GDA starts drone survey in 8 villages to map 541 ha for Harnandipuram township

Ghaziabad: The Ghaziabad Development Authority (GDA) has commenced a land and drone survey to acquire 541.1 hectares from eight villages for Harnandipuram township. The township’s contours, vetted by the GDA Board, will span from Pipeline Road in the north of the city to Northern Peripheral Road in the east and Morti in the south. The Hindon river will flow by certain parts of the township.

Of the 541.1 hectares to be acquired, a lion’s share — 247.84 hectares — will be acquired from Nangla Ferozepur, followed by 123.97 hectares from Shamsher. About 54.20 hectares will be acquired from Shahpur Morta, 53.26 hectares from Bhowapur, 39.2 hectares from Champat Nagar, 11.83 hectares from Bhanera Khurd, and 8.72 hectares from Mathurapur. Around 2.58 hectares will be acquired in Morti.As per one estimate, Rs 10,000 crore will be needed to develop Harnandipuram, most of it set to go into acquiring land. While state govt will bear 50% of the land cost under the CM Urban Expansion New City Promotion Scheme, GDA has to cover the rest. “GDA will need to raise at least Rs 5,000 crore for the new township. To meet the cost, we have hired a Lucknow-based agency to carry out its land and property audits. It will be monetised to meet the cost of the township. The agency has been asked to submit its report in two months,” an official said.For the remaining amount, the GDA will have to bank on the fees accumulated under the compounding head and from the map layout charges.

Nicobar swap: 24k hectares of Aravalis in 5 districts of Haryana get protected forest tag

Haryana tagged 24,353 hectares of Aravali land across five districts as protected forest for compensatory afforestation, offsetting the deforestation in Great Nicobar. Although the goal was 26,000 hectares, the state fell short by 1,647 hectares. The Union Ministry of Environment is in talks with Madhya Pradesh for the remainder, and Haryana will receive Rs 3,000 crore for the project.

Bharti Group acquire 24.5% stake in British Telecom: Other UK-based tech firms acquired by Indian companies

Bharti Global has decided to acquire a 9.99% stake in BT Group for approximately $4 billion, making it the largest shareholder in Britains leading broadband and mobile company. This move follows Bharti's previous relationship with BT. The deal awaits regulatory approval for the remaining stake and involves no plans for a full takeover or board position.

Lifeline for Hyderabad as Jindal Group steps forward to acquire club

Hyderabad FC faced months of uncertainty due to rising debts and player departures over unpaid salaries. However, the club was given a lifeline by BC Jindal Group, which signed a term sheet for acquisition. Due diligence will decide the final takeover. The move aims to resolve debts, unpaid dues, and taxation issues before the ISL starts on September 13.

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