Land Bank

Arvind, Raymond: Textile stocks with land bank may rise up to 16%

Selective textile stocks are developing robust chart structures

Government identifying PSUs with land bank but little business for selloff

The government is identifying public sector organisations with little to no business activities that are sitting on land banks to privatise or sell off

Haryana formulates policy to create land banks for govt dept, corporations

The Haryana government has provided an option to them by formulating a policy to create land banks for government departments, boards and corporations

Integration of industrial land bank system by Dec: Commerce ministry

The India industrial land bank system has been integrated with industry-based GIS systems of 17 states so far and will achieve pan-India integration by December 2021, the commerce and industry ministry said on Friday. The system is a GIS-based portal - a one-stop repository of all industrial infrastructure-related information connectivity, infra, natural resources and terrain, plot-level information on vacant plots, line of activity, and contact details. Currently, the land bank system has about 4,000 industrial parks mapped across an area of 5.5 lakh hectare of land, serving as a decision support system for investors scouting for land remotely. "The system has been integrated with industry-based GIS systems of 17 states to have details on the portal updated on a real-time basis and will achieve pan-India integration by December 2021," it said. Its website, it said, has seen a 30 per cent increase in page views each month since April and received 55,000 page views in June. "Regar

Govt to seek approval from Cabinet to set up a land bank company

DIPAM finalises structure of the company that will sell land parcels of govt departments and PSUs

Supertech targets Rs 2,300 crore from sale of plots in three states

Realty firm Supertech Ltd on Wednesday said it will expand plotted development business and targets to sell plots worth Rs 2,300 crore this year in Uttar Pradesh, Haryana and Uttarakhand, as part of its plan to monetise land bank for retiring debt and completion of existing projects. Supertech Group will offer independent plots on land area of about 53 lakh sq ft, which is around 125 acres, in various cities across three states, the company said in a statement. The company will offer 2.43 lakh sq ft in Ghaziabad, 16.65 lakh sq ft in Gurugram, 8.73 lakh sq ft in Greater Noida, 8.1 lakh sq ft in Yamuna Expressway, 3.6 lakh sq ft in Meerut and 13.5 lakh sq ft in Rudrapur. Supertech Chairman R K Arora said the demand for independent plots has surged after the outbreak of the COVID-19 pandemic. He said the company estimates "a total revenue of Rs 2,300 crore on sale of developed plots, out of which Rs 1,000 crore will be utilised for liquidating the existing loans, Rs 300 crore to clear

Without red tape, plans to let private sector manage surplus land can work

It took nearly 70 years for the Government of India to recognise the merits of allowing the private sector to manage surplus government land

Centre likely to go Canada way to set up SPV for land monetisation

Over the years, PSUs have been unsuccessful in selling their land assets due to pending litigation and lease terms

Best of BS Opinion: GST compensation issue, the land bank, and more

Here's a selection of Business Standard opinion pieces for the day

The land bank

SVAMITVA will enable landowners to monetise their assets

Working on idea of land bank to help small businesses: Nitin Gadkari

The minister also said there was a need to think how India could increase exports and reduce import dependence

Yogi govt to create 5,000 acres of land bank

Land bank would be created under different development authorities, including Greater Noida, Lucknow Industrial Development Authority and Yamuna Expressway