The Uttar Pradesh government has revised its guidelines for commercial plot allotments to enhance transparency and accountability. Under the new rules, individual bidders must now independently meet all technical criteria, including net worth, solvency, and turnover, rather than relying on their holding companies' qualifications. This revision follows controversies over land allotments to two subsidiaries of Gurgaon-based M3M Group earlier this year. In May, the state government cancelled plots allotted to Lavish Buildmart and Skyline Propcon due to violations of eligibility terms. Allegations arose that these plots were awarded at non-competitive rates, with minimal bid increases. The updated guidelines aim to eliminate procedural irregularities and ensure fair competition in commercial land allocations.

Contact: Uttar Pradesh Government

 

Website: www. up.gov.in