Lavasa Hill City: Maharashtra’s luxury housing project slips into disrepair It would be India’s first privately built and managed city, one of five planned for 30,000 to 50,000 people each. In Lavasa, Ajit Pawar granted 341 acres to Lake City Corp on 30 years lease at just Rs 23,000 per month. News from northern India, Punjab, Delhi, Haryana, Chandigarh Welcome to Website of World's No. Billionaire Ajit Gulabchand's folly Lavasa turns into a nightmare for Indian bankers. The project began in 2004 near Pune, in the old hill stations of the Western Ghats – leftovers of the British Raj – around 200 km from the pulsating urban sprawl of Mumbai. Adorned with pleasant surroundings, Lavasa is said to be … Once you land on this planned hill station, you will certainly feel like you have arrived in a foreign country. The name of his new city is Lavasa, a somewhat un-Indian-sounding moniker devised by the global branding firm Landor. ... another apartment owner, is disheartened while describing the lawlessness and deterioration gripping the hill city. Life at Lavasa can best be described as, ‘Life in full.' Lavasa Corp’s plans and layouts violated certain state rules but the Director of Town Planning, Pune, didn’t monitor these modifications,” the CAG report states. In Mumbai, the smallest one bedroom … What’s worse, Sahoo says: The Lavasa civic body is privately managed so residents have little access to its functioning or fund management. This entirely private city is the brainchild of billionaire industrialist Ajit Gulabchand. The former IPS officer and lawyer, Yogesh Pratap Singh, has charged Nationalist Congress Party president Sharad Pawar and his family with corruption in the controversial Lavasa Housing Project. Lavasa Corporation Ltd – www.lavasa.com, Free India's Largest Hill City. Two decades ago, then-billionaire Ajit Gulabchand envisioned something very different: a city called Lavasa modelled on the cotton-candy harbour of Italy’s Portofino, a four-hour drive from the slums and pollution that pervade so much of India’s financial capital of Mumbai. Cosmopolitan architecture, technological parks and environmental ideals make Lavasa an idyllic self-contained world. Lavasa was conceived by Gulabchand as India’s first private hill city in 2000, following similar private developments in the US like Seaside, Florida, or the Disney development of Celebration. Ajit online: Punjabi news updates on business, politics, sports, fashion, Punjabi films, hindi films, national and international news reports. 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