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GDA To Pump Rs 1,500 Crore Into Infra Projects

The Ghaziabad Development Authority has allocated Rs 1,500 crore for various infrastructure development projects, to be undertaken by it in the city, in its budget estimate for financial year 2016-17. The budget estimate received in-principle approval from the board of GDA. According to GDA officials, 500 hectares have been identified for the land bank, in the Pipeline Road area behind Raj Nagar Extension, and alongside Northern Peripheral Road. This land belongs to farmers in five villages around the area. GDA has estimated an income of Rs 771 crore from fees and levies imposed upon development works in various zones. Similarly, it has estimated an earning a sum of Rs 705 crore through sale of developed plots and buildings. More>>