CAG report reveals land in Greater Noida allotted indiscriminately in SP-BSP regime, GNIDA under Rs 8000 crore debt

CAG report reveals land in Greater Noida allotted indiscriminately in SP-BSP regime, GNIDA under Rs 8000 crore debt

Greater Noida: Many officers posted in Greater Noida Industrial Development Authority (GNIDA) in the course of the SP-BSP rule have come below the scanner of the CAG audit after it was revealed that the officers allotted land within the space at solely 5 per cent of the whole value and later the arrears weren’t paid in full by the patrons.

As a end result, at present the builders owe a complete of Rs 8000 crore, together with curiosity, to the Greater Noida Authority. As a results of which the authority is at present going by way of a monetary disaster. 

In reality, a number of such irregularities got here to mild within the CAG’s audit of the Greater Noida Authority. The CAG has raised objections on these issues and has additionally ready a report. This report will now be put forth within the state Assembly.

According to Greater Noida Authority sources, the CAG has accomplished the primary stage audit course of. The CAG has raised its objection on many points, through which the largest case is of land use. 

Apart from this, it has additionally been discovered that the land reserved for industries had been bought off to builders. 

According to the Master Plan 2011, Greater Noida Authority had a complete space of ​​13750 hectares, about 22 % of it was residential, whereas 20 % was fastened for industries. According to the CAG audit, solely 12 % of the land was allotted to the industries at the moment, whereas the remaining eight % of the land went to the builders’ share.

The CAG audit has additionally revealed that the authority has allotted extra land to vocational and academic establishments. Due to this irregularity, there is no such thing as a land left for SEZ and transport division. 

During Mayawati’s reign, between 2007 and 2012, the builders had been allotted probably the most land. The land of Greater Noida West was additionally allotted to the buildersind in the identical interval. These lands had been allotted to the builders with solely 5 % of the whole value, later the installments too stopped coming.

The Yogi Adityanath-led authorities had determined to conduct a CAG audit of the land allotted throughout SP and BSP rule in Greater Noida Authority. 

If sources are to be believed, the authority has filed its reply after CAG registered its objection however the CAG just isn’t glad with this.