UP govt suspends cancellation of land allotment to M3M group

13 Jun 2024 CW Team

In an official communication to the Noida Authority, Principal Secretary Anil Kumar Sagar stated that a complaint received in February alleged violations by these companies of rules and conditions outlined in the Authority's e-brochure for the e-tender scheme. "Specifically, commercial plot number 01 in Sector 94 allotted to M/s Lavish Buildmart Pvt Ltd, and commercial plot number MPC-01 in Sector 72 allotted to M/s Skyline Propcon Pvt Ltd were cancelled initially on May 10, 2024," Sagar mentioned.

However, after receiving a request for reconsideration from Yatish Vahal, Authorised Signatory/Director, M3M group, on May 13, 2024, the government opted to review the matter. The decision to suspend the cancellation order, issued on May 10, 2024, came after thorough consideration of reports submitted by the Noida Authority and appeals from the companies.

"The Noida Authority has been directed to take necessary actions based on this decision," Sagar added in his letter. The M3M group welcomed the government's move, highlighting that the projects launched in Noida 18 months ago have seen substantial investment in land costs and construction, totaling Rs 15.01 billion. The group affirmed its commitment to Uttar Pradesh, emphasising job creation and economic opportunities, alongside its dedication to delivering landmark projects in the state.

The total projected cost for both developments amounts to approximately Rs 55 billion, with 45% of the units already sold to 1,400 investors, according to the group's statement. (Source: ET Infra)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Uttar Pradesh government has decided to pause the cancellation of commercial plot allotments in Noida to M3M group companies Lavish Buildmart and Skyline Propcon, opting instead to review the decision. This move follows appeals from the companies and reports submitted by the Noida Authority. Initially, on May 10, the government had cancelled the allotment of plots in Noida's Sector 72 and Sector 94, citing violations during the e-tender process, which led to the sealing of the project sites by the Noida Authority. In an official communication to the Noida Authority, Principal Secretary Anil Kumar Sagar stated that a complaint received in February alleged violations by these companies of rules and conditions outlined in the Authority's e-brochure for the e-tender scheme. Specifically, commercial plot number 01 in Sector 94 allotted to M/s Lavish Buildmart Pvt Ltd, and commercial plot number MPC-01 in Sector 72 allotted to M/s Skyline Propcon Pvt Ltd were cancelled initially on May 10, 2024, Sagar mentioned. However, after receiving a request for reconsideration from Yatish Vahal, Authorised Signatory/Director, M3M group, on May 13, 2024, the government opted to review the matter. The decision to suspend the cancellation order, issued on May 10, 2024, came after thorough consideration of reports submitted by the Noida Authority and appeals from the companies. The Noida Authority has been directed to take necessary actions based on this decision, Sagar added in his letter. The M3M group welcomed the government's move, highlighting that the projects launched in Noida 18 months ago have seen substantial investment in land costs and construction, totaling Rs 15.01 billion. The group affirmed its commitment to Uttar Pradesh, emphasising job creation and economic opportunities, alongside its dedication to delivering landmark projects in the state. The total projected cost for both developments amounts to approximately Rs 55 billion, with 45% of the units already sold to 1,400 investors, according to the group's statement. (Source: ET Infra)

Real Estate

29 Jun 2026

Omaxe to Invest Rs 62 Billion in Hospitality Expansion

Omaxe has announced the launch of a dedicated hospitality business vertical with plans to develop 19 hotels across five states over the next four to five years as part of its strategy to strengthen recurring revenues and expand its integrated development ecosystem.The real estate developer proposes to invest approximately Rs 62 billion, subject to regulatory approvals and market conditions, to develop nearly 5 million sq ft of hospitality assets across high-growth urban centres, pilgrimage destinations and transit corridors.The proposed portfolio will be integrated with Omaxe's existing townsh..

Infrastructure Transport

29 Jun 2026

Third Railway Line Between Tatanagar And Adityapur Likely By September

The third railway line between Tatanagar and Adityapur is expected to be commissioned by September as work on the corridor advances, according to railway sources. The project to add a fourth line on the busy route is progressing and has been allocated Rs 50.89 billion (bn) in funding. The allocation underscores the focus on increasing capacity and easing congestion on the corridor. Relevant timetables are being adjusted to integrate the new capacity into regular operations. Construction activity has involved track laying, formation work and signalling upgrades along strategic stretches, with m..

Infrastructure Transport

29 Jun 2026

Indian Railways Approves Rs 2.7 bn Kavach Rollout in Odisha

Indian Railways has approved a Rs 2.7 billion (Rs 2.7 bn) plan to install the Kavach train collision avoidance system on 631 route kilometres in the East Coast Railway zone. The Ministry of Railways said the work will form part of a wider Kavach deployment programme that relies on an LTE based communication backbone rather than a standalone installation. The approval marks the latest stage in the steady expansion of the indigenous safety technology across the national network. The decision aims to enhance safety and reliability on corridors serving Odisha and adjoining areas. The project will ..