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[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mention under.

LUCKNOW: The state cabinet on Tuesday approved of Rs 2,890 crore for acquisition of 1185
hectare land for phases 1 and 2 of Noida International Airport in Jewar.

This includes Rs 163 crore under the Right to Fair Compensation and Transparency in Land
Acquisition, Rehabilitation and Resettlement Act, 2013.

Approval was also given to transfer 36 hectare land out of the total 1,363 hectare for the
development of the first two phases, from the Yamuna Expressway Industrial Development
Authority 36 hectare land transfer to civil aviation department.

The cabinet also promulgated the UP Panchayati Raj Reservation and Allotment of Seats and
Offices (Twelfth Amendment) Rules, 2021. The move came a day after the Allahabad high
court ruled that the base year for reservations for the upcoming panchayat elections has to
be 2015, which will now require the government to completely change the new reservation
system it had introduced this year.

The amendment will be applicable from the upcoming elections under which rotation of
reservation will be as per the system followed in 2015.

The cabinet also allowed the UP Power Corporation Limited and power distribution companies
to take long term transactional loans of up to Rs 7,000 crore. The government will provide
guarantee for it. An official said that the funding was required as power companies had
suffered huge losses during the Covid-19 lockdown in 2020.




Read more at: https://realty.economictimes.indiatimes.com/news/infrastructure/uttar-pradesh-cabinet-approves-rs-2890-crore-for-noida-international-airport-land/81546124

KAMA GROUP
New Delhi
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