The plot is set to be developed into a premium commercial complex. The deal not only sets a new benchmark for Nagpur’s real estate market but also highlights the growing commercial appeal of Orange City Street corridor.
This move will grant Maharashtra Metro Rail Corporation Limited (Maha Metro) full ownership of the plots, enabling them to commercially develop the properties and boost non-fare box revenue.
The decision to scrap the e-draw — announced through a public notice on Thursday (May 1) — came after alleged "technical discrepancies and regional bias" raised serious concerns over the fairness of the process.
"There are around 2,000 hutments in Janta Colony. Residents were given time to present their case against the demolition of hutments. After following due process, these will now be demolished as the govt land was encroached illegally," said a UT official.
alt.f recently opened 56,000 sq ft centre in Nanakramguda Financial District, Hyderabad with an investment of ₹8 crore. This is its first centre in the city and has over 1,200 seats capacity.
In January 2024, a man named Sai Prashant visited Padma and claimed ownership of the same flats, presenting registered sale deeds dated September 13, 2021.