CAG Reveals 81% of Allottees Didn’t Receive Yamuna Eway Plots
Real Estate

CAG Reveals 81% of Allottees Didn’t Receive Yamuna Eway Plots

The Comptroller and Auditor General of India (CAG) found that between 2013 and 2021, the Yamuna Expressway Industrial Development Authority (YEIDA) allocated 2,428 industrial plots covering 24.6 million square meters. However, lease deeds, or registries, were completed for only 453 plots, which means that 81 per cent of allottees never received possession.

Moreover, for the plots that had been registered, no industrial units had been established on the land by at least April 2022, as stated in the CAG’s report. The issue was also present in other land categories. Between 2008-09 and 2020-21, YEIDA allocated 30,675 plots across industrial, institutional, mixed-land use, commercial, and residential categories. Of these, 1,666 plots (5 per cent) were either cancelled or surrendered, and lease deeds were not executed for 23,832 plots (82 per cent).

This audit report, which represents the first such assessment of YEIDA by the central auditor, noted that allotments had been made based on interviews rather than objective criteria, compromising transparency. Furthermore, the absence of financial and technical eligibility assessments for larger plots exacerbated the situation. YEIDA's delay in executing lease deeds and its failure to provide land to investors despite allocations resulted in significant project delays, with some projects delayed by as much as 12 years. This inefficiency led to a loss of Rs 1.22 billion in lease rent, according to the CAG.

The auditor also revealed that the initial allotment of industrial plots over 2,000 square meters relied on interviews, granting discretionary power to the plot allotment committee. Additionally, irregularities in location charge policies affected YEIDA’s revenue, as plots in preferred locations, such as those near wide roads or green belts, were not consistently charged location fees.

The Comptroller and Auditor General of India (CAG) found that between 2013 and 2021, the Yamuna Expressway Industrial Development Authority (YEIDA) allocated 2,428 industrial plots covering 24.6 million square meters. However, lease deeds, or registries, were completed for only 453 plots, which means that 81 per cent of allottees never received possession. Moreover, for the plots that had been registered, no industrial units had been established on the land by at least April 2022, as stated in the CAG’s report. The issue was also present in other land categories. Between 2008-09 and 2020-21, YEIDA allocated 30,675 plots across industrial, institutional, mixed-land use, commercial, and residential categories. Of these, 1,666 plots (5 per cent) were either cancelled or surrendered, and lease deeds were not executed for 23,832 plots (82 per cent). This audit report, which represents the first such assessment of YEIDA by the central auditor, noted that allotments had been made based on interviews rather than objective criteria, compromising transparency. Furthermore, the absence of financial and technical eligibility assessments for larger plots exacerbated the situation. YEIDA's delay in executing lease deeds and its failure to provide land to investors despite allocations resulted in significant project delays, with some projects delayed by as much as 12 years. This inefficiency led to a loss of Rs 1.22 billion in lease rent, according to the CAG. The auditor also revealed that the initial allotment of industrial plots over 2,000 square meters relied on interviews, granting discretionary power to the plot allotment committee. Additionally, irregularities in location charge policies affected YEIDA’s revenue, as plots in preferred locations, such as those near wide roads or green belts, were not consistently charged location fees.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?