UPSIDA to Cancel Delayed Lease Allotments

12 Nov 2024 CW Team

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has announced a new policy measure in Ghaziabad to streamline land allotments and ensure timely development. Effective immediately, UPSIDA will cancel land allotments if allottees fail to execute lease deeds within specified deadlines, typically within a few months of allotment. This move is designed to curb delays in industrial and commercial development on allotted land, encouraging faster infrastructure growth and reducing idle plots.

UPSIDA's decision comes in response to longstanding issues where many allottees delayed or failed to execute lease deeds, leading to underutilization of land resources. Officials have emphasized that these cancellations aim to make land available for proactive developers and businesses. UPSIDA is working on further strengthening its policies to expedite infrastructure and industry projects, ultimately attracting investment and creating jobs in the region.

To enforce this policy, UPSIDA will be closely monitoring allotments and will issue reminders to allottees nearing deadlines. Those who fail to comply will face automatic cancellation of their allotment rights. UPSIDA aims to foster a more accountable land allocation process, with the long-term goal of optimizing land usage for both economic and community benefits in Ghaziabad and surrounding regions.

The new policy is anticipated to significantly impact current allottees, many of whom may need to expedite their processes to avoid cancellations. Additionally, it sets a clear precedent for potential future allottees about the importance of timely action in land development.

Infrastructure Transport

16 Jun 2025

Lack of Bidders Stalls VOC Port鈥檚 Rs 70.56 Bn Harbour Project Again

The VOC Port Authority鈥檚 Rs 70.56 billion outer harbour project has once again faced a setback, with the latest tender process cancelled due to the absence of qualified bidders. This marks the second failed attempt to secure participation for the mega infrastructure initiative.The tender has reportedly been withdrawn from the active list of bids, and the authority is now expected to re-evaluate and possibly restructure the project to enhance its appeal to potential developers.The port authority had initially floated the Request for Proposal (RFP) in December 2024, following the cancellation ..

Infrastructure Transport

16 Jun 2025

Sea Lord Containers Opens Cryogenic LPG Terminal in Mangalore

Sea Lord Containers (SCL), a wholly-owned subsidiary of Aegis Logistics, has commissioned a new cryogenic Liquified Petroleum Gas (LPG) terminal in Mangalore. The facility, which became operational on 12 June 2025, offers a static storage capacity of 82,000 metric tons (MT), significantly strengthening the region鈥檚 LPG logistics infrastructure.The terminal was developed by SCL on behalf of Aegis Vopak Terminals, an associate company of Aegis Logistics. The asset is expected to be transferred to Aegis Vopak Terminals Limited at a later date, with formal updates to be shared separately with st..

Infrastructure Urban

16 Jun 2025

Cochin Port and Oil India Partner for Offshore Exploration Support

The Cochin Port Authority (CoPA) has signed a Memorandum of Understanding (MoU) with Oil India (OIL) to establish a shore base facility supporting offshore oil exploration in the Kerala-Konkan Basin. The agreement was formalised at a ceremony held at CoPA, Willingdon Island, on 12 June 2025, in the presence of senior officials from both organisations.Under the partnership, Cochin Port will provide critical logistics infrastructure for OIL鈥檚 offshore drilling operations, expected to begin later in 2025. The planned shore base will include a dedicated warehouse, dry bulk handling plant, and an..