GDA revives plan for 47 plots in Indirapuram extension

15 Oct 2024 CW Team

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.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..