Odisha govt takes possession of lands of Ponzi firms
Around four months ago, the tehsildar issued notice to villagers and panchayat officers advising them not to buy or sell land of Ponzi firms
Feb 23, 2015
Source : Business Standard


Berhampur: Odisha government has taken possession of over 40 acres of land, belonging to three ponzi companies, in Chhatrapur tehsil of Ganjam district, officials said today.

Of the total land, 32.210 acres (21.735 acres in Laxmipur and 10.485 acres in Sidhurapalli mouzas), belongs to Artha Tatwa (AT) group, 1.766 acre to Safex Infra India Limited in Kanamana and Sindurapalli mouzas and 3.140 acres to Astha India Limited in Humuri mouza, they said.

"We attached and took possession of the land on the direction of Additional District Magistrate (ADM), Cuttack," said Tehsildar (Chhatrapur) S K Sahu.

Earlier, the government had taken possession of over 19.01 acres of AT Group and over four acres of Golden Land Private Limited in Chhatrapur tehsil and over 12 acres of land belonging to Safex Infra India Private Limited in Purushottampur tehsil, they said.

The additional district magistrate of Cuttack had directed the tehsildar (Chhatrapur) and Purushottampur to take possession of the land. "We have acquired almost all land of Ponzi firms," said the tehsildar.

Around four months ago, the tehsildar issued notice to villagers and panchayat officers advising them not to buy or sell land of Ponzi firms. Police have been directed to guard the land. "We assisted the tehsildar in taking possession of the land. We will also keep an eye on it according to high court's direction," a police official said.

Latest Realty News

Feb 23, 2015
NEW DELHI: Realty major DLF plans to divest around 50 per cent stake each in four new housing projects
Feb 23, 2015
NAGPUR: The new Housing Policy of Maharashtra will be ready for public announcement in the first week of May
Feb 23, 2015
BHOPAL: Promising partnership in housing projects, a company allegedly duped a retired Indian Air Force officer of Rs 8 lakh
Feb 23, 2015
New Delhi: Revival in the Indian Realty sector is still 12-18 months away
Feb 22, 2015
Kolkata: Govt of West Bengal's recent ‘Township Policy’ likely to benefit the developers
Feb 21, 2015
Gurgaon: Portal for affordable housing in Gurgaon to check graft
Feb 21, 2015
GHAZIABAD: The Ghaziabad Development Authority (GDA) has invited applications from builders who are keen to construct affordable houses
Feb 21, 2015
Greater Noida: The Greater Noida Industrial Development Authority (GNIDA) has proposed to amend its building bylaws in order to allow taller buildings in the city
Feb 21, 2015
CHENNAI: People who lose land for open space reservation (OSR) facility like parks can look forward to enjoying the development rights of the forfeited land on their residual plots by transferring the FSI to it
Feb 21, 2015
KOLKATA: After filing the supplementary chargesheet in the Saradha Realty case this week, CBI is focusing on the fourth FIR filed against Saradha Construction

Latest Realty News Of State

Realty Talk's