Tag: Lucknow

IndustryLatest Stories

UP: UPSIDA Greenlights 8 New Warehousing, Logistics Projects

Representative AI image LUCKNOW: The Uttar Pradesh State Industrial Development Authority (UPSIDA) has given the green light to eight new projects in the warehousing and logistics sector, with a total investment of approximately Rs 800 crore, as stated by an official spokesperson on Monday. “These approvals, under the Uttar Pradesh Warehousing and Logistics Policy-2022, demonstrate increasing investor confidence in the sector, fueled by incentives, financial aid, and tax exemptions for establishing logistics and storage facilities on private land,” the spokesperson mentioned. The newly approved projects comprise five silos, two warehousing units, and one logistics project, which will be situated in…

IndustryLatest Stories

U.P. Cabinet Approves Ordinance for Easier Land-Use Change

LUCKNOW: On Monday, the state cabinet approved an ordinance to amend Section 80 of the Uttar Pradesh Revenue Code, 2006. This amendment simplifies the land-use conversion process in areas governed by development authorities, industrial authorities, regulated zones, and the UP Housing and Development Board. Finance Minister Suresh Khanna stated that this change removes the necessity for a separate land-use conversion application when shifting land from agricultural to non-agricultural use. Khanna explained, “Once a building plan is approved by the relevant authority, it will automatically be recognized as land-use conversion.” An official highlighted that the previous system involved a two-step process:…

CommercialLatest Stories

Uttar Pradesh Unveils Private Business Park Policy to Attract Global Firms

LUCKNOW: On Monday, the state cabinet approved the Uttar Pradesh Private Business Park Development Scheme-2025. This initiative aims to establish world-class plug-and-play business parks designed to attract global companies, research and development centers, Global Capability Centers, and various operational hubs to the region. The scheme focuses on providing ready-to-use infrastructure for businesses seeking to set up operations swiftly, thereby minimizing the delays and cost overruns often associated with undeveloped facilities. This is expected to significantly boost investment, employment opportunities, and industrial growth, particularly in the services and technology sectors. According to Alok Kumar, additional chief secretary for infrastructure and industrial…

IndustryLatest Stories

Lucknow’s 2026 Budget Approves No Property Tax Hike

Sure! Here’s the rewritten content: — LUCKNOW: Residents will not experience any increases in property taxes or parking fees, as the Municipal Corporation has allocated ₹1,253 crore for development projects in its approved budget for 2026-27. The budget, along with the revised estimates for 2025-26, was presented and unanimously passed in the House by executive vice-chairperson Charanjeet Gandhi, with the presence of mayor Sushma Kharkwal, municipal commissioner Gaurav Kumar, and other officials. Mayor Kharkwal emphasized the focus on enhancing civic infrastructure without shifting the tax burden onto citizens. “No new taxes have been introduced. We aim to boost revenue through…

IndustryLatest Stories

Lucknow LDA Approves ₹5,148 Crore for Affordable Housing

LUCKNOW: The Lucknow Development Authority (LDA) has approved a budget of ₹5,148 crore for the fiscal year 2026-27, with a key focus on affordable housing, new townships, and enhancing basic infrastructure. This decision was made during the authority’s 187th board meeting, presided over by divisional commissioner Vijay Vishwas Pant. As part of this initiative, ₹200 crore has been allocated for the construction of 848 flats in Sharda Nagar Extension, featuring four 12-story towers with one- and two-bedroom units, and essential amenities such as water supply, electricity, parking, lifts, parks, and recreational areas. Officials indicated that this initiative is in response…

Latest StoriesRegulatory

Lucknow to Impose 12% Interest on House Tax Defaulters

Here’s a rewritten version of the content: LUCKNOW: The Lucknow Municipal Corporation (LMC) has announced that a 12% interest fee will be imposed on house tax defaulters who do not pay by March 31. Additionally, strict measures will be enforced against those who postpone payment. The municipal body initiated an awareness campaign in Zone-3 of the city on Sunday, aiming to inform residents about the deadline to help them avoid penalties. A rally featuring e-rickshaws and sanitation vehicles was conducted across six wards: Lala Lala Lajpat Rai, Mahanagar, Vivekanandpuri, Daliganj, and Nirala Nagar. To assist taxpayers, LMC has declared that…

Latest StoriesRegulatory

Uttar Pradesh Stamps Dept Launches Revenue Boost Campaign

LUCKNOW: As the financial year approaches its conclusion, the Stamp and Registration Department has initiated a statewide campaign aimed at increasing revenue. This includes expediting the registration of unregistered properties, resolving pending stamp cases, and recovering outstanding stamp duties. The department is also reviewing stamp rates to adjust the minimum market value of properties. An official stated that unregistered properties from development authorities, the Housing Development Council, UPSIDC, and other institutions are being prioritized for registration. Additionally, the department is evaluating projects from development authorities and government agencies to ensure timely stamp duty payment. In Gautam Budh Nagar, it’s anticipated…

Latest StoriesRegulatory

ED Seizes ₹313.12 Crore in Ansal Group Money Laundering Case

NEW DELHI: On Wednesday, the Enforcement Directorate (ED) announced the attachment of immovable properties valued at ₹313.12 crore as part of its ongoing probe into Ansal Properties and Infrastructure Ltd (APIL) and its promoters. This action stems from allegations of financial misappropriation and fraudulent diversion of funds collected from homebuyers. These properties include residential land parcels totaling 9.08 hectares, situated in Agra, Uttar Pradesh, and are registered under the names of companies affiliated with APIL. The ED’s Lucknow zonal office executed the attachment under the Prevention of Money Laundering Act (PMLA), 2002. The investigation was prompted by 278 FIRs lodged…

Latest StoriesResidential

Uttar Pradesh Introduces OTS Scheme for Property Defaulters

LUCKNOW: The housing development authorities in Uttar Pradesh are set to introduce a one-time settlement scheme aimed at allowing defaulters the opportunity to settle their debts. The cabinet has given the green light for this scheme, which is designed to stimulate the real estate market and recover overdue payments from buyers who owe money to organizations such as the Lucknow Development Authority and Kanpur Development Authority. This scheme will be applicable for settling debts that have accrued from the purchase of various types of properties, including residential, commercial, mixed-use, and institutional sectors. Currently, there are 18,982 pending default cases with…

Latest StoriesResidential

Ownership Verification Required Before Property Registration in UP

LUCKNOW: On Tuesday, the Cabinet made a significant decision regarding property sales registration, mandating the stamp and registration department to verify property ownership details prior to registration. Ravindra Jaiswal, the Minister of State (Independent) for Stamp and Registration, stated that new rules will soon be established to require verification of ‘khatauni’ (land records) and ownership documents before registration, aiming to eliminate fraudulent or contested land registrations. “We have encountered multiple instances where properties are sold by individuals who are not the legitimate owners, including prohibited or restricted properties, properties sold beyond legal ownership rights, and even those owned by the…