LDA Lucknow To Take Custody Of Aishbagh Small Scale Industries Plots

LDA estimates that more than 3,000 flats under PMAY can be built in this area. The land is over 50 acres and there are around 571 plots. Of these, 190 are industrial while the rest comprise residential areas.

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LDA Lucknow To Take Custody Of Aishbagh Small Scale Industries Plots

More than 120 small-scale industries in Aishbagh and a few bordering Talkatora industrial area are left in the lurch as the lease of the land on which they had been operating for 90 years will not get renewed by its parent department Lucknow Development Authority (LDA).

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LDA has decided to stop the renewal of all Aishbagh plot leases. These industries would either have to look for industrial land elsewhere or buy the same land in an auction from LDA, which would cost a bomb.

These plots have been under lease since 1921. Those which got land on lease in 1928 are due for renewal in 2018. The lease of many plots had already expired long ago. LDA has decided not to renew them but take custody of these plots for building housing and commercial projects.

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LDA vice-chairman said we cannot give land on the lease now as per policy. Those who want to stay have to buy it in an auction from us at the current DM circle rate. Since we need a big chunk of land to build affordable housing under the Centre’s Pradhan Mantri Awas Yojana (PMAY), we have decided not to renew the expired lease but build flats instead. I have asked the tehsildar to settle all such plots case by case.

LDA estimates that more than 3,000 flats under PMAY can be built in this area. The land is over 50 acres and there are around 571 plots. Of these, 190 are industrial while the rest comprise residential areas. A few have got free-hold from LDA but a large part is surviving on leased land.

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Tehsildar said we will first look for plots whose lease has already expired and take its right. Then we will take up cases of industries whose lease about expires.

Source Link- https://timesofindia.indiatimes.com/

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