NOIDA: The Noida authority in its board assembly on Friday elevated the land allotment charges by 6% in all classes together with residential, industrial, trade and institutional, and accredited ₹8,732 crore funds for FY 2025-26 to spend funds for the town’s developmental and upkeep works.
Gautam Budh Nagar DM Manish Kumar Verma, the Higher Noida authority CEO Ravi Kumar NG and different members attended the assembly in Sector 6 workplace to deliberate on the agendas for ultimate selections. (HT Pictures)
The authority in its 217th board assembly chaired by UP chief secretary Manoj Kumar Singh, who can also be the chairman for this industrial physique took many selections together with approving the funds for 2025-26.
Gautam Budh Nagar DM Manish Kumar Verma, the Higher Noida authority CEO Ravi Kumar NG and different members attended the assembly in Sector 6 workplace to deliberate on the agendas for ultimate selections.
The board mounted a goal to get well ₹9,008 crore income in numerous departments within the FY 2025-26 and finalised ₹8,732 crore annual funds.
It has accredited lion’s share ₹2,410 crore for the event and development, ₹2,229 crore for the upkeep of civic services and ₹224 crore for the village improvement amongst different usages within the FY 2025-26.
“We have increased the land allotment rates keeping in mind the market conditions in all categories. And the board decided the annual budget based on the requirement of the maintenance and the development of the infrastructure in the city,” mentioned Lokesh M, CEO, Noida authority.
The allotment price is a value at which the authority allots its properties by way of schemes to consumers or traders. And it impacts the costs of the brand new properties together with residential, group housing or institutional amongst others to be auctioned and allotted, mentioned officers.
The authority board mentioned that in FY2024-25 it had mounted a goal to gather a income of ₹7,713 crore in opposition to which ₹6,809 crore had been collected in numerous departments, mentioned officers.
Residential sectors in Noida are divided into classes from A+ to E on the idea of services supplied. The authority has elevated the land allotment charges in A to D class sectors as much as 6% and the charges for A+ class will stay unchanged. Additionally, the allotment charges for the industrial land will stay unchanged.
For IT/ITES parks and information facilities, that are allotted by way of e-auction in sectors 1, 16A, and 24, the speed has elevated from ₹73,220 to ₹77,613 per sq. metres (sqms).
The board additionally mentioned the progress on the ‘stalled housing projects’, accredited a proposal to construct an elevated six-lane and eight-lane on floor street, from Kalindi Kunj at Noida-Delhi border as much as Noida-Higher Noida border “This new elevated and ground road will help the commuters travel between Delhi and Noida airport without entering into Noida city roads,” mentioned Lokesh M, CEO of the Noida authority.