Chandigarh Civic Body Seeks Funds
ECONOMY & POLICY

Chandigarh Civic Body Seeks Funds

The Chandigarh civic body has requested the release of Rs 32 crore for land acquired 15-20 years back, highlighting a long-standing financial issue that has affected the city's development. In a recent General House meeting, the Chandigarh Municipal Corporation discussed the urgency of securing funds to compensate landowners for land acquired over a decade ago. This request comes amidst delays from the finance department, which has not yet sanctioned the necessary amount.

The land in question was acquired by the civic body for various developmental projects, but the compensation to landowners has been pending, leading to several legal battles. The delay in releasing the funds has not only strained the relationship between the landowners and the civic body but has also impacted the progress of civic projects in the city.

Chandigarh Municipal Corporation has been facing budget constraints, which have compounded the issue. The civic administration argues that the timely release of these funds is crucial to avoid further financial burden and to proceed with planned city development initiatives. The pending payments have been a point of contention, with landowners demanding timely compensation for the land taken for public use.

The UT administration has been urged to expedite the financial approval process to resolve this long-standing issue. The municipal corporation is also grappling with other financial challenges, making the release of the Rs 32 crore even more critical. Addressing this financial backlog is essential for the civic body to maintain its credibility and to ensure the smooth execution of ongoing and future projects.

The situation underscores the need for efficient financial management within the civic administration to prevent such delays. As the Chandigarh civic body awaits the release of funds, the outcome will significantly impact the city's development trajectory and the relationship between the municipal corporation and the citizens it serves.

The Chandigarh civic body has requested the release of Rs 32 crore for land acquired 15-20 years back, highlighting a long-standing financial issue that has affected the city's development. In a recent General House meeting, the Chandigarh Municipal Corporation discussed the urgency of securing funds to compensate landowners for land acquired over a decade ago. This request comes amidst delays from the finance department, which has not yet sanctioned the necessary amount. The land in question was acquired by the civic body for various developmental projects, but the compensation to landowners has been pending, leading to several legal battles. The delay in releasing the funds has not only strained the relationship between the landowners and the civic body but has also impacted the progress of civic projects in the city. Chandigarh Municipal Corporation has been facing budget constraints, which have compounded the issue. The civic administration argues that the timely release of these funds is crucial to avoid further financial burden and to proceed with planned city development initiatives. The pending payments have been a point of contention, with landowners demanding timely compensation for the land taken for public use. The UT administration has been urged to expedite the financial approval process to resolve this long-standing issue. The municipal corporation is also grappling with other financial challenges, making the release of the Rs 32 crore even more critical. Addressing this financial backlog is essential for the civic body to maintain its credibility and to ensure the smooth execution of ongoing and future projects. The situation underscores the need for efficient financial management within the civic administration to prevent such delays. As the Chandigarh civic body awaits the release of funds, the outcome will significantly impact the city's development trajectory and the relationship between the municipal corporation and the citizens it serves.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement