News from northern India, Punjab, Delhi, Haryana, Chandigarh Welcome to Website of World's No. At a time when green ministry officials landed up at Lavasa, a hill city outside of Pune, Shaili Chopra takes the owner of Lavasa Ajit Gulabchand down … In Mumbai, the smallest one bedroom … In Lavasa, Ajit Pawar granted 341 acres to Lake City Corp on 30 years lease at just Rs 23,000 per month. 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. 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. This entirely private city is the brainchild of billionaire industrialist Ajit Gulabchand. 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. Ajit online: Punjabi news updates on business, politics, sports, fashion, Punjabi films, hindi films, national and international news reports. Billionaire Ajit Gulabchand's folly Lavasa turns into a nightmare for Indian bankers. What’s worse, Sahoo says: The Lavasa civic body is privately managed so residents have little access to its functioning or fund management. Once you land on this planned hill station, you will certainly feel like you have arrived in a foreign country. Adorned with pleasant surroundings, Lavasa is said to be … Today Lavasa is an incomplete shell housing some 10,000 people, a symbol of the excesses gripping the world’s second-most-populous nation. 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. Cosmopolitan architecture, technological parks and environmental ideals make Lavasa an idyllic self-contained world. 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. 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. 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