Noida authority set to discuss uniform land policy, stuck projects on March 28

                Noida: Noida Authority will hold its board 
meeting on March 28 to discuss the annual 
budget, the progress of stalled group housing 
projects under UP govt's rehabilitation 
package, 
and matters related to farmers' compensation.
Chief secretary Manoj Kumar Singh, who also 
chairs the board, wrote to the Authority on the 
inclusion of five key agendas.
Among them is the review of developers' cases 
under the rehabilitation policy for stalled group 
housing projects, which is based on former 
bureaucrat Amitabh Kant's committee report. 
The board will also discuss amendments to 
the unified policy for plot allotments, 
cancellations, and lease execution. 
Additionally, it will evaluate the number of plots 
and their total area 
allotted over the past year, and also decide on 
compensation rates for farmers whose land 
was acquired.
A major highlight of the meeting, officials said, 
will be the presentation of its annual budget for 
the financial year 2025-26, which is expected 
to be around Rs 9,000 crore. This figure 
represents a significant increase from the Rs 
7,700 crore approved for 2024-25. The board 
will allocate funds for infrastructure projects, 
including the maintenance and construction of 
roads, sewer lines, drainage systems, water 
supply networks, parks, and the development 
of new industrial sectors and rural areas.

The board is also expected to discuss and 
approve an increase in allotment rates for 
residential, group housing, IT, institutional, 
industrial, and other categories because of 
surging 
property prices in the city. This year's budget 
will also address compensation rates for 
landowners in the upcoming ‘New Noida' 
region.
On Monday, proposals from all departments 
are likely to be reviewed by the Authority's CEO 
Lokesh M, following which final 
recommendations will be presented to the 
board. The 
commercial and industrial departments will 
also present a new scheme brochure during 
the meeting.
For rural development, the authority plans to 
allocate Rs 100 crore to improve 81 villages 
under Noida's jurisdiction. These initiatives 
include road construction, drainage upgrades, 
water supply improvements, and other 
essential infrastructure enhancements.
In 2024-25, about Rs 1,200 crore was allocated 
for civil projects, but the Authority could 
achieve 60% of its target. This year, the budget 
for civil works is expected to rise to around Rs 
1,400 crore, which is expected to support 
numerous new construction initiatives.


Source : Times of India