- Current progress
- Surrounding villages
- Future plans
- Sports facilities
- Theme park
- Other facilities
- Awards and recognition
- related news
- Environmental damage
- Initial Public Offering (IPO) Process
- Land acquisition
- Use of water resources
- Orders to halt construction
- Lavasa Ipo
- email this article
- Lavasa ipo issue date
- lavasa ipo
- HCC shelves Lavasa IPO plan for third time
- Sebi seeks clarifications on Lavasa IPO plan
Town in Maharashtra, India
Lavasa is a private, planned city being built near Pune. It is stylistically based on the Italian town Portofino, with a street and several buildings bearing the name of that town.
A 25,000 acres (100 km2) or 8,000 acres (32 km2) project being developed by HCC, this as-yet-incomplete city has been controversial for multiple reasons including procurement of land, harm to the environment, and loans acquired through political corruption.
In late 2010, the Indian Environment and Forests Ministry ordered that construction cease because the project violated environmental laws. As of late 2011, this order has been rescinded. The project's scale may have been reduced, however, and an initial public offering may not occur. The head of the company building the project said in 2013 that due to the Environment and Forests Ministry the project had "lost three years".
Billed as India's first hill station since Independence, this private city is being constructed by a unit of Ajit Gulabchand. The architectural team responsible for the design of the town wants it be an imitation of an Italian hill-side town
The area demarcated for Lavasa is located near Pune in the Mulshi valley of the Western Ghats.
Construction of two out of the five planned towns is ongoing, and a number of residences have been completed as of 2013. By 2011 four hotels and a city centre were completed. A primary, middle, and high school, Le Mont High, has been constructed as well. The town also boasts a hospitality management college, École hôtelière Lavasa.
Scot Wrighton is the administrator of the city as of 2011.
Smaller, pre-existing communities sometimes interact with Lavasa and its residents.
Some have been the focus of CSR efforts, and villagers provide construction labour to the project.
Lavasa has established a pattern of promoting planned partnerships with prestigious, overseas institutions that do not, ultimately, see fruition.
Oxford University had at one time attached itself to the project, but other, name-brand plans including future sports facilities have yet to be officially cancelled.
The city has a better track record when it comes to construction; some sections are complete today. It is thought that Lavasa will not be finished before 2020, however. When fully built, its total population may be 200,000, and it will comprise four or five towns built on seven hills. The first of these, Dasve, was initially slated to be complete by 2010 although some residences there were still under construction as of 2013. Mugaon, the second town, may be finished in 2013, and as of May, 2013, construction continues. Work on this town began in mid-2012. In 2013, the chairman of the construction company building the project confirmed that Lavasa will include four large towns and one low-cost town.
Planned sports facilities include a Nick Faldo-designed golf course and a Manchester City-branded football academy.
However, the Nick Faldo website no longer touts the golf course, and a 2010 press release is the sole communication Manchester City has made in reference to a football academy.
A theme park of over 65 acres (0.26 km2) in size is planned.
Lavasa may go on to host one university. Initially partnering with Oxford University, by 2010 this British institution had removed itself from the project. As of 2010, Symbiosis International University is planning to set up a new liberal arts college campus at the township. As of 2019, Christ University at Lavasa offers various UG, PG programmes.
A 200-acre health and wellness centre and an herb plantation are also planned.
Awards and recognition
Lavasa has won several awards for its plans and designs.
In 2005, Dasve village in Lavasa won awards from the Congress for the New Urbanism and the American Society of Landscape Architects. In 2009, the St.
Louis chapter of the American Society of Landscape Architects recognised the Lavasa landscape master plan with a merit award.
An Indian Ministry of Environment and Forests team investigating Lavasa concluded the city has caused environmental damage, since Lavasa is built "in the scenic hills of the Western Ghats, a UNESCOWorld heritage site known for its evergreen tropical forests that shelter 325 species of vulnerable or endangered animals, birds and fauna." Post reviewing the project, this ministry provided clearance on 9 November 2011 to Lavasa with specific conditions, such as a cessation of hill cutting activities, building of a sewage treatment plant, and anti-poverty CSR measures aimed at the local population.
While Lavasa has stone crushing permits, its operations have been described as "hill cutting" and "quarrying" by the Indian Ministry of Environment and Forests, and the environmental impact of these activities was investigated. In 2014, Mrs.
Initial Public Offering (IPO) Process
Jayanti Natarajan in her open letter to Congress president stated that she had got a specific input from Mr. Rahul Gandhi's office to stall the project.
Both government and individual land owners have taken issue with Lavasa's land acquisition approach.
A report by the Maharashtra environment department claims 600 hectares (6.0 km2) of land bought by Lavasa Corporation was purchased from farmers who had been granted it by the Indian State.
Because of the way in which the farmers obtained the land, three fourths of the purchase price should have been paid to the State. The report states Lavasa Corporation only paid 2%. It also alleges 141 hectares (350 acres) of Lavasa were leased for far less than actual value by the Maharashtra Krishna Valley Development Corporation and that Lavasa bought 98 hectares (240 acres) of land without license.
Some say land Lavasa is being built on was obtained through coercion. Lavasa Corporation denies this.
Use of water resources
Lavasa will use the same water resources that currently supply Pune, and it is claimed that this will cause a supply shortage. A 2011 report by the Expert Appraisal Committee of the Union Environment Ministry concluded there will be no impact on Pune's water supply, however.
Orders to halt construction
For a one-year period from late 2010 to late 2011, construction of Lavasa had to be halted due to orders issued by the Ministry of Environment and Forests. In late 2010, it ordered Lavasa Corporation to halt further construction for not having gathered proper clearances. In November 2011, this ministry relented, and construction is no longer impeded by law. While grant of an environmental clearance was recommended in May, 2011, Lavasa was only alerted to the fact that clearance was granted on 9 November 2011.
Sharad Pawar, an Indian politician born in the state of Maharashtra, is alleged to have demanded compensation for allowing Lavasa to be constructed.
When Lavasa Corporation was receiving necessary clearances from the government of Maharashtra, relatives of Pawar had part-ownership of the company developing the project. Pawar's daughter and son-in-law had more than 20% ownership between 2002 and 2004, and they later sold their stakes. A nephew of his was chairman of Maharashtra Krishna Valley Development Corporation when it signed off on lease agreements for Lavasa and allowed Lavasa to store water and build dams.
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email this article
25 November 2010.
- ^ ab"Environment Ministry asks Lavasa to halt project". The Economic Times. 26 November 2010.
- ^ abcdHCC to revamp Lavasa finances, decide on IPO reuters.com, 13 November 2011
- ^ abcdeEverything is back on table including Lavasa IPO: HCC moneycontrol.com, 29 May 2013
- ^ ab"India's newest hill station builds for the future".
AFP news hosted by google.com. 15 September 2009.
- ^"HCC's Lavasa court hearing adjourned for 6 weeks". Reuters. 27 January 2011.
- ^Kohli, Kanchi (editor); Menon, Manju (editor); Burte, Himanshu (2016).
Lavasa ipo issue date
Business Interests and the Environmental Crisis. New Delhi: Sage Publications, India. pp. 70–73. ISBN . Retrieved 15 September 2016.CS1 maint: extra text: authors list (link)
- ^ abFerguson, Tim (20 December 2010). "A Stop in India's Lavasa". Forbes.
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"Symbolic of luxury, Lavasa is built on irregularities".
The Hindu. Chennai, India.
Retrieved 21 February 2011.
- ^ abFrom the Head of School's DeskArchived 19 August 2011 at the Wayback Machine Le Mont High official site. Retrieved 31 August 2011
- ^Ecole Hoteliere Lavasa ecolehotelierelavasa.com
- ^Kahn, Jeremy (7 June 2011). "India Invents a City". The Atlantic. Atlantic Media. Retrieved 20 July 2013.
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Lavasa Corporation. HCC. 25 January 2012. Retrieved 14 September 2013.
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DNA. Diligent Media Corporation Ltd. Retrieved 14 September 2013.
- ^ ab"The hills are alive with the sound of controversy". Business Standard. 7 September 2010.
- ^Thekaekara, Tarsh. "The great urban juggernaut". New Internationalist.
Retrieved 9 February 2011.
- ^For four towns, see Discover Lavasa: Master Plan; A vision becomes realityArchived 24 November 2010 at the Wayback Machine Lavasa Official Site
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Pune Mirror. 11 May 2012. Archived from the original on 28 May 2012. Retrieved 14 May 2012.
- ^For the golf course, see Faldo signs ‘stunning’ Indian course design project nickfaldo.com, 8 June 2009 cached
- ^Your search yielded no results, nickfaldo.com, retrieved 13 September 2013
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The Financial Express. The Indian Express Limited.
HCC shelves Lavasa IPO plan for third time
21 January 2009. Retrieved 14 May 2012.
- ^ abA modern township nestled in the SahyadrisBusiness Line.in, 2008/06/22
- ^Oxford dragged into ‘land-grab’ scamThe Hindu, by Hasan Suroor. Monday, 31 August 2009
- ^The great urban juggernaut: India’s first ‘private city’ will do nothing to help the poor newint.org, 1 May 2010
- ^Symbiosis to start liberal arts institute. The Indian Express, 4 March 2010
- ^ abWater being diverted to Lavasa, alleges PatkarArchived 11 October 2012 at the Wayback Machine, The Indian Express, 8 July 2009
- ^For Congress for the New Urbanism award, see Charter Awards: Past WinnersArchived 31 July 2008 at the Wayback Machine Congress for the New Urbanism Official Website
- ^The 2009 St.
Louis Chapter of ASLA Award Winners stlouisasla.org
- ^"Maharashtra govt gets MoEF order for action against Lavasa". Business Standard. 11 June 2011.
- ^How the unfinished city of Lavasa became a nightmare for Indian banks
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"Lavasa under scanner for quarrying". The Hindu. Chennai, India.
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- ^Bhawan, Paryavaran (9 November 2011).
Environmental Clearance for the Development of Hill Station Township at Village Mulshi and Velhe Talukas, District Pune, Maharashtra my M/s. Lavasa Corporation Ltd.
Sebi seeks clarifications on Lavasa IPO plan
—regarding(PDF). New Delhi: Government of India Ministry of Environment and Forests. Retrieved 18 January 2011.
- ^ abVaidya, Abhay (26 December 2010). "Lavasa trail reinforces the Sharad Pawar connection & IPL link". Pune: DNA. Retrieved 21 February 2011.