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

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Greater Noida: Many officers posted in Greater Noida Industrial Development Authority (GNIDA) through 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 overall worth and later the arrears weren’t paid in full by the patrons.

As a end result, presently 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 presently going by way of a monetary disaster. 

In reality, a number of such irregularities got here to gentle 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 most important 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 mounted 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 isn’t 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 overall worth, 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 is just not happy with this.