+
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
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?