Tag: Uttar Pradesh

IndustryLatest Stories

Big FM Ventures into Real Estate Market

NEW DELHI: Big FM, part of Reliance Broadcast Network, has ventured into the Indian real estate market with its new division, Big FM Realty. The company aims to achieve a revenue target of ₹3,500-₹4,000 crore over the next three years. It has acquired around 80 acres of land on the Lucknow-Bahraich Road in Bahraich, Uttar Pradesh. This mixed-use township development is expected to generate approximately ₹1,200 crore in revenue. Published On Mar 2, 2026 at 02:00 PM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your…

Latest StoriesRegulatory

ED Seizes ₹598 Crore in Assets from Ansal Properties Case

Sure! Here’s a rewritten version of the content: NEW DELHI: The Enforcement Directorate (ED) announced on Wednesday the attachment of land valued at Rs 598 crore in Agra, Uttar Pradesh, part of an investigation into money laundering involving Ansal Properties and Infrastructure Ltd. (APIL). The inquiry is focused on significant irregularities related to the acquisition and release of land in Gurugram’s sectors 58-63 and 65-67. The ED stated that it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) to seize land in Agra amounting to over Rs 598 crore. The properties are registered under various…

IndustryLatest Stories

UP Approves Policy to Redevelop Buildings Over 25 Years Old

GHAZIABAD: On February 10, the Uttar Pradesh government announced the Urban Redevelopment Policy, 2026, introducing a comprehensive framework for redeveloping unsafe and dilapidated buildings that contribute to “urban decay” and pose risks to residents statewide. The policy allows for the redevelopment of both public and private housing projects that are at least 25 years old and cover a minimum of 1,500 square meters, contingent on a mandatory structural audit. Additionally, defunct industrial units shuttered for over three years and declared bankrupt by the National Company Law Tribunal, without any ongoing legal disputes, are also eligible. Government agencies will oversee the…

CommercialLatest Stories

Uttar Pradesh Mega E-Auction for Commercial Plots

Representative AI image KANPUR: The Uttar Pradesh State Industrial Development Authority (UPSIDA) is pivotal in achieving the state’s goal of becoming a USD 1 trillion economy. Led by Chief Minister Yogi Adityanath, UPSIDA is committed to boosting industrialization by creating a conducive environment for investors. This includes rapid development of industrial zones, high-quality infrastructure, transparent e-auction plot allocations, and modern warehousing and commercial facilities. In line with this initiative, UPSIDA is hosting a Mega E-Auction of commercial and industrial plots in various industrial areas, including Mathura, Amethi, Sambhal, Jhansi, Jalaun, Shahjahanpur, Hamirpur, Lucknow, Hapur, Gautam Buddh Nagar, and Fatehpur. Additionally,…

InfrastructureLatest Stories

UP budget allocates ₹750 crore for Noida airport

LUCKNOW: The Uttar Pradesh government has announced an allocation of Rs 2,111 crore for the civil aviation sector in the 2026-27 Budget, emphasizing the development of the upcoming Noida International Airport, as per an official statement following the Budget presentation. Out of this total allocation, Rs 750 crore is designated for the development of the Noida International Airport in the Jewar area of Gautam Buddha Nagar district. The first phase of the airport is being developed through a public-private partnership. The government has also decided to expand the project from the initial plan of two runways to five runways. Efforts…

IndustryLatest Stories

₹3,000 Crore Allocated for Western UP Townships

LUCKNOW: To address the growing need for affordable housing in western Uttar Pradesh, the state government has allocated nearly Rs3,000 crore. This funding will assist families in Agra, Mathura-Vrindavan, Moradabad, and Bagpat, as new townships equipped with modern amenities are set to be developed in these cities. One township will be established in Agra, Moradabad, and Bagpat, while Mathura, a popular religious site, will receive two township projects. Approved in January, the funds are aimed at accumulating the necessary land for the township developments. Local housing development authorities submitted proposals to the housing department last year, requesting initial capital under…

Latest StoriesResidential

UP CM Implements OTS Scheme for Housing Allotment Cases

File Photo LUCKNOW: Chief Minister Yogi Adityanath emphasized the need for a solution-oriented approach to resolve longstanding disputes during a meeting on Wednesday, directing the swift execution of the new One Time Settlement (OTS-2026) scheme aimed at efficiently addressing pending residential and commercial allotments. During the review of housing agencies’ performance, the CM urged senior officials to adopt a flexible approach to legacy issues. Highlighting the significance of one-time settlement schemes, Yogi instructed officials to expedite the allotment of residential units and commercial land that were previously unavailable due to defaults or disputes. The housing board (Avas Vikas Parishad) recently…

IndustryLatest Stories

Uttar Pradesh Housing Board Raises ₹1,000 Crore via New Scheme

LUCKNOW: The housing board has generated an impressive revenue of ₹1,000 crore through its first-come-first-served scheme, launched in October last year. This initiative aims to sell off old units that had remained unsold for various reasons, officially beginning on October 31. The Uttar Pradesh Awas Vikas Parishad compiled a list of unsold properties statewide. Information about the flats, including their coordinates, photographs, and addresses, is available on a centralized portal managed by the department. Housing Commissioner Balkar Singh mentioned that 2,141 flats have been booked by buyers so far, adding that “the scheme is effective until March 31.” To make…

IndustryLatest Stories

Housing Dept Approved to Launch UP Redevelopment Plan

LUCKNOW: The state government has approved the housing department to proceed with the UP redevelopment policy. This initiative is designed to unlock key land parcels in urban areas, providing a framework for housing development authorities to process applications from private entities interested in redeveloping properties. Officials noted that numerous houses and buildings in prime locations remain underutilized due to factors like disputes, poverty, resource shortages, and decay. In many instances, tenants are left residing in dilapidated structures that urgently need repairs and upgrades. Private developers will have the opportunity to consult with stakeholders engaged in the redevelopment process to collaboratively…

Latest StoriesResidential

Aadhaar-Based Property Registration in UP Starts Feb 1

LUCKNOW: On Thursday, the state cabinet approved a proposal for an Aadhaar-based authentication system for property registration. Officials stated this initiative will combat land scams associated with fake registrations. State minister Ravindra Jaiswal mentioned that the decision was made during a review meeting led by Chief Minister Yogi Adityanath on August 28 of the previous year, with the new system set to launch in all sub-registrar offices starting February 1. Through a notification dated August 2, 2024, the UP Online Document Registration Rules, 2024 will be implemented. This will enable the electronic verification of Aadhaar holders using e-KYC, biometric authentication,…