Greater Noida: The authority of the development of the Great Noida Industry (Gnida), which has financial debt to various banks around Rs 7,000 Crores until 2017, has reduced the RS 2,587 Crore for the last three years.
Financial health in Gautam Budh Nagar, especially the authority of Noida and Gnida, has been under pressure because of the large contributions obtained by the sales agent against land allotment.
The larger Noida authority said he had managed to recover Rs 1,874 Crore from absent from the given property, including additional receipts, including additional.
And its income has been supported by property sales in the allotment scheme that devotes Rs 315 Crore alone from industrial investment in the current financial year.
“In the last three years, authorities have become financially stronger despite the corona crisis.
This is confirmed by the fact that Gnida’s debt has dropped by almost Rs 2,600 Crore while we have also spent many projects on various projects during the same period,” said CEO Gnida Narendra Bhooshan.
“In industrial investment, the authority has set a new record.
For the first time in the current financial year and with three months still have to leave, it has produced Rs 315 Crore through industry investment only,” said BhooShan Toi.
Earlier this week, Bhohosan reviewed the Gnida balance sheet.
“Gnida now has a debt around Rs 4,413 Crore.
If the contribution is received from the builder, which owes most of the number, the authority will not only pay the loan, but the bank balance will also be better,” BhooShan added.
Ovindra Singh from the Ministry of Finance The Noida Authority is the top of the peak of two receivers of income are industrial rations and commercial rations (Rs 209 Crore).