The Noida authority is preparing to approve an annual budget of Rs 7,000 crore in its upcoming board meeting on June 27. Lokesh M, the Chief Executive Officer of Noida authority, confirmed that the budget has been finalized, incorporating significant projects from various departments. The meeting is expected to take place at the authority's Sector 6 administrative office in Noida.
Uttar Pradesh Additional Chief Secretary Manoj Kumar Singh, who also serves as the chairman of the Noida authority, will preside over the meeting. The agenda includes items from multiple departments such as land, group housing, horticulture, commercial, finance, and institutional sectors. These agendas will be discussed and finalized during the meeting.
In addition to the budget approval for the financial year 2024-25, the authority will address several other issues. These include actions against buildings constructed without layout approval on private land, measures against realtors who have not paid their dues despite repeated notices, and other relevant concerns.
Officials mentioned that the board meeting, originally scheduled for February, had to be postponed due to the model code of conduct for the general elections. According to preliminary estimates, the authority plans to allocate around Rs 1,200 crore for the civil department, Rs. 100 crore for village development, ₹100 crore for the horticulture department, ₹300 crore for the maintenance of civic services, Rs.150 crore for the water department, and Rs1,500 crore for land acquisition, among other allocations.
A significant portion of the budget will be dedicated to development work and land acquisition for the new Noida project, which is proposed on agricultural land in the neighboring Bulandshahr district.
In the previous financial years, the Noida authority approved a budget of Rs6,920 crore for 2023-24 and Rs4,880.62 crore for 2022-23, focusing on the city's development works.
UP Plans Smart Upgrade for Bundelkhand Expressway with Advanced Traffic Management System
Completion of Dhadhar River Bridge Marks Milestone for Mumbai-Ahmedabad Bullet Train Project
