Cash-strapped GDA hopes to raise Rs 300 crore by selling land for RRTS station

The move is expected to give a big boost to GDA, which is facing a financial crunch and hasn’t been able to pay the salaries of the previous month until now to nearly 900 employees.

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Cash-strapped GDA hopes to raise Rs 300 crore by selling land for RRTS station
Cash-strapped GDA hopes to raise Rs 300 crore by selling land for RRTS station

GHAZIABAD (Metro Rail News): The Ghaziabad Development Authority (GDA) plans to sell 24,017 sqm, or nearly 6 acres, of land for Rs 328 crore near New Bus Stand to the National Capital Region Transport Corporation (NCRTC) for construction of a station under the Delhi-Meerut Regional Rapid Transit System (RRTS) project.

The move is expected to give a big boost to GDA, which is facing a financial crunch and hasn’t been able to pay the salaries of the previous month until now to nearly 900 employees.

Officials said the state government has given the go-ahead to GDA for the plan and a proposal in this regard will be sent to NCRTC for consideration.

Along with the station, space will also be used for commercial development. The rate has been fixed at Rs 1.10 lakh per sqm in accordance with the district administration’s circle rate. Besides that, an additional charge at the rate of 22% under the head of the corner charge, lease rent and freehold will be imposed.

At present, a tourism department-run Hindon Motel is present at the site. GDA chief engineer VN Singh said altogether 31,000 sqm of land was given to the tourism department on lease for 30 years in 1981, but the contract lapsed in 2011 and was not renewed.

Of 31,000 sqm, 7,000 sqm was earlier used for the construction of a road and a roundabout. Apart from the land where Hindon Motel exists, a request for 8.5 acres near the elevated road at Vasundhara has also been made by NCRTC.

A segment of the RRTS corridor, from Sahibabad to Duhai, is set to become operational by March 2023. The deadline for the entire corridor — Sarai Kale Khan in Delhi to Modipuram in Meerut — is March 2024.

13th International Railway Equipment Exhibition (IREE) 2019

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