Govt relies on Noida rehab deal as 56% stamp revenue target achieved

18 Jan 2024 CW Team

With less than three months remaining for the conclusion of the financial year, it has been observed that the stamp and registration department in Noida is still to achieve nearly 50% of its revenue target set for the area.

The district had a revenue target of Rs 47.28 billion for the year 2023-24. As of December, the department had managed to collect Rs 26.62 billion, accounting for 56% of the set target. During the preceding financial year, the department registered 10,659 flats, a decrease from the 11,447 flats registered.

There is a heavy reliance on the government's rehabilitation package to revive stalled projects, aiming to expedite registries stuck due to outstanding payments and increase revenue for the department. Approximately 40 projects in the city have seen developers submitting consent letters to the Noida Authority for the government deal. Upon the clearance of these applications, builders will qualify for a zero-period waiver, allowing the registry of their flats after paying 25% of the revised dues.

In a review meeting, Rupesh Kumar, the commissioner of stamps and registration, directed officials from Noida, Greater Noida, and Yamuna Expressway to accelerate the registry process.

BS Verma, assistant inspector-general of stamps and registry, mentioned that the department typically increases its target by 10-15% each year. He stated, ?In the financial year 2022-23, Noida?s annual target was Rs 40.62 billion. However, we only achieved Rs 30.18 billion, which constituted 74.3% of the target. By December this year, we had collected Rs 26.62 billion.?

Infrastructure Urban

30 Sep 2025

PM Modi Launches Rs 1.22 Trillion Development Projects in Banswara

Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for development works worth over Rs 1.22 trillion in Banswara, Rajasthan, on the fourth day of Navratri. During his visit to the sacred land of Maa Tripura Sundari and Maa Mahi, the Prime Minister paid homage to the region’s spiritual heritage and highlighted the resilience of India’s tribal communities, inspired by the legacy of Mahayogi Govind Guru Ji.Shri Modi emphasised energy generation as a national priority, announcing power projects exceeding Rs 900 billion across Rajasthan, Madhya Pradesh, Andhra Pradesh, ..

GeM Launches Campaign to Boost Transparency and Fair Trade

The Government e-Marketplace (GeM) has launched a special campaign during Vigilance Awareness Week titled “GeM Ki Sunien, Satark Rahein, Zimmedar Banein,” reinforcing its commitment to transparency, integrity, and ethical practices in public procurement.The initiative aims to educate and empower buyers to adopt best practices and comply with rules while enabling sellers—including last-mile entrepreneurs, startups, and micro and small enterprises (MSEs) from Tier-2 and Tier-3 cities—to access secure and transparent opportunities. GeM’s safeguards, such as red-flag alerts, structured b..

DoT, FIU-IND Join Forces to Curb Telecom-Based Frauds

The Department of Telecommunications (DoT) and the Financial Intelligence Unit-India (FIU-IND) have signed a comprehensive Memorandum of Understanding (MoU) to strengthen information sharing and coordination, marking a major step in India’s fight against telecom misuse in cyber-crimes and financial fraud.The MoU was signed by Shri Sanjeev Kumar Sharma, Deputy Director General (AI & Digital Intelligence Unit – DIU), DoT, and Shri Amit Mohan Govil, Director, FIU-IND, in the presence of Dr. Neeraj Mittal, Secretary (Telecom), and Shri Arvind Shrivastava, Secretary (Revenue). The agreement..