Tag: Lucknow

Latest StoriesResidential

Lucknow body approves 7 housing projects, 1,100 EWS homes

Representative Image LUCKNOW: The city is on track to significantly expand its housing infrastructure as the Lucknow Development Authority (LDA) has approved land acquisition and layout plans for seven residential projects during its recent 186th board meeting, led by divisional commissioner Vijay Vishwas Pant. These developments will occur near Gomtinagar Extension over approximately 385 acres and will be managed by private developers under the Uttar Pradesh Township Policy 2023. A significant tract of land, situated alongside the Gomti River, behind the Police Headquarters, was recently cleared of illegal occupation. LDA vice-chairperson Prathamesh Kumar noted that the authority reclaimed 43.051 acres…

Latest StoriesRegulatory

Court Orders Seizure of ₹128 Crore in Uttar Pradesh’s 1st FEOA Case

Representative Image LUCKNOW: On Thursday, a special court ordered the confiscation of assets valued at approximately Rs 128 crore in connection with the fugitive economic offender proceedings initiated by the Enforcement Directorate (ED) against the Shine City Group based in Uttar Pradesh, along with its fugitive promoter, Rashid Naseem, accused of deceiving investors. Officials noted that this decision was made under the Fugitive Economic Offenders Act (FEOA) of 2018, marking the first case of asset confiscation via this mechanism in Uttar Pradesh. The ED will confiscate movable and immovable assets worth Rs 127.98 crore, which had been previously attached under…

Latest StoriesResidential

Purchase Devpur Para Scheme Booklet by November 30

LUCKNOW: The registration booklet for the Atal Nagar Housing Scheme by the LDA in Devpur Para will be accessible until November 30. With only three days remaining, the LDA announced on Thursday that only those who purchase the booklet can complete their registration on the LDA website by December 2. As of Thursday evening, 4,393 individuals have registered for the scheme. According to LDA Vice Chairman Prathamesh Kumar, Atal Nagar comprises 2,496 flats spread across 15 towers, ranging from 12 to 19 floors. Out of these, 1,832 are one-bedroom units and 664 are two-bedroom units, varying from 30 to 54.95…

Latest StoriesResidential

Lucknow to Launch IT City Housing Project in January 2026

LUCKNOW: The LDA will commence its IT City project on Sultanpur Road in January, allowing land donors the first opportunity to choose plots via a lottery. This initiative will be integrated with forthcoming housing projects, such as Anantnagar, Naimaishnagar, Varun Vihar, and Education City. The IT City project, covering 2,660 acres, will utilize a land pooling model where donors will receive 25% of the developed land in exchange—a value the LDA claims surpasses standard compensation. Approximately 10,000 residential plots are being established, designed to accommodate nearly 100,000 residents once completed. Following the January lottery for land donors, the remaining plots…

Latest StoriesRegulatory

Landlords Face Legal Action for Tenants’ Criminal Involvement: Lucknow Police

Representative AI image LUCKNOW: On Friday, the Lucknow Police announced that landlords could face legal action if a tenant involved in any criminal activity is found on their property without the landlord having provided or updated the tenant’s details. This warning is a part of “Operation Pehchaan,” a tenant-verification initiative aimed at preventing criminals from concealing themselves in rental properties due to the increase in migration to the state capital. With Lucknow’s rapid growth in trade, education, and employment opportunities, thousands move to the city annually, prompting police to enhance surveillance efforts. To simplify tenant registration, the police have introduced…

Latest StoriesResidential

Lucknow Extends Atal Nagar Housing Deadline to December 2

LUCKNOW: The Lucknow Development Authority (LDA) has extended the registration deadline for the Atal Nagar housing scheme in Devpur Para, granting applicants additional time to submit their forms. LDA vice-chairman Prathamesh Kumar announced that the new deadline is December 2, for the convenience of the public. The housing scheme features 2,496 flats distributed across 15 towers, each between 12 and 19 stories high. Out of these, 1,832 are 1BHK units and 664 are 2BHK units. The flat sizes vary from 30 to 54.95 sqm, with prices starting at Rs 9.82 lakh. Essential amenities, including lifts, water and electricity supply, power…

Latest StoriesResidential

Lucknow e-auction nets ₹425 crore in property sales

LUCKNOW: The Lucknow Development Authority (LDA) recorded property sales exceeding Rs 425 crore in its recent e-auction, with bids reaching up to three times the reserve price in various instances. For instance, a 75 sq m residential plot in Sector 5, originally valued at Rs 28 lakh, sold for an impressive Rs 1.5 crore. According to LDA vice chairperson Prathamesh Kumar, a land audit and drone survey exposed properties under illegal occupation, leading to their clearance and subsequent public bidding. In Gomtinagar Extension’s Sectors 5 and 6, 95 residential and seven commercial plots attracted bids, with 88 of them selling…

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UP Government Provides Stamp Duty Break for Lease Agreements

LUCKNOW: The stamp and registration department is introducing substantial concessions on stamp fees for rent agreements up to 10 years, simplifying the registration process. The cabinet approved this proposal on Friday. Currently, registration exists, but many landlords and tenants skip it due to high costs. Agreements that remain unregistered lack legal validity under the UP Regulation of Urban Premises Tenancy Act, making them prone to disputes. Finance Minister Suresh Khanna noted that while current regulations require registration for tenancy deeds over one year, most are either verbal agreements or, when written, remain unregistered. “These situations often arise during audits by…

Latest StoriesResidential

Lucknow Offers 10% Tax Exemption for Rooftop Solar Homes

Representative AI image LUCKNOW: Households equipped with solar rooftops now qualify for a 10% exemption on residential house and water taxes. This initiative is part of key proposals concerning city development, sanitation, and public order, which were adopted in the LMC executive committee meeting held on Thursday. The session, chaired by Mayor Sushma Kharkwal, included municipal commissioner Gaurav Kumar, executive vice-president Charanjeet Gandhi, and other senior officials. To promote renewable energy under the PM Surya Awas Yojana, the committee approved a 10% tax exemption for property owners who install solar panels. Officials indicated that this measure aims to motivate residents…

Latest StoriesRera

Uttar Pradesh RERA Lifts 22 Projects from ‘Abeyance’ Status

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has de-listed 22 projects from the ‘abeyance list’ across seven districts, allowing construction work to resume. A total of 8,856 units—including flats, plots, and commercial units—will be built under these projects, representing a significant advancement in reviving long-stalled developments. Since the implementation of RERA, numerous projects were flagged for not having the required documents submitted at registration. After comprehensive evaluations, the authority issued notices to the promoters. In July 2024, it was determined that about 400 projects with incomplete documentation would be classified under ‘abeyance.’ Sanjay R. Bhoosreddy, chairman of…