Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Asset class : Land

Lucknow property boom: LDA's latest e-auction sees bids soar to new highs

The Lucknow Development Authority has generated over INR 425 crore in its latest e-auction, marking one of its strongest revenue rounds to date. Several plots attracted aggressive bidding, with prices reaching nearly three times their reserve values. A notable example was a 75 sqm plot in Sector 5, valued at INR 28 lakh, which sold for INR 1.5 crore. LDA credits the success to a detailed land audit and drone survey that helped identify and clear illegally occupied parcels before auction. This momentum follows earlier e-auctions where LDA earned more than INR 450 crore. The auctions span residential and commercial plots, helping the authority monetise unused land and curb encroachments.Read more

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Maharashtra forms panel to award compensation for pothole and manhole accidents

The Maharashtra government has formed a new committee, led by the PWD's additional Chief Secretary, to process compensation claims for accidents or deaths caused by potholes or open manholes on roads under its control. Families of victims may receive up to INR 6 lakh, while injured individuals can get INR 50,000 to INR 2.5 lakh based on severity. The committee must convene within seven days of a reported case and meet every 15 days, with powers to act on applications or even suo motu based on media reports. Compensation paid by the PWD will be recovered from those responsible for poor maintenance, including contractors or officials. The move follows Bombay High Court directives stressing accountability and timely repairs.Read more

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Experts urge India to rethink 'wasteland' tag to protect grasslands and livelihoods

An expert panel convened during a recent national land governance conference urged the Union government to overhaul India's colonial-era 'wasteland' classification, arguing that mislabelled grasslands, wetlands, pastures, and village commons are being diverted or degraded due to flawed categorisation. The panel, comprising representatives from the Ministry of Rural Development, ISRO-SAC, IUCN, the Centre for Pastoralism, the Foundation for Ecological Security, and ATREE, maintained that these landscapes hold substantial ecological and economic value, including ecosystem services worth USD 90-110 billion annually. Speakers stressed that proper mapping, tenure clarity, and international commitments demand an immediate policy shift.Read more

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Supreme Court defines Aravali Hills, halts new mining until scientific plan is ready

The Supreme Court accepted the definition of the Aravali Hills and Aravali Range submitted by the Ministry of Environment, Forest and Climate Change. It stated that a hill must have a minimum height of 100 metres and be located within the notified Aravali districts, while ranges are formed when two or more such hills lie within 500 metres of each other. The Court also said that the lowest contour line around a hill, including its slopes, will be counted as part of the Aravali area. It has stopped new mining leases across Delhi, Haryana, Rajasthan and Gujarat until the Sustainable Mining Plan is finalised.Read more

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Telangana unveils HILTP 2025 to turn old industrial land into mixed-use hubs

Telangana has introduced the Hyderabad Industrial Lands Transformation Policy (HILTP) 2025, allowing 9,292 acres of ageing or underused industrial land within and around the Outer Ring Road to be converted into multi-use zones. These areas can now be redeveloped for housing, offices, hospitals, schools and IT parks. Applicants must pay a one-time Development Impact Fee, set at 30% of SRO value for plots on roads under 80 ft and 50% for those on wider roads. Approvals will be processed swiftly through the TG-iPASS portal, with decisions expected within two weeks. A quarter of the collected fees will be used to upgrade local infrastructure, while the rest will help develop new industrial parks outside the ORR.Read more

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Probe flags violations in INR 300 crore Mundhwa land deal; stamp duty recovery sought

A three-member investigation panel led by the Joint Inspector General of Registration has raised serious red flags over a roughly INR 300-crore land deal in Pune's Mundhwa area. The 40-acre parcel, officially government land, was sold to Amadea Enterprises LLP, where Parth Pawar is a partner. The report indicts a suspended sub-registrar and two associates, but clears Parth Pawar because his name does not appear on transaction records. Among its recommendations are stricter checks on stamp duty waivers and tighter documentation requirements.Read more

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Odisha government forms panel to resolve land issues for Rourkela Steel Plant expansion

Odisha is moving forward with the expansion of the Rourkela Steel Plant, with the state government forming a high-level committee to address land acquisition challenges affecting around 300 families. SAIL plans to double the plant's capacity from 4.5 MTPA with an investment of over INR 30,000 crore, alongside a INR 9,000 crore modernization effort. Union Minister H D Kumaraswamy emphasized state support, rehabilitation measures, and strengthening raw material security, while discussions also focused on establishing a Rourkela Airport to support regional development and future steel growth.Read more

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Navi Mumbai authorities remove 75 unauthorized huts in Turbhe division

The Navi Mumbai Municipal Corporation conducted a focused anti-encroachment drive in the Turbhe division, removing around 75 unauthorized huts near Sanpadagaon Lake and the STP Plant in Sanpada, Sector 20. The action was carried out under the supervision of the Commissioner and senior municipal officials, with support from police, security staff, and labor teams. The operation utilized a JCB and 20 laborers. Officials emphasized that such eviction campaigns will be strengthened going forward to maintain compliance with municipal regulations and prevent unauthorized construction in sensitive areas.Read more

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Godrej Properties expands Nagpur presence with new 75-acre land acquisition

Godrej Properties has purchased a 75-acre land parcel in Nagpur to develop a residential project focused mainly on plotted housing. With this acquisition, the company crossed its INR 20,000 crore annual new business development target for the current financial year. The upcoming project is expected to offer around 1.7 million sq ft of saleable area and generate an estimated INR 755 crore in revenue. This marks the developer's third land purchase in Nagpur in the last four years. The deal follows another acquisition in South Bengaluru announced a day earlier for a township project.Read more

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Odisha: BMC launches demolition drive in Salia Sahi to clear land for key city road

Authorities in Bhubaneswar initiated a large eviction exercise in Salia Sahi, the city's biggest slum cluster, to clear land for a new road aimed at easing traffic along the Jayadev Vihar-Nandankanan corridor. Over 550 unauthorised houses were marked for demolition, and more than 80 were removed on the first day. Many families raised concerns about limited notice, loss of shelter, and the need for proper rehabilitation. Officials stated that residents were being relocated with financial support, while opposition parties questioned the process and demanded stronger safeguards.Read more

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Godrej expands Sarjapur Road holding to 30 acres with new INR 2,400 crore parcel

Godrej Properties has acquired an additional 3.8-acre land parcel in South Bengaluru, increasing its consolidated land bank in the area to nearly 30 acres. The newly added plot unlocks an estimated INR 2,400 crore in incremental revenue potential and around 2 million sq. ft. of extra development capacity. When combined with the 26-acre parcel the company bought in the past few months, the total project revenue potential is expected to reach about INR 3,500 crore with an overall build-up of nearly 3 million sq. ft. The location lies in the active Sarjapur Road micro-market.Read more

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Goa reforms comunidade land sales with new rules for pricing and stamp duty

The Goa administration has introduced new revenue measures by requiring that village-community landholdings known as comunidades execute conveyance deeds at half the state's minimum land rate and pay stamp duty based on the rate fixed by the Goa Housing Board (GHB). Previously these plots often bypassed formal procedures and state revenue. The reform is part of a wider regulatory overhaul that also includes regularising unauthorised homes on government or comunidade land and opening up comunidade acreage for structured development under competitive bidding.Read more

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Six million families to benefit as Maharashtra clears Fragmentation Act violations

The Maharashtra government has allowed free regularisation of land parcels purchased in violation of the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act for transactions made between 15 November 1965 and 15 October 2024. The directive removes notes about fragmentation violations from 7/12 land records and ensures rightful buyers are recorded as occupants. The decision, backed by a recent government notification, is expected to help about 6 million landowners, including many in urban, commercial, and peripheral regions. Unregistered transactions can also be legally registered after paying stamp duty and registration fees.Read more

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GCDA clears land-pooling plan for Infopark Phase III in Kochi

The Greater Cochin Development Authority (GCDA) has approved the land-pooling process for Infopark Kochi's Phase III development in Kunnathunad taluk. The plan aims to bring together around 500 acres for an integrated IT and AI-focused township, marking one of Kerala's largest land-pooling exercises. GCDA will handle land identification and coordination with landowners, while Infopark will lead overall development. A land-pooling office has already started functioning, and early assessments indicate strong potential for investment and long-term technology-led growth in the region.Read more

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Goa's District Collectors directed to publish land-conversion sanads online

The Goa State Information Commission has instructed the district collectors of North and South Goa to upload all land-conversion sanads on a public portal. The directive followed a complaint stating that authorities had not fulfilled their obligations under the RTI Act's proactive disclosure provisions. The information to be uploaded includes applicant details, survey numbers, application and sanction dates, and a plan showing the converted portion of land. The order aims to strengthen transparency and reduce the volume of individual RTI requests.Read more

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GNIDA launches INR 3,604 crore commercial plot e-auction across key sectors

The Greater Noida Industrial Development Authority (GNIDA) has launched a major commercial property scheme, offering 37 plots worth a combined INR 3,604 crore through e-auction. Located in key sectors such as Sector 3, 10, 12, Ecotech-1 Extension and Ecotech-12, the plots come under two FAR categories: FAR-4 for large vertical developments like malls, hotels and office towers, and FAR-2 for smaller commercial uses. GNIDA has set strict conditions, including a ban on plot subdivision or amalgamation and a five-year project completion deadline. Reserve prices are substantial, with several plots valued between INR 91 crore and INR 216 crore. Strong investor interest is expected, supported by Greater Noida's improving connectivity and upcoming airport.Read more

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Odisha prepares new land governance law to simplify record management

The Odisha government is working on a new Land Management Act that will replace several old revenue laws and make land record management easier for citizens. The proposed law will allow people to handle mutation and related services through local tehsildars, who will also receive more authority through amendments to the Survey and Settlement Act. A detailed report on Puri's complex land ownership structure has been sought to guide further reforms. The move is aligned with the state's broader push to simplify land classifications and improve transparency.Read more

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Rajasthan HC gives government final chance to respond on illegal colonies on RHB land

The Rajasthan High Court has asked the state government to file a detailed reply by December?9 on the issue of 86 unauthorised colonies developed on land acquired by the Rajasthan Housing Board (RHB). Despite earlier High Court orders and a rejection of the government's appeal by the Supreme Court, neither the RHB nor Jaipur Development Authority (JDA) has reclaimed possession or removed encroachments. The petition filed by Public Against Corruption highlighted that influential individuals continue to occupy and construct on the land illegally, calling for strict action.Read more

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Telangana High Court permits Budwel land e-auction under specific conditions

The Telangana High Court has allowed the Hyderabad Metropolitan Development Authority (HMDA) to proceed with the e-auction of 4.19 acres of Budwel land in Rajendranagar, which had been set aside earlier this year. The division bench suspended the single-judge order that had favoured private claimants, directing the Rangareddy district collector to decide on ownership claims by mid-December. While HMDA can continue with the auction, it cannot declare the highest bidder until after December 31. The case has been scheduled for its next hearing in January 2026.Read more

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Maharashtra clears INR 3,000 crore guarantee for Nagpur's new IBFC land acquisition

Maharashtra has approved a state guarantee of INR 3,000 crore for a HUDCO loan to acquire land for the International Business and Finance Centre in Nagpur. The project, part of the 'New Nagpur' initiative, will be developed by NMRDA across 692 hectares in Godhani and Ladgaon villages. The total loan planned is INR 6,500 crore, with strict conditions ensuring the state bears no liability for defaults. NMRDA must submit regular reports, and any sale of mortgaged assets requires committee approval. The IBFC aims to make Nagpur a central Indian business hub.Read more

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