Himachal Pradesh development Corporation plans land-pool policy
Real Estate

Himachal Pradesh development Corporation plans land-pool policy

The Himachal Pradesh Urban Development Authority (Himuda) is considering implementing a land-pooling policy. It has purchased 1,731 bigha of land in the state for Rs 156 crore and will now develop it to generate revenue rather than purchasing more.

It proposes to develop and market projects on the land of willing private owners without actually acquiring the land. Suresh Bhardwaj, the minister of urban development and housing, said at a meeting on Saturday about improving Himuda's financial situation that the agency will name colonies after tourist destinations such as Shimla, Solan, and Dharamshala to boost their brand value.

Himuda, according to Bhardwaj, should work differently than other government departments and complete its work on time, which will help the agency revamp. Bhardwaj formed a committee of Himuda officials to recommend ways to improve the company's financial situation, and he demanded that its Shimla projects be properly accounted for.

According to the minister, Himuda will follow new procedures in the future when purchasing land. It has approached industries and the horticulture department about leasing large swaths of land, as well as planning a one-stop-shop for allottees and other stakeholders. To record complaints, the agency will have a dedicated WhatsApp number.

Officials from HIMUDA, led by vice-chairman Praveen Sharma, presented a detailed proposal to improve the authority's operations.

Image Source

The Himachal Pradesh Urban Development Authority (Himuda) is considering implementing a land-pooling policy. It has purchased 1,731 bigha of land in the state for Rs 156 crore and will now develop it to generate revenue rather than purchasing more. It proposes to develop and market projects on the land of willing private owners without actually acquiring the land. Suresh Bhardwaj, the minister of urban development and housing, said at a meeting on Saturday about improving Himuda's financial situation that the agency will name colonies after tourist destinations such as Shimla, Solan, and Dharamshala to boost their brand value. Himuda, according to Bhardwaj, should work differently than other government departments and complete its work on time, which will help the agency revamp. Bhardwaj formed a committee of Himuda officials to recommend ways to improve the company's financial situation, and he demanded that its Shimla projects be properly accounted for. According to the minister, Himuda will follow new procedures in the future when purchasing land. It has approached industries and the horticulture department about leasing large swaths of land, as well as planning a one-stop-shop for allottees and other stakeholders. To record complaints, the agency will have a dedicated WhatsApp number. Officials from HIMUDA, led by vice-chairman Praveen Sharma, presented a detailed proposal to improve the authority's operations. Image Source

Next Story
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?