The Noida, Greater Noida, and YEIDA Authority resumed working on a unified land allocation policy after nearly 14 years. All three authorities will work on land allocation for multiple categories including industrial, group housing, and commercial.
In 2010, for the first time, the policy was drafted to align eligibility criteria, terms for leasing, rent structure, and procedure formulation for all authorities. In October this year, discussions to resume the unification of policy in the board meeting chaired by Manoj Kumar Sinha, Chief Secretary, Greater Noida Authority.
Later a document on unified land allocation policy for Noida, Greater Noida, and YEIDA was also presented to him.
An official said, “if adopted, the proposal promises to create a standardised regulatory fra0mework for industrial land allocations and facilitate a more consistent and transparent process for businesses and investors.”
(Courtesy – realty.economictimes.indiatimes.com)
Decades back, a unified policy was the nee of our, as authorities found it difficult to continue with a clear guideline for industrial land allotments. From them to time, time altered, eligibility and other criteria changed from objectives to tenders and interviews.
Finally, the authorities decided to continue with objective-based criteria.
With this decision, a 10-month suspension on the industrial land allotments came. Industries Minister Nand Gopal Nandi objected to the authorities’ idea of adopting Objective criteria without getting the go-ahead from the Chief Minister.
In 2010, the Greater Noida Authority hired Sarc & Associates – a Chartered accountant firm – to draft a standardized approach involving land allotments.
Earlier in September 2023, Singh wrote to the authorities to renew the contact with Sarc, for a uniform policy. A nodal officer from each authority was assigned, like Soumya Srivastava from Gr Noida, Sanjay Kumar Khatri from (Noida), and Kapil Singh from Yamuna Expressway.
A meeting of all three nodal officers and finance controllers was held in December last year. The meeting was called to evaluate current policies, streamline procedures, and prepare a new SOP.
Sarc is restarting work at the cost decided initially and Greater Noida Authority gave consent to share consultancy costs with other authorities. In February this year, Sarc was commissioned to conduct the task.
The process will include eligibility criteria, terms for leasing, rent structure, and procedure formulation. It will lead to seamless land allotment work in all three authorities.
At present, the unified policy proposal awaits sanction from the boards of Noida, Greater Noida, and YEIDA.
