Payments to be made for land acquisition for the smart city project

09 Nov 2022 CW Team

Belagavi Smart City completed the road next to Chatrapati Shivaji Udyan last year. According to the court order, official land acquisition proceedings have begun, and the City Corporation is obligated to pay the petitioners' land charges.

In another incident on RPD college road, the road was widened in 2010, and the court has now ordered the City Corporation to pay the land acquisition charges, for which it has deposited around Rs. 4.7 million in the court following a contempt petition.

The Deputy Commissioner has begun the process of acquiring land, and the proposal has been submitted to the government for approval.

The petitioner near Shivaji Garden will face the same fate. The road was built, but no compensation was paid, and the land was not acquired in accordance with the law.

In fact, land acquisition must occur before road construction can begin. Nonetheless, in both of these cases, the Smart City and City Corporation ignored the petitioners' rights, and the court has now ordered them to follow the law and pay the land acquisition charges owed to them.

According to the Sakal, a petitioner has filed a case for Rs. 230 million in damages, and it appears that the City Corporation will have to pay the same.

The city corporation must first purchase land before transferring it to the Belagavi Smart city Ltd, an SPV. But it appears from the court's orders that the law was not upheld in any of the cases.

Infrastructure Urban

06 Apr 2026

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..

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..

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..