Lucknow LDA unearths Rs 1 Bn land scam

27 Sep 2023 CW Team

The Lucknow Development Authority (LDA) has revealed a scam amounting to Rs 1 billion related to the illegal allotment of a substantial piece of land to a private developer in the Gomtinagar Extension scheme in exchange for land within the Gomti River's catchment area.

An inquiry led by LDA Vice-Chairperson Indramani Tripathi has exposed the fraudulent practices. The investigation traced back to 2000 when the LDA began acquiring land for the Shaheed Path and Gomtinagar expansion schemes in various villages. However, a 6,070 square meter parcel of land in Maleshemau village, located near Shaheed Path, was excluded from the acquisition due to its location within the Gomti catchment area.

The inquiry report made public on Monday, unveiled that the land's ownership was falsely claimed in 2006 by a local resident, who subsequently sold it to a developer through a registered deed.

In October 2006, one of the developer's partners submitted an application to the LDA, asserting that the land in question had been acquired by the Authority for its two schemes and requested the allotment of undeveloped land of the same size in exchange.

Taking note of the application, certain LDA employees deceptively included the land in the acquisitions made for the two schemes. Consequently, on January 12, 2007, the LDA allocated 6,070 square meters of undeveloped land in Sector-4 of the Gomtinagar Extension scheme to the builder.

Further investigations revealed that on May 8, 2015, the LDA approved the land registry, and the firm paid approximately Rs 8.5 million as external development fees.

In response to the revelations, the LDA Vice-Chairperson stated, "An inquiry was initiated which exposed the scam. The allocation of the land has been revoked. We will recommend the matter to the state government for further probe."

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..