Page 2 - Land Acquisition

Arkade Developers to buy 3.54-acre Bhandup West land for ₹148 crore

Arkade Developers has signed an MoU to acquire Woollen and Textile Industries Ltd, giving it ownership of a 3.54-acre land parcel in Bhandup West for Rs 148 crore

In seven years, HVDC market size is going to be $12-15 billion: GE Vernova

India needs to progress in procurement. It must review its procurement process, says Bindele

Best of BS Opinion: Land reforms, nuclear energy can power Indian economy

Today's Opinion page traverses the regulatory landscape, from land reforms to nuclear power, corporate governance to government divestment and comes away with deep insights into all

Govt must bite the bullet on land reforms to ease manufacturing growth

How to make land available quickly and cheaply for development, without alienating landowners or eroding their rights, remains a point of contention

Entry of big corporates changing face of coal mining, but delays persist

While delays such as land acquisition, mining lease and prospecting licenses, and in clearances for geological reports are cropping up, there is a much higher tracking of illegal coal mining

UP govt acquires 600 acres in Gorakhpur for new industrial township

While Gida has acquired 600 acres for the township in the 17 villages, the acquisition process is ongoing to increase the land inventory

Godrej Properties share price pops 2% on acquiring land parcel in Pune

Godrej Properties shares rose after the company announced the acquisition of an approximately 16-acre land parcel in Upper Kharadi, Pune.

Sumadhura Group buys 5-acre plot in East Bengaluru for ₹500 cr project

Bengaluru-based Sumadhura Group acquires a 5-acre parcel on Soukya Road, planning a residential development expected to generate ₹500 crore in revenue

No one will remain landless under new land scheme, vows Odisha CM

Odisha CM Mohan Charan Majhi vows no one will remain landless in the state. The government plans reforms to modernise revenue administration and ensure land rights for all citizens

SC upholds cancellation of 125-acre land allotment to Kamla Nehru trust

The court cited lack of due diligence and a failure to uphold public interest in the allocation process

Diaspora body slams Punjab govt for acquiring farmland around Ludhiana

The North American Punjabi Association has warned of ecological and economic damage, besides alleging a land grab, and has urged Punjab government to withdraw its plan, which is already seeing protest

Uttar Pradesh govt acquires land worth ₹5,500 cr near expressways

The process of land acquisition would continue, since only 70 per cent of the approved land has been taken so fa

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