NOIDA, GNIDA, YEIDA hold board meetings

Aiming to ensure rapid growth of the region, the three industrial development authorities of Gautam Buddh Nagar-Noida, Greater Noida and Yamuna Expressway-announced a series of initiatives through separate board meetings. The authorities not only announced a multitude of developmental projects but made all possible arrangements to raise revenue to meet expenses.

To strengthen the revenue base of the newly-created Noida Metro Rail Corporation, NOIDA in its 179th Board Meeting on Thursday approved all the rights of the properties constructed on the metro line to the public entity except land ownership.

“Under the proposals of approved DPR, ownership of all the assets (except land) created in connection with Noida-Greater Noida Metro Corridor will vest with the NMRC. Ownership of the parking land will vest with Noida/Greater Noida as per their notified area, user and development rights of the parking area will vest with the NMRC which will also accrue revenue generation from this,” said a senior official of the authority. On the basis of DMRC’s office in Metro Bhawan, the authority also allotted a huge chunk of 2,250 sqm area for office of NMRC at Ganga Shopping Centre in Sector-29. For that the authority will take Rs one/sqm.

The Greater Noida Authority, in a major decision, gave 20 per cent quota to the children of farmers in private schools. The quota for children will only apply in Nursery and class I. Addl CEO P C Gupta said that every private school that comes under the GNIDA area will have to give a quota of 20 per cent to the children of farmers whose land was acquired by the authority. The children will also get a discount of 25 per cent in the fees. But the children will only get admission in Nursery and Class I. Other than this, GNIDA will also provide 50 per cent discount in school fees to two poor children which will be suggested by the District Magistrate.

The authority also decided to form a committee that will be responsible to provide employment to the local youth in the companies and plants that will be set up in Noida, Greater Noida and Yamuna Authority areas. The youth will be recruited according to their eligibility and education. In the board meeting, the authority also decided to cancel the lease deed of those companies who will not register and make their companies in working condition by the end of December.

Yamuna Authority CEO Arunveer Singh told that the authority also took some important decisions in the board meeting. For the compensation of farmers, the authority had asked the UP government to take actions and ask Jaypee Infratech to pay around 64.7 per cent compensation to the farmers. Jaypee Infratech has to pay Rs 1,888 crore as compensation. Now, the total outstanding amount the Jaypee Infratech has to pay to YEIDA is around Rs 2,444 crore.

The YEIDA has also decided to give 7 per cent of developed land to the villagers of Dhanori, Niloni and Ronija village. In past days, Baba Ramdev’s had also asked for 700 acres of land from Yamuna Authority. “For the Metro project, the board has decided to start the feasibility work for the Metro alignment. This will be done because the authority doesn’t want any inconvenience in Metro work in Yamuna area,” said Arunveer Singh.