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Latest News In and around Lucknow

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  • Re : Latest News In and around Lucknow

    Lucknow development body moots OTS scheme for home allottees

    LDA officials said the allottees, who have not paid their installments, will get a discount of 10% besides waiver on fine on the pending amount.
    • TNN
    • July 29, 2020, 16:00 IST

    LUCKNOW: After facing a total loss of Rs 41 crore since the lockdown till now, cash-crunched Lucknow Development Authority (LDA) has proposed one time settlement (OTS) scheme for its home allottees to shore up revenue.

    LDA officials said the allottees, who have not paid their installments, will get a discount of 10% besides waiver on fine on the pending amount. There are more than 26,000 defaulters on the list who have not paid the EMIs for the past four months, officials added.

    LDA finance controller Rajeev Kumar Singh said that a proposal for implementing the OTS scheme has been sent to the state government for approval.

    “We have incurred loss of over Rs 41 crore due to Covid-19 pandemic. The OTS scheme will attract defaulters to pay the pending amount, else we will have to take strict action against them,” he added.

    As per LDA records, nearly 50% of the revenue comes from the sale of housing and commercial units, while around Rs 8 crore is generated through ticketing at parks under its jurisdiction and Rs 10 crore from parking slots.

    Other source of revenue generation for LDA are map layout approval (Rs 6 crore), rent from housing and commercial properties (Rs 23 crore), and monetary penalty imposed on violation of construction norms.














    https://realty.economictimes.indiati...ttees/77237831
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    • Re : Latest News In and around Lucknow

      Solar rooftops must for upcoming houses on 500 sq meter in Lucknow

      The Lucknow Development Authority has made solar rooftops mandatory for issuing a completion certificate to any construction work falling under the above parameters.
      LUCKNOW: Planing to build a housing or commercial unit on a 500sqm land? Add solar panels in the list of materials you need to invest. The Lucknow Development Authority has made solar rooftops mandatory for issuing a completion certificate to any construction work falling under the above parameters.

      The decision was taken by LDA board on Tuesday as per the new state government policy to maximise the use of renewable energy. Lucknow will be the first state to implement the policy and it will brought in other districts as well.

      The housing units will include apartments and row houses, while commercial units will include hospitals, nursing homes, guest houses, hostels and restaurants, among others.

      Those constructing row houses will have to install solar panel themselves, while in apartments and commercial units the responsibility will be of the builder. LDA will also install solar power plants in its upcoming housing and commercial projects, said LDA secretary MP Singh.

      “Besides, we will urge those who already own properties on 500sqm or above land to install solar panels in their premises, although it will not be mandatory,” he said.

      He said LDA will assist people in getting details of how to install the facility on their campuses.










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      • Re : Latest News In and around Lucknow

        Lucknow development body to build new township with 6,000 housing units

        The authority has prepared a blueprint for the acquisition of 2,052 acre land in nine villages for the scheme. The township will accommodate around 22,000 people and 1,500 commercial units will also be part of it.

        LUCKNOW: Lucknow Development Authority (LDA) will construct a township comprising around 6,000 housing units on over 2,000 acre land on Sultanpur road.

        The authority has prepared a blueprint for the acquisition of 2,052 acre land in nine villages for the scheme. The township will accommodate around 22,000 people and 1,500 commercial units will also be part of it.

        According to LDA officials, the township will also have facilities like community centre, school, parks, bank, shopping complex, temple and a swimming pool.

        “The project, which will come up at an estimated cost of Rs 148 crore, will be completed by the end of 2025, if the land acquisition process is completed by March 2021 and the construction begins soon after,” an official said. The proposal for the township on Sultanpur road was approved by the LDA Board on July 24.

        Earlier, a private developer had proposed a township on 700 acre land at the same place. However, LDA Board cancelled the approval granted to it earlier after finding irregularities in paperwork.

        It was then decided that LDA will construct a township nearly three times bigger than the one proposed by the private player. It was also decided that land will be acquired from nine villages – Malakpur, Dhakwa, Bajpur, Malauli, Chaurahia, Yaad Sarai, Dularmau, Salauli and Samenapur – for the purpose.

        LDA secretary MP Singh said, “The process for land acquisition will start from October. Currently, we are preparing a list of land owners who will be compensated after acquisition.”












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        • Re : Latest News In and around Lucknow

          HC judges have diverse say on land conversion plea

          TNN | Aug 28, 2020, 04:33 IST




          Lucknow: The Lucknow bench of Allahabad high court on Thursday recorded varied opinions on a plea seeking conversion of leasehold rights to freehold rights of property worth crores in Nishatganj ward Mohalla Baba Ka Purwa in favour of petitioner Prayas Buildcon Pvt Ltd.

          Justice PK Jaiswal of the division allowed the plea, while Justice DK Singh of the same bench not only dismissed the writ petition but also imposed Rs 10 lakh fine on the petitioner builder. Justice Singh also asked the registry to place the file before the Chief Justice for constitution of a larger bench to consider some questions.

          Holding that the instant writ petition was a second petition, Justice Singh set questions as to whether the second writ petition was maintainable, whether it was not abuse of process of court and whether it was not barred by principle of res-judicata.

          Filing the petition, the builder had demanded that the housing and urban planning department and other government agencies should proceed in accordance with the directions issued on May 17, 2019 passed in a previous writ petition. It also wanted that the respondents issue a demand letter to the petitioner in furtherance of such conversion process, seeking deposit of the remaining 75% amount as per the valuation rates.

          In fact, M/s Upper India Couper Paper Mills Co Ltd had leased out the land in question to the petitioner in 1940s. The petitioner has been litigating for long for conversion of the land into freehold.

          Allowing the plea, Justice Jaiswal said, “The instant writ petition is the third round of litigation on an almost identical issue. Thirteen years have passed from the date of the application . This is an extremely cumbrous and ineffective procedure. It puzzles us why Lucknow Development Authority could not dispose of the conversion application.”

          Expressing contrary view, Justice Singh said, “The relief claimed by the petitioner is barred by principles of res-judicata/constructive res-judicata and, therefore, this writ petition is not maintainable.” Justice Singh added, “The petitioner has tried to pollute the stream of justice by resorting to tactical approach contrary to law by filing an application and finding the bench inconvenient, during the pendency of the said application, the present writ petition has been filed.”









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          • Re : Latest News In and around Lucknow

            Lucknow development body to build rental flats for outstation students

            The first such 13-storey apartment block will come up in Aishbagh for which LDA has identified over 10,400 square metres of land.
            LUCKNOW: Lucknow Development Authority (LDA), which till now used to build and sell housing units, will soon also develop rental apartments on public private partnership (PPP) basis.

            The first such 13-storey apartment block will come up in Aishbagh for which LDA has identified over 10,400 square metres of land.

            Officials said that each flat will consist of an attached bathroom, ventilated bedroom, balcony and a kitchen. The rent will be around Rs 5,000 per month. The target group is students who come to the city from various parts of the state and country, besides single persons employed here.

            LDA chief engineer Indu Shekhar Singh said, “The tender for construction work of the apartment will be finalized on Saturday. This will be the first time that LDA will rent out flats after construction. Around 150 1 BHK flats will be constructed with an estimated cost of Rs 163 crore. The deadline is January 2022,” he added.

            The development authority will invite architects and builders to submit their designs and layout maps for the construction work. In the presentation, developers will have to explain the design of the rental complex along with its financial model.

            LDA will provide the land to the builder, while construction will be done by the promoter.











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            • Re : Latest News In and around Lucknow

              RWAs warn of stir over delay in repairs by Lucknow development body

              At the time of registration of flats, LDA took Rs 10,000-12,000 from each allottee as part of corpus funds. The amount is kept by the authority till the time RWAs are formed.
              • TNN
              • September 27, 2020, 10:23 IST

              LUCKNOW: Residents Welfare Associations (RWAs) of eight apartments in Gomtinagar and Gomtinagar Extension have warned of a protest if Lucknow Development Authority doesn’t release their corpus funds to carry out maintenance works pending for three years.

              At the time of registration of flats, LDA took Rs 10,000-12,000 from each allottee as part of corpus funds. The amount is kept by the authority till the time RWAs are formed. After that, LDA hands over the responsibility of maintenance to its welfare association along with the fund.

              In 2017, LDA handed over the responsibility of maintenance work in eight apartments in Gomtinagar and Gomtinagar Extension — Ganga, Yamuna, Sunrise, Kalptaru, Sargam, Kaveri, Greenwood and Alaknanda — to RWAs. However, the Rs 9-crore corpus has not been released till date. As a result, RWAs are unable to carry out maintenance of lifts, boundary walls, fire safety equipment and CCTVs.

              Gomtinagar Vistaar Jankalyaan Mahasamiti, a parent body of these RWAs, is planning to protest outside LDA office in Gomtinagar.

              Its president KK Singh said, “LDA is turning a deaf ear to our demands. We are not asking LDA to carry out the maintenance work from its budget, but from the corpus created by the money deposited by the allottees.”

              LDA vice-chairman S K Dwivedi said, “About 50% of the corpus fund will be released soon. We won’t be able to release the entire amount due to financial crisis.”









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              • Re : Latest News In and around Lucknow

                Lucknow development body demolishes two colonies & a commercial complex

                District magistrate Abhishek Prakash, who also has the charge of LDA vice-chairperson, said total 6.8 hectare land worth Rs 5.9 crore was freed during the exercise.
                • TNN
                • November 05, 2020, 11:00 IST
                File photo LUCKNOW: Two housing colonies and a commercial complex were among the unauthorised constructions which were bulldozed by joint teams of Lucknow Development Authority (LDA) and district administration on the third day of the three-month long drive on Wednesday.

                District magistrate Abhishek Prakash, who also has the charge of LDA vice-chairperson, said total 6.8 hectare land worth Rs 5.9 crore was freed during the exercise. “So far, over 34 hectare worth about Rs 50 crore has been made free of encroachment,” he said.

                A housing colony on 50 bigha land on Jail Road under Gosainganj police station was demolished. The colony was being constructed without due approval of the map from the development authority. The developer was warned several times but when he did not pay heed, the LDA squad razed all the unauthorised construction, officials said.

                Another housing colony on Bharwara road, which was being constructed without the approval of map, was also demolished. Similarly, a three-storey commercial complex being constructed without map approval in Balaganj was bulldozed. The owner was sent notice two weeks ago to vacate the premises.

                At Amausi village in Sarojininagar, encroachment of two bigha land was removed, officials said.









                https://realty.economictimes.indiatimes.com/news/regulatory/lucknow-development-body-demolishes-two-colonies-a-commercial-complex/79054784

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                • Re : Latest News In and around Lucknow

                  Lucknow development body to offer Rs 6 lakh discount on its flats

                  The flats are available in two categories — three bedrooms, and three bedrooms plus kids room. While the original cost of three bedrooms constructed at 95.96 sq metres is Rs 37 lakh, the new price for the unit is around Rs 31 lakh.
                  • TNN
                  • January 05, 2021, 12:01 IST

                  LUCKNOW: Lucknow Development Authority has announced discount upto Rs 6 lakh on flats in its Devpur Para project. This is being done to attract more buyers.

                  The flats are available in two categories — three bedrooms, and three bedrooms plus kids room. While the original cost of three bedrooms constructed at 95.96 sq metres is Rs 37 lakh, the new price for the unit is around Rs 31 lakh. Similarly, flat with three bedrooms plus kids room constructed at an area of 90.87 sq metres will cost Rs 29 lakh. Its earlier price was Rs 35 lakh.

                  LDA recently completed the construction of 1,600 flats in the project, while 1,000 flats are yet to be built. The registration for flats was opened in 2015.

                  LDA chief engineer Indu Shekhar Singh said allottees who have registered since 2015 will also be given the flats on the revised price. Buyers who have paid the full amount for the flats will be returned the additional amount, he added.

                  In November 2019, LDA had given discount upto 10% in its several housing projects in the city exclduing the Devpur Para since it was not ready then.













                  Lucknow development body to offer Rs 6 lakh discount on its flats, Real Estate News, ET RealEstate (indiatimes.com)
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                  • Re : Latest News In and around Lucknow

                    Lucknow development body sells over 100 apartments in December 2020

                    As per LDA records, as compared to 211 flats in 2019, LDA sold 275 units in 2020, including 105 in December. Flats sold last month were in Jankipuram Extension, Sitapur Road, Kanpur Road and Sultanpur Road.
                    • TNN
                    • January 09, 2021, 11:59 IST

                    LUCKNOW: The Lucknow Development Authority (LDA) has sold over a hundred flats in December month which was almost 50% of the total flats or housing units sold by the authority in 2019.

                    The achievement has come as a boost to LDA which has been reeling under financial crisis since lockdown.

                    As per LDA records, as compared to 211 flats in 2019, LDA sold 275 units in 2020, including 105 in December.

                    Flats sold last month were in Jankipuram Extension, Sitapur Road, Kanpur Road and Sultanpur Road. Most of these units were under middle (63 flats) and lower (28) income groups. Nine flats were in the high income group.

                    LDA collected Rs 6.3 crore as registration money of 105 flats while the total revenue would be Rs 27 crore when all the payments are made.

                    LDA officials said sales were low in the first 10 months due to Covid-19. As incomes dropped, people were not willing to make investments.

                    However, buyers are now coming forward, which indicates that people are confident about economic revival.

                    “There is a feeling among lower and middle classes that money will grow more if invested in property,” a senior officer said, adding that people were investing in LDA flats as they were cheaper than the ones being offered by private players.

                    District magistrate and acting vice-chairman of LDA, Abhishek Prakash, had also given targets to engineers to sell flats/housing units in vacant housing projects in December with the promise for award to those who meet targets.

                    To increase the sale of housing units in future, LDA has decided to introduce a single-window system wherein buyers will not have to run around to complete formalities.

                    “At present, if anyone has to purchase a unit, he needs to visit LDA headquarters or zonal office several times for registration and payment. However, in a single-window system, each engineer will be given the task to ensure the registration work is done right after the buyer finalizes the unit,” Prakash said.

                    Currently, LDA has more than 3,500 vacant flats in its several projects in Jankipuram Extension, Kanpur Road, Sitapur Road and Gomtinagar Extension, among others.














                    Lucknow development body sells over 100 apartments in December 2020, Real Estate News, ET RealEstate (indiatimes.com)


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