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The Comptroller and Auditor General (CAG) has reported a notional loss of INR 13,362 crore due to lapses and irregularities in the Greater Noida Industrial Development Authority's operations. Covering 2005-06 to April 2021, the audit revealed that GNIDA prioritized residential growth over its core mandate of industrial development, with residential land use exceeding plans while industrial use lagged. Irregularities in group housing allotments alone left INR 10,732 crore in pending dues, causing project delays and distress for homebuyers. The report also flagged misuse of land acquisition rules and weak enforcement against defaulters. GNIDA says it is revising policies and pursuing recovery measures.
The Comptroller and Auditor General (CAG) has flagged a notional loss of INR 13,362 crore due to significant procedural lapses and irregularities in the operations of the Greater Noida Industrial Development Authority (GNIDA). The performance audit, which covered the period from 2005-2006 to 2017-2018 and was updated to April 2021, found that the authority failed to fulfill its primary mandate of developing an industrial township. Instead, it focused on turning Greater Noida into a residential hub, leading to a host of problems that have now come to a head. Advertisement
The audit report, which was tabled in the Uttar Pradesh Assembly, revealed that irregularities in group housing plot allotments alone accounted for a staggering INR 10,732 crore in pending dues. This has resulted in a high case backlog, severe delays in housing projects, and distress for thousands of homebuyers. The CAG noted that the GNIDA failed to cancel plots despite clear defaults by allottees and misused urgency provisions for land acquisition. The audit also showed that residential land development was at 104.04% of the planned area while industrial development lagged at 67.47%, undermining the original goal of industrialization and job creation.
A GNIDA official said that the authority is now taking corrective steps, including revising allotment policies and working on recovering outstanding dues. However, the report highlights a broader failure in the authority's governance, which has put the future of thousands of homebuyers and the city's development at risk.
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