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CEC Warns Against Mass Demolitions in Aravalis

GURUGRAM: The Central Empowered Committee (CEC) has presented a report to the Supreme Court regarding encroachments in the Aravali region of Faridabad. The report recommends distinguishing between legitimate homes in village abadi areas and other unlawful constructions to protect residents’ rights. It advised that significant projects and farmhouses on forest land should be addressed according to regulations. “The district authorities, in collaboration with local representatives, must meticulously differentiate between unauthorized structures and genuine residences, ensuring that any demolitions respect the rights and safety of law-abiding residents. An alternative strategy is being considered to create a defined perimeter around existing settlements,…

Lucknow: LDA Takes Charge of South City, Ends Unitech Deal

LUCKNOW: The Lucknow Development Authority will take over the development of South City following the termination of its 37-year agreement with Unitech Builders. The authority plans to complete outstanding civic projects, including roads, drainage, parks, and other amenities, funded by selling properties still owned by the group. This decision, proposed during a board meeting on August 5, received approval from board members. Residents, some of whom invested in the township decades ago, can breathe easier as they have long awaited vital services. Work will commence after required administrative approvals and property evaluations are finalized. The original agreement, signed on July…

ATS Infrastructure repays ₹190 crore SWAMIH fund early

NEW DELHI: ATS Infrastructure has repaid ₹190 crore to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I, which includes ₹133 crore in principal and ₹57 crore in interest. This repayment pertains to its residential project ATS Marigold located on the Dwarka Expressway in Gurugram. The project had encountered construction delays due to the NBFC crisis in 2018 and disruptions caused by the COVID-19 pandemic. It was revitalized with last-mile funding from the government-backed stress resolution fund. Currently, the project is fully completed, and all six towers have secured occupation certificates (OCs) from the authorities. The fund…