Noida Authority Approves ₹10,290 Crore Budget with Amnesty Scheme and Plot Relief
Noida authority clears ₹10,290 crore budget, amnesty scheme, plot relief
Hindustan Times
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The Noida Authority in Uttar Pradesh, India, approved a budget of ₹10,290.76 crore for the fiscal year 2026-27, which includes a three-month amnesty scheme for water revenue defaulters and a final opportunity for residential plot allottees to complete construction. The authority aims to improve revenue collection after falling short in the previous year.
- 01Noida Authority approved a budget of ₹10,290.76 crore for 2026-27.
- 02A three-month amnesty scheme offers discounts for water revenue defaulters.
- 03Residential plot allottees can apply for a time extension after delays.
- 04₹107.77 crore allocated for repairs at Rashtriya Dalit Prerna Sthal.
- 05Convergence charges approved for mixed land use in residential and industrial plots.
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The Noida Authority, during its 222nd board meeting chaired by Deepak Kumar (Uttar Pradesh infrastructure and industrial development commissioner), approved a budget of ₹10,290.76 crore for the financial year 2026-27. This budget includes a three-month amnesty scheme aimed at recovering outstanding water revenue, offering discounts of 40%, 30%, and 20% on interest for payments made within specified periods. Additionally, the authority has provided a final opportunity for residential plot allottees who have delayed construction for over 12 years to apply for a paid time extension. This decision follows a previous strict measure to cancel allotments of long-vacant plots. Furthermore, the board allocated ₹107.77 crore for repairs at the Rashtriya Dalit Prerna Sthal and approved convergence charges for mixed land use in residential and industrial areas. These initiatives reflect the authority's commitment to enhancing public infrastructure and improving revenue collection.
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The new budget and amnesty scheme will provide financial relief to residents and encourage timely payments, potentially improving local infrastructure and services.
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