UP Scraps Noida Land Allotment to M3M
ECONOMY & POLICY

UP Scraps Noida Land Allotment to M3M

The Uttar Pradesh government has revoked the allotment of two land parcels in Noida to the M3M Group, citing undisclosed reasons. This decision underscores the government's commitment to transparency and accountability in land allocation processes.

The cancellation of land allotment reflects the government's effort to ensure fairness in real estate transactions. It signals a commitment to address concerns related to irregularities and maintain integrity in land management practices.

This development is significant in the context of ongoing scrutiny of real estate transactions and land allotments in Noida. It highlights the need for stringent regulatory oversight to prevent misuse of land resources and ensure equitable treatment of all stakeholders.

The cancellation of land allocation to M3M Group may have implications for the company's development plans in Noida. It emphasises the importance of adhering to regulatory requirements and conducting transactions transparently.

Overall, the revocation of land allotment underscores the Uttar Pradesh government's commitment to upholding integrity and accountability in land management. It reinforces the message that regulatory authorities are vigilant in ensuring fair and transparent practices in real estate transactions.

The Uttar Pradesh government has revoked the allotment of two land parcels in Noida to the M3M Group, citing undisclosed reasons. This decision underscores the government's commitment to transparency and accountability in land allocation processes. The cancellation of land allotment reflects the government's effort to ensure fairness in real estate transactions. It signals a commitment to address concerns related to irregularities and maintain integrity in land management practices. This development is significant in the context of ongoing scrutiny of real estate transactions and land allotments in Noida. It highlights the need for stringent regulatory oversight to prevent misuse of land resources and ensure equitable treatment of all stakeholders. The cancellation of land allocation to M3M Group may have implications for the company's development plans in Noida. It emphasises the importance of adhering to regulatory requirements and conducting transactions transparently. Overall, the revocation of land allotment underscores the Uttar Pradesh government's commitment to upholding integrity and accountability in land management. It reinforces the message that regulatory authorities are vigilant in ensuring fair and transparent practices in real estate transactions.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?