Compensation announced to ryots in Mohali road project

20 Feb 2013 Editorial Team

Decks have been cleared for Mohali airport road as the Greater Mohali Area Development Authority (GMADA) announcing the highest compensation rate in the district so far, at Rs 2.37 crore per acre to farmers for acquiring 46 acres, decks have been cleared for nearly 3 km of the proposed 8-km airport road, which would stretch the dividing road of Phases 7 and 8 of the Industrial Area in SAS Nagar further to connect with the Kharar National Highway (NH)-21.

The Chief Administrator of GMADA, AK Sinha informed that the latest compensation rate of Rs 2.37 crore per acre was the highest compensation announced till date in the district. Tenders are ready and will be floated within a couple of days. GMADA is hopeful of starting the work within 15 days and the road will be completed within five months.

GMADA has already paid the compensation money to the land acquisition collector (LAC) of the district, he said. The uncompleted stretch was hanging fire for the past four years as farmers from Ballomajra, Bareali and Desumajra villages had moved the high court against land acquisition, stating that they did not want to part with their land falling under the proposed urban estate.

Last May, the Punjab and Haryana high court had given a green signal to the road, but had quashed GMADA's proposal of acquiring land for the urban estate, along the side of the road. GMADA had come up with a bypass road from Sector 74 in SAS Nagar to Kharar, but it could not be connected to the NH-21 as the 3-km stretch could not be constructed due to farmers' protest.

Commuters heading towards Punjab can now take the airport road from Zirakpur and directly reach the National Highway-21 near Kharar, passing through Sector 74 and Phase 8 of the Industrial Area in SAS Nagar.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..