal Bhuyan said a fundamental principle in land acquisition jurisprudence was that lands with similar locational and developmental potential must be compensated equitably unless clear, objective distinctions justify otherwise. The bench said it must caution against an "excessively positivist" approach in matters of land acquisition. "It is well understood that the very exercise of assessing compensation is antithetical to rigid formalism. Compensation cannot be assessed in a mechanical or formulaic manner but must be guided by considerations of equality, equity, and justice," it said. The apex court's verdict came on a batch of cross-appeals filed by the Haryana State Industrial and Infrastructure Development Corporation and several landowners challenging the ...

EPFO dials BSNL, MTNL to acquire offices, land and buildings for expansion

India's largest retirement fund is ramping up its physical infrastructure to keep pace with its fast-growing membership base

Uranium sources, land acquisition key to boosting nuclear energy: Minister

Union Power Minister Manohar Lal on Monday said that measures such as faster land acquisition and securing diversified uranium fuel sources are crucial in scaling up domestic nuclear energy capacity. He said broader participation from private and state sectors is needed to promote nuclear energy, Lal said while chairing a meeting of Consultative Committee of the Ministry of Power. "(The) minister outlined the key challenges and strategic steps required for scaling up nuclear energy, including Amending the Atomic Energy Act, 1962 and Civil Liability for Nuclear Damage Act, 2010 to enable broader participation by private and state sectors and Strengthening public perception and enhancing awareness about nuclear energy's safety and benefits," the Power Ministry said in a statement. Besides, measures like introducing tax concessions, green power classification, and long-term financing to ensure competitive nuclear tariffs, and diversifying technology choices through competitive bidding

Macrotech Developers to invest Rs 8,000 cr in FY26 on land acquisition

Realty firm Macrotech Developers Ltd plans to invest more than Rs 8,000 crore this fiscal to acquire land parcels in Mumbai Metropolitan Region (MMR), Pune and Bengaluru for building housing projects as part of its expansion plan. Macrotech Developers, which sells properties under 'Lodha brand', is one of the largest real estate companies in the country. In an interview with PTI, Macrotech Developers Executive Director- Finance Sushil Kumar Modi noted that housing demand continues to be strong, especially for big brands having strong track record of executing projects. To expand business, he said the company has set a target of acquiring multiple land parcels this financial year to develop projects, which can generate a revenue of Rs 25,000 crore. Under the new business development, Macrotech Developers purchases land outright and also partners with landowners. In 2024-25 fiscal, the company acquired 10 land parcels across MMR, Pune and Bengaluru. These land parcels will be used

Govt proposes returning unused National Highway land to owners after 5 yrs

The govt has proposed amendments to the National Highways Act, allowing land acquired for highway projects to be returned to original owners if unused for five years

Indian developers buy land parcels worth Rs 39,700 crore in 2024: JLL

Investments of about Rs 62,328 crore will be needed to develop these land parcels

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