
Chandigarh furniture market demolition today: Before sledgehammers, steal deals
Functioning illegally on 'encroached' land since 1985, the furniture market is set to suffer demolition on July 20, with Chandigarh Deputy Commissioner Nishant Kumar Yadav announcing the deployment of more than 1,000 police personnel for the demolition drive, beginning at 7 am.
As the market opened on Saturday, a large number of buyers from the Tricity — Chandigarh, Panchkula and Mohali — reached there to get 'good discounts'.
A Haryana government employee, on condition of anonymity, told The Indian Express that he purchased a seven-seater sofa for Rs 25,000 at a good discount. 'The actual price of the sofa was Rs 35,000, but I got a discount of Rs 10,000, because shopkeepers are clearing their stocks,' he said.
Rampal from Kharar also bought a pair of wooden chairs for his home at a discounted price of Rs 6,000 instead of the actual price of Rs 8,000.
Sanjeev Bhandari, president of the market association, said, 'We have been doing business here for the past 36 years, and are paying taxes, electricity bills, GST, etc. We are not encroachers… we are businessmen. Our case is pending before the Punjab and Haryana High Court. In January, the Deputy Commissioner and the UT Administrator had promised rehabilitation, but now bulldozers will demolish our livelihoods.'
Shopkeepers claimed that there had been multiple occasions in the past when the UT administration gave them written assurances that they would be relocated.
'We had prepared ourselves mentally to shift legally by paying a rightful amount, but the Chandigarh administration broke our trust. We are businessmen, not land grabbers. We appeal to the government and the BJP to stop this injustice,' shopkeepers told The Indian Express.
The furniture market has 116 shops spread over nearly 15 acres of agricultural land on the busy road connecting Chandigarh and Mohali. The market is a major choke point for traffic, with no parking facility for customers. Visitors park their vehicles on the road, creating traffic snarls.
In 1993, the Chandigarh Administration had carried out a similar demolition drive to remove shops from the area, but the shopkeepers approached the high court and the drive was stayed. Officials said that the administration had purchased a portion of the encroached land in 2002, and they had been making efforts to clear it of all encroachments. However, the shopkeepers again approached the high court. The case went on for several years, and their petitions were eventually dismissed in September 2023.
Since then, the administration has made multiple efforts to get the land vacated. Several rounds of talks with the shopkeepers were also held, but to no avail. Demolition drives were announced earlier, too, but not carried out due to the negotiations between the shopkeepers and the administration.
The administration has been asking the shopkeepers to participate in the open auction of shops in the upcoming Bulk Material Market at Sector 56, but the shopkeepers sought assured allotments in Sector 56 instead of their existing shops.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
29 minutes ago
- Indian Express
The reform India's power sector needed
In 2015, the Union Ministry of Environment, Forest and Climate Change notified SO2 norms for coal-based thermal power plants. The establishment of flue gas desulphurisation (FGD system) for all 600-odd power plants in the country was made compulsory. The schedule for the implementation of this system was challenging. Most professionals associated with the power sector, technical experts, researchers and policymakers raised valid concerns. Since Indian coal has a low sulphur content, these experts argued that an FGD system was not necessary for most of these plants. The implementation of the system was, however, initiated in several plants. It was estimated that the capital expenditure on FGD in the old and the new plants would tax finance resources and lead to a tariff burden in the order of Rs 0.25 – 0.30 per KWhr. Power generators were worried, but more concerned were the distribution companies and consumers of power, who would have to finally bear the burden of the additional tariff. Apart from the commercial implication in terms of heavy capital expenditure and the financial burden on consumers, the issue in question was also about the technical necessity of the system in view of the very low sulphur content of Indian coal. This needed more research. A study initiated by the Ministry of Power and carried out by IIT Delhi concluded that there was a need for more comprehensive analysis of SO2 emissions and whether FGDs are necessary for all thermal power plants in the country. Niti Aayog initiated a comprehensive study, carried out by NEERI. The researchers studied all aspects of Indian coal and the extent of SO2 emissions vis-à-vis the norm. They prepared a comprehensive report and made recommendations. Their analysis suggests that 'ambient SO2 concentration in all the monitoring stations is well below the prescribed Norms of 80 micrograms per cubic meter. This is even though most of the thermal power plants have not installed FGDs'. They also recommended that, 'there is a need to revisit the stack emission norms for SO2… with the consideration of India's latitudinal position, (being) close to the equator compared to European countries, the US… who have given guidelines for SO2 emission control. India has higher and stronger solar insolation leading to high ground level heating, vertical convection, high mixing height, high ventilation.' The FGD system utilises limestone and water as its main input materials. The mining and transport of limestone to power plants leave a large carbon footprint. The atmospheric lifetime of CO2 is significantly longer than that of SO2. The revised notification does not mandate a complete withdrawal of FGD. It is now based on sound scientific studies and analysis, which have enabled 600-odd power plants of the country to be classified into three categories — those which are close to very large cities, the ones in heavily polluted areas, and others. An analysis of data collected reveals that about 78 per cent of the power plants do not require an FGD system. This means a saving of large capital expenditure, which can now be deployed for creating more power-generation capacities, primarily through the renewable route. The notification has also allayed fears of tariff burden on power consumers. In India's long-term energy transition plan, renewables will play a big role. However, the transition will need to respect energy security considerations. Domestic coal will, therefore, continue to play a meaningful role in the coming few decades. The notification not only provides relief for consumers at large, but also provides clarity on how to plan for domestic coal-based power. The writer is former power secretary, Government of India and president, India Energy Forum


Time of India
29 minutes ago
- Time of India
India's IPO market set to soar with Rs 2.58 lakh crore offerings in pipeline
India's primary market is set for a significant IPO surge in the remainder of 2025, with over ₹2.58 lakh crore worth of offerings in the pipeline, driven by financial services firms, startups, and unicorns. Strong investor participation, particularly from mutual funds fueled by consistent equity scheme inflows, and private equity firms seeking exits are contributing to this robust IPO activity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: From Tata Capital's ₹17,200-crore offer and LG Electronics' ₹15,000-crore issue to Groww's ₹5,950-crore share sale - India's primary market is gearing up for a blockbuster round of initial public offerings (IPOs) in the rest of 2025. Financial services firms, startups, unicorns and others are among those preparing to list on the domestic to data from Prime Database, IPOs worth ₹1.15 lakh crore have received approval from the Securities and Exchange Board of India (Sebi) and are awaiting market entry. Another ₹1.43 lakh crore of share sale proposals are awaiting regulatory ₹2.58 lakh crore of offerings are in the the first half of 2025 (January-June), 26 companies raised ₹52,200 crore. The largest among them was HDB Financial Services , which raised ₹12,500 crore. The pipeline for 2025 includes new age businesses such as Meesho, fintech unicorn PhonePe, Boat, WeWork India, Lenskart, Shadowfax, Groww and Physics Wallah, among sizes are expected in the range of ₹1,500 crore to ₹9,000 crore. Pine Labs, Amagi, Wakefit, Urban Company, TableSpace and Shiprocket are among the other firms looking to raise money through the first half of 2024, 34 public offerings were launched, collectively raising ₹29,607.95 crore, and in the second half, 56 hit the market, mobilising ₹1.30 lakh calendar year 2024 saw a total of 90 IPOs raising Rs 1.60 lakh crore, according to strong pipeline of issuances is driven by confidence that investor appetite for IPOs remains strong."The growth in fundraising through IPOs has been on the back of growing investor participation, both retail and institutional, as well as retail through institutional, particularly mutual funds," said Bhavesh Shah, managing director and head of investment banking , Equirus funds, armed with a continuous flow of money into equity schemes, have been among the top participants in IPOs, as rich valuations in the secondary market have prompted money managers to deploy money in these the past 12 months to June 30, equity scheme assets grew 22% from Rs 26.82 lakh crore to Rs 32.69 lakh crore. About Rs 27,000 crore gets added to equity-oriented schemes each month by way of systematic investment plans (SIPs).Several IPOs have been driven by private equity firms nearing the end of their fund cycles, triggering a wave of exit activity."IPOs are picking up as many PE funds are nearing the end of their life cycle and need exits," said Mihir Vora, chief investment officer at Trust Mutual Fund.


Economic Times
29 minutes ago
- Economic Times
India's IPO market set to soar with Rs 2.58 lakh crore offerings in pipeline
Live Events Agencies (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: From Tata Capital's ₹17,200-crore offer and LG Electronics' ₹15,000-crore issue to Groww's ₹5,950-crore share sale - India's primary market is gearing up for a blockbuster round of initial public offerings (IPOs) in the rest of 2025. Financial services firms, startups, unicorns and others are among those preparing to list on the domestic to data from Prime Database, IPOs worth ₹1.15 lakh crore have received approval from the Securities and Exchange Board of India (Sebi) and are awaiting market entry. Another ₹1.43 lakh crore of share sale proposals are awaiting regulatory ₹2.58 lakh crore of offerings are in the the first half of 2025 (January-June), 26 companies raised ₹52,200 crore. The largest among them was HDB Financial Services , which raised ₹12,500 crore. The pipeline for 2025 includes new age businesses such as Meesho, fintech unicorn PhonePe, Boat, WeWork India, Lenskart, Shadowfax, Groww and Physics Wallah, among sizes are expected in the range of ₹1,500 crore to ₹9,000 crore. Pine Labs, Amagi, Wakefit, Urban Company, TableSpace and Shiprocket are among the other firms looking to raise money through the first half of 2024, 34 public offerings were launched, collectively raising ₹29,607.95 crore, and in the second half, 56 hit the market, mobilising ₹1.30 lakh calendar year 2024 saw a total of 90 IPOs raising Rs 1.60 lakh crore, according to strong pipeline of issuances is driven by confidence that investor appetite for IPOs remains strong."The growth in fundraising through IPOs has been on the back of growing investor participation, both retail and institutional, as well as retail through institutional, particularly mutual funds," said Bhavesh Shah, managing director and head of investment banking , Equirus funds, armed with a continuous flow of money into equity schemes, have been among the top participants in IPOs, as rich valuations in the secondary market have prompted money managers to deploy money in these the past 12 months to June 30, equity scheme assets grew 22% from Rs 26.82 lakh crore to Rs 32.69 lakh crore. About Rs 27,000 crore gets added to equity-oriented schemes each month by way of systematic investment plans (SIPs).Several IPOs have been driven by private equity firms nearing the end of their fund cycles, triggering a wave of exit activity."IPOs are picking up as many PE funds are nearing the end of their life cycle and need exits," said Mihir Vora, chief investment officer at Trust Mutual Fund.