Yeida to raise ₹7,635 crore funds this fiscal by selling land parcels
Hindustan TimesThe Yamuna Expressway Industrial Development Authority on Wednesday said it has fixed a target to raise ₹7,635 crore this financial year by selling land parcels in different categories, including group housing, commercial, industrial and institutional, said authority officials on Wednesday. The Yamuna authority aims to earn ₹ 2,531 crore revenue from housing department’s plot schemes, ₹ 65 crore from ready to move flats, ₹ 736 crore from institutional plots, ₹ 1,642 crore from group housing plots, ₹ 830 crore from industrial plots, and ₹ 501 crore from mixed land use plots, among others. So we need to come up with different plot schemes and raise funds so that we can spend on land acquisition and also on its development later,” said Arun Vir Singh, chief executive officer, Yeida. Yeida aims to earn ₹2,531 crore revenue from housing department’s plot schemes, ₹65 crore from ready to move flats, ₹736 crore from institutional plots, ₹1,642 crore from group housing plots, ₹830 crore from industrial plots, ₹501 crore from mixed land use plots, ₹154 crore from data centre, ₹200 crore from special economic zone schemes, ₹200 crore from land development charges and ₹656 crore from commercial plots, said a report compiled by the authority’s finance department.