GDA revives plan for 47 plots in Indirapuram extension
Real Estate

GDA revives plan for 47 plots in Indirapuram extension

The Ghaziabad Development Authority (GDA) has unveiled a blueprint to develop a land parcel as part of the Indirapuram Extension scheme, initially launched two decades ago but halted due to farmers' protests over land acquisition.

GDA officials announced plans to invest ?5 crore in constructing roads, sewer networks, parks, and other civic amenities. The project will cover a total area of 30,000 square meters and will be divided into 47 residential plots and three commercial plots, which will be auctioned after development.

In addition to roads and drainage systems, the area will feature a substation and vertical gardens. A 10-foot boundary wall will demarcate the plots, which are expected to go to auction in about a year.

GDA aims to generate over ?285 crore from this housing scheme. Residential plots are priced at ?95,000 per square meter, while commercial land parcels will be sold at ?1.15 lakh per square meter, reflecting current circle rates.

In August 2023, the GDA board approved the proposal to subdivide the land in the Indirapuram Extension project into smaller plots. The state government initially acquired land from farmers in Mohiuddinpur Kanawani village in 2004 at ?1,100 per square meter. However, a group of 225 farmers later secured a stay from the Allahabad High Court, seeking higher compensation, which delayed the project.

Due to the inability to take possession of the land, the project was put on hold, and the housing scheme became financially unviable under the new Land Acquisition Act, leading GDA to shelve it in 2019. However, a Supreme Court order on May 20, 2022, provided a new opportunity for revival. The court ruled that any land compensation issues initiated before the 2014 Act should adhere to the rates in effect at that time, regardless of acquisition status, allowing GDA to move forward with the project.

The Ghaziabad Development Authority (GDA) has unveiled a blueprint to develop a land parcel as part of the Indirapuram Extension scheme, initially launched two decades ago but halted due to farmers' protests over land acquisition. GDA officials announced plans to invest ?5 crore in constructing roads, sewer networks, parks, and other civic amenities. The project will cover a total area of 30,000 square meters and will be divided into 47 residential plots and three commercial plots, which will be auctioned after development. In addition to roads and drainage systems, the area will feature a substation and vertical gardens. A 10-foot boundary wall will demarcate the plots, which are expected to go to auction in about a year. GDA aims to generate over ?285 crore from this housing scheme. Residential plots are priced at ?95,000 per square meter, while commercial land parcels will be sold at ?1.15 lakh per square meter, reflecting current circle rates. In August 2023, the GDA board approved the proposal to subdivide the land in the Indirapuram Extension project into smaller plots. The state government initially acquired land from farmers in Mohiuddinpur Kanawani village in 2004 at ?1,100 per square meter. However, a group of 225 farmers later secured a stay from the Allahabad High Court, seeking higher compensation, which delayed the project. Due to the inability to take possession of the land, the project was put on hold, and the housing scheme became financially unviable under the new Land Acquisition Act, leading GDA to shelve it in 2019. However, a Supreme Court order on May 20, 2022, provided a new opportunity for revival. The court ruled that any land compensation issues initiated before the 2014 Act should adhere to the rates in effect at that time, regardless of acquisition status, allowing GDA to move forward with the project.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement