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Time of India
3 days ago
- Business
- Time of India
UP set to sign fresh lease with third-party developers for 13 Sports City projects
Noida: Yamuna Expressway Industrial Development Authority (YEIDA) is set to execute fresh lease deeds with third-party developers of 13 Sports City projects, following an Allahabad High Court decision allowing it to cancel the allotment of 1,000 hectares to Jaiprakash Associates Ltd in March this year. Officials said these 13 projects involved 13,132 buyers across sectors 25 and 19. According to them, executing the fresh deeds had become mandatory following the HC's decision, which nullified every reference to JAL in previous agreements. Apart from these lease deeds, a new tripartite agreement will be signed between the developers, homebuyers and YEIDA. While cancelling the allotment of land and upholding the interest of third-party developers (sub-lessees), a division bench of Justices Manoj Kumar Gupta and Kshitij Shailendra had on March 10 set a strict timeline for implementation. "Undoubtedly, the terms and conditions should be the same, as between JAL and the sub-lessees subject to the right of YEIDA to recover its dues. Upon execution of the lease-deed, YEIDA will stand substituted in place of JAL on the same terms and conditions as contained in sub-lease deeds between JAL and sub-lessees," the court said. YEIDA was asked to issue individual notices to the third-party developers within four weeks and complete all documentation in 12 weeks. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo In the 13 projects, the Authority has identified 9,902 sanctioned flats and 3,230 residential plots. Its CEO Arun Vir Singh said developers could upload their documents on the Authority's portal by June 21, the same deadline that applies to homebuyers. The developments in these 13 projects range from high-rise towers to villa plots. While Imperia Homes Planners has approvals for 629 flats in Sector 25, Royal Hometown Planners has 480 flats, of which 224 have been sold. Pyramid Townships' two parcels together make up 615 units. Gaur Sons' twin high-rise parcels in Sector 19 account for 3,104 units, followed by Solitaire Real Infra's tower cluster, which has 2,250 sanctioned flats. Gaur Sons' colony in Sector 19 has 3,230 plots, with 2,210 of them already sold. Presidency Infra Heights, MSA Developers, VGA Buildtech, Homes & Soul Infratech, and Imperia Structure add 2,824 more units between them. The March 10 ruling ended a five-year legal battle in the Allahabad HC. The case began after YEIDA cancelled JAL's Sports City allotment on Feb 12, 2020, over mounting dues. JAL, which was allotted the land parcel in a special development zone (SDZ) in 2008, had promised an international sports, education, and healthcare hub anchored by the Buddh International Circuit. It launched 12 housing schemes on its own and sub-leased the additional land for 13 more projects by third-party developers. JAL challenged the cancellation of land, and initially secured a stay order. But after multiple hearings, the HC upheld YEIDA's right to reclaim the land. On March 10, the court also asked YEIDA to complete JAL's 12 partially built housing projects with staggered deadlines — one year for projects 75% complete, 18 months for those at 50%, 30 months for 25% ready projects, and three years for the rest. A monitoring committee comprising govt officials, YEIDA executives, Rera representatives, and homebuyers' nominees will oversee the implementation. While YEIDA was preparing to bring in a construction partner, an interim order by the Supreme Court last month — restraining the Authority from appointing new developers without its permission — has temporarily halted the process. The matter will be heard again on July 19.
Time of India
3 days ago
- Business
- Time of India
Varanashi Farms pilots solar panel upcycling project
Mangaluru: Varanashi Farms in Adyanadka of Dakshina Kannada district, known for its regenerative organic farming that merges modern soil biology with traditional Vedic farming practices, is probably the first site in India to pilot Surya Arka, an innovative solution that upcycles end-of-life (EoL) solar panels. As part of a collaborative research initiative between the Indian Institute of Science (IISc) and Imperial College London, the farm installed solar arches, a hybrid structure that combines four functional photovoltaic panels with 20 decommissioned ones, repurposed using polytunnel technology to create a resilient, energy-generating nursery for cacao saplings. "The placement of these panels is based on light diffusion specs tailored for cacao (coco) and pepper nursery plants. We are blending smart design with regenerative farming to create optimal growing conditions," Partha Varanashi, CEO of Varanashi Farms told TOI. Established in 1846, Varanashi Farms practices multilayer cropping, cultivating over 100 plant varieties including coconut, cacao, nutmeg, black pepper, banana, and paddy rice. The new 14x4me nursery was assembled in just four days, using 25 factory-rejected panels from BHEL, repurposed aluminium scrap, and locally sourced acacia wood crafted by village carpenters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The design was developed by Asha Bakhai and Diego Muñoz Iglesias, students at the Dyson School of Design Engineering, in consultation with Dr Ashwini from Varanashi Farms and Dr Elena from Imperial College of London. "We have created a simple aluminium joint system that removes the need for expensive mounting infrastructure. It is low-cost, low-tech, and built for rapid assembly—perfect for rural and resource-constrained environments," said Asha. The structure includes a solar-powered irrigation system that sustains the nursery even during monsoons, demonstrating how discarded PV panels can be transformed into functional farming assets. The project team is also developing an open-source web platform that uses geospatial data to help users worldwide repurpose their decommissioned solar panels. In India, such panels could offer shade for buildings, power for Wi-Fi and lighting, or cooling for crops. In the UK, car parks, stadiums, and greenhouses could benefit from similar applications. The site is now a training ground for those visiting to understand sustainable agriculture. "We host students from around the world. This initiative helps them connect energy, ecology, and enterprise," said Partha. The project is funded by the IISc-Imperial Seed Grant and the Imperial India Connect Fund.
Time of India
27-05-2025
- Entertainment
- Time of India
Dipika Kakar informs being detected with second-stage cancer in liver; writes ‘I will walk out stronger'
Television actress Dipika Kakar has revealed that she has been diagnosed with stage 2 liver cancer. The Sasural Simar Ka star took to social media to share the heartbreaking news with her fans and well-wishers. In an emotional note, Dipika recounted the series of events that led to the discovery of the illness and expressed gratitude for the overwhelming love and support coming her way. View this post on Instagram A post shared by Dipika (@ 'As you all are aware, the last few weeks have been quite difficult for us,' Dipika wrote. 'Walking into the hospital for a pain in the upper area of my stomach… and then finding out it's a tennis ball-sized tumour in the liver, and then finding out that the tumour is second-stage malignant (cancerous), it has been one of the most difficult times we have seen and experienced.' Despite the daunting diagnosis, Dipika's spirit remains unshaken. 'I am all positive, determined to face this and walk out stronger, InshAllah! With my entire family being by my side and all the love and prayers pouring in from all of you, I will sail through this too,' she added. Last week, Dipika was hospitalised after experiencing high fever and persistent pain. Her husband, actor Shoaib Ibrahim, has been keeping fans updated through vlogs and social media. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo In a video shared on May 21, Shoaib revealed that Dipika fell ill while weaning their son, which eventually led to the diagnosis and hospitalisation. In a more recent update, Shoaib informed fans via Instagram stories that Dipika is now feeling better and has returned home. He also shared that doctors initially considered surgery to remove the tumour, which was scheduled for the following week. However, after reviewing PET scan reports, the decision was made to hold off on the procedure. Fans and fellow celebrities have been flooding social media with wishes and prayers for Dipika's speedy recovery.
