IDA got hold of new land?

Q: Hey was the IDA able to get some new land recently? I was hearing something about this from a colleague. Can anybody tell me more?

Prateek Mishra, Indore

24th July 2014

Real estate News in Indore

indore development authority projects

ida projects

ida land possession

indore shalimar township land

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Yeah I’ve heard the same things. It is the land at Scheme no 78, Niranjanpur 2nd phase right? I would also like to add the fact that 11% of this 2.99 acre land has already been signed over for the construction of a bus terminal under the BRTS. Other land issues were also sorted out in this meeting, mostly about land acquisitions in scheme no 176. The paperwork has been completed and sent to the state government for further progress.

Harsh Somani, Indore

25th July 2014

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Ok so what I’ve heard is that there was some disagreement over the ownership of the land between the Chhawla builders and the Indore development authority. This whole land comes to almost 3 acres. According to the court rulings, the IDA will now own 39% of this land and the remaining land should stay with the land owners. Also, the proposal to construct a marriage hall here on this land was actually found to be illegal. So the IDA withdrew that.

Vaibhavi Jain, Indore

25th July 2014

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Yeah, your colleague is right actually. IDA recently came into possession of the land opposite the Shalimar Township few weeks back. The land was priced at Rs 40 crores, but the IDA didn’t have to pay anything as per the court proceedings. I think they have got this land to build some kind of a marriage hall cum reception centre. There was initially some dispute over this land, but it looks like it has all been sorted out.

Rahat Amin, Indore

24th July 2014

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