The Lucknow Development Authority (LDA) has uncovered a significant land scam involving fraudulent land allotment to a private developer in the Gomtinagar Extension scheme, amounting to approximately Rs 100 crore. The investigation, led by LDA Vice-Chairperson Indramani Tripathi, revealed that a parcel of land was fraudulently included in land acquisitions for development schemes and subsequently allocated to the developer. This scandal underscores the need for robust oversight, transparency, and accountability in land allocation processes. It also highlights the financial risks associated with fraudulent activities in land transactions and the importance of maintaining public trust in the administration.Read more

Representatives from Noida, Greater Noida, and Yamuna Expressway authorities are scheduled to convene in Lucknow this week for a crucial meeting aimed at reviving stalled real estate projects within their jurisdictions. The agenda also includes discussions on recommendations put forth by a committee chaired by bureaucrat Amitabh Kant. These recommendations primarily involve granting waivers to developers to expedite the completion of delayed projects. Chief Minister Yogi Adityanath is expected to participate in the meeting. Currently, developers owe approximately Rs 45,000 crore to these authorities, a contentious issue under scrutiny by the Supreme Court.Read more

The Lucknow Development Authority (LDA) has introduced a new initiative to alleviate financial burdens on individuals with disabilities and those from economically disadvantaged backgrounds. Under this scheme, LDA will calculate interest on late property payments using a formula that includes the Marginal Cost of the Fund-Based Lending Rate (MCLR) plus an additional 1% interest. This move was prompted by a distressing case involving a disabled individual who faced exorbitant compound interest on an LDA shop, making the property financially unattainable. Additionally, the LDA has pledged to combat fraudulent property registrations, ensuring prompt redressal of citizen concerns.Read more

The Uttar Pradesh Urban Development Ministry has recently granted approval for a 750-acre township in Paratpur, Meerut. Spearheaded by the Meerut Development Authority, this project is located near the Delhi-Meerut rapid rail transit system, with an estimated land cost of Rs. 2,000 crore. The government has pledged 50% of this amount as a long-term, interest-free loan. This visionary project aligns with the impending completion of the Rapid Rail Transit System (RRTS) by 2025, aiming to optimize residential, commercial, and recreational spaces near transportation hubs. It will significantly ease daily commutes to Delhi, Noida, and Gurgaon, while also enhancing property values and expediting infrastructure development along the rail corridor.Read more

The Bankers Institute of Rural Development (BIRD) convened in Lucknow, has discussed the potential of Svamitva cards—documents certifying rural property ownership—as eligible collateral for loans. Attended by representatives from major national and regional banks, as well as state commissioners, the meeting examined the card's validity as a conclusive property title and its implications for rural financial stability. This initiative could transform rural lending dynamics, providing villagers with enhanced financial avenues.Read more

The Lucknow Development Authority (LDA) has revealed plans for a 'second innings' apartment complex in Viraj Khand, Gomtinagar, specifically designed for senior citizens. LDA Vice-Chairman, Indramani Tripathi, shared that the 2,500 sq mt project will feature seven-story buildings, each housing eight studio apartments tailored for seniors. The community will also boast amenities like a gym, meditation centre, and an on-site ambulance service. Unique leasing provisions allow residents aged 60 and above to transfer their flats to another senior citizen, ensuring the facilities cater exclusively to the elderly. Surrounding areas will see development of parks and wide roads.Read more

Lucknow, the capital of Uttar Pradesh, is emerging as a prominent Industrial and Logistics (I&L) hub in Northern India, closely following Delhi-NCR, reports CBRE South Asia Pvt. Ltd. Noteworthy investments from Amazon, Mondelez, and Flipkart totalling INR 400 crore have contributed to this growth, with an additional INR 70 crore anticipated for upcoming warehouse developments. Demand for premium warehousing space in Lucknow has surged, with leasing activity increasing by an impressive 300% year-on-year to 0.18 million square feet in FY23. Factors such as competitive land prices, robust road connectivity, and supportive industrial land use classification under UPSIDA have fuelled this growth.Read more

The Ahana Enclave housing project in Lucknow has missed its completion deadline, resulting in a financial burden of Rs 17 crore annually for the Lucknow Municipal Corporation (LMC). The delay has also caused interest payments on borrowed funds and unsold flats adding to the financial strain. Corporators have raised concerns about the project's slow progress and its impact on the city's finances. The LMC aims to expedite the sale of remaining flats to alleviate financial pressure and complete the project by December 2023.Read more

Lucknow authorities have successfully collected an impressive amount of Rs 91 crore as CESS, aimed at bolstering the social security measures for construction workers. According to recent reports, these funds will be utilized to provide extensive coverage of social security schemes to approximately 3.85 lakh laborers who are duly registered with the labor welfare board. This significant development was announced by the department last week. With these additional resources, Lucknow aims to enhance the overall welfare and protection of its workers.Read more

The Lucknow Development Authority (LDA) is requesting plot owners in Sushant Golf City to provide a no-objection certificate (NOC) from the irrigation department for their building plans. This requirement has been implemented due to the ongoing investigation by the Central Bureau of Investigation (CBI) into the developer, Anal API, for encroachment on canals and irrigation department land. The LDA will form a team to compare the master plan with maps from the irrigation and revenue departments to determine the exact canal alignment. Decisions regarding building plans for affected properties built on encroached land will be made accordingly.Read more

The Lucknow Municipal Corporation is collaborating with the electricity department to boost property tax collection. Mayor Sushma Kharakwal aims to identify unregistered properties by matching household data with power connection records. Out of 600,000 registered properties, only 365,000 are currently paying taxes. The mayor plans to propose an attractive discount under a one-time settlement scheme, subject to state government approval, to encourage compliance. A recent survey revealed property tax evasion of approximately Rs 80 crore, with thousands of new properties remaining unregistered.Read more

PNT Reporter

The Lucknow Development Authority (LDA) cracked down on illegal constructions in zone 5, sealing an illegal hotel, row houses, and five unauthorized structures during an anti-encroachment drive. The LDA took action against a two-storey building constructed without approval, a three-storey hotel without necessary permits, and four row houses violating construction norms. These measures reflect the LDA's commitment to maintaining the integrity of urban development, promoting adherence to building regulations, and ensuring a safe and sustainable environment in Lucknow.Read more

PNT Reporter

Lucknow Development Authority (LDA) is discussing a policy that would require individuals to pay fees if they don't begin construction on their plots within five years of registry. The fees could be up to 5% of the land value. The goal is to reduce pollution and encourage housing construction. If approved, individuals must submit construction costs after five years or face rejection of their construction plans. Approved plans will have a three-year window for construction, after which they will expire. The policy aims to promote timely development and affordable housing in Lucknow.Read more

PNT Reporter

The state government of Lucknow is taking strict measures to eradicate illegal construction and encroachments made on government lands. The State Level Anti-Mafia Task Force (SLALMTF) has been formed to put a stop to encroachments, and the government has passed an order for all state urban bodies to report any encroachments on public lands, parks, and ponds within their jurisdiction. The revenue department and Directorate of Local Bodies are working together to update information on the Anti-Land Mafia Portal (IGRS Portal). A four-level task force has been established for analysing the anti-land campaign at various levels.Read more

PNT Reporter

The Lucknow Development Authority (LDA) will require private developers to specify project lifespans for structures with four or more floors in their building plans. This move aims to improve structural safety and protect property buyers following a building collapse incident earlier this year. The LDA will also form a panel of experts to regularly certify the structural safety of buildings nearing the end of their declared lifespans. The new policy will promote transparency and help ensure safer living and working conditions in Lucknow's real estate sector.Read more