Tag: GDA

Residential

Ghaziabad: 20 years gone, Madhuban Bapudham plot allottees told to shell out lakhs

GHAZIABAD: GDA has started sending notices to around 1,500 plot allottees in Madhuban Bapudham, asking them to pay additional charges following a court-mandated hike in land compensation to farmers. Affected buyers now face an average additional cost of Rs 5,175 per sqm, that is Rs 5.17 lakh for a 100 sqm plot and Rs 15.5 lakh for larger plots up to 300 sqm. The plots were earlier sold to them at Rs 11,800 per sqm. “In case an allottee is not able to pay the additional fee, they will have to surrender the plot, and the initial amount paid will…

Infrastructure

GDA seeks central funds for Noida-Ghaziabad metro link

GHAZIABAD: Ghaziabad Development Authority (GDA) has taken a fresh initiative to revive Noida Electronic City-Sahibabad metro project — an extension of the Blue Line metro corridor — by suggesting that it should be funded by grants made under 16th Finance Commission. A letter to this effect has been written to the state govt, seeking Rs 2,441 crore. GDA vice chairperson Atul Vats said on Monday, “We have written to UP govt. We have quoted a grant of Rs 2,441 crore, out of which Rs 1,873 crore is for the metro project.” Over 5 lakh people stand to benefit from the…