Connect with us


GDA gets Rs 600 crore for metro, Hindon elevated road projects


The officials of the Ghaziabad development authority (GDA) said they have got nearly Rs 600 crore sanctioned during the infrastructure development funds’ (IDF) meeting held on Thursday in Meerut. The meeting was chaired by divisional commissioner, Meerut, and attended by senior authority officials.

The officials said of the sanctioned Rs 600 crore, a major portion will be allocated for the 9.41km metro link from Dilshad Garden to New Bus Stand and the 10.3km Hindon elevated road that is under construction from UP Gate to Raj Nagar Extension.

“We got all the proposed funds sanctioned during the infrastructure funds’ meeting. A total of Rs 600 crore was sanctioned for several old and new projects, including the metro link and the Hindon elevated road project. Nearly Rs 400 crore was sanctioned for old projects while Rs 200 crore was sanctioned for new projects,” said Vijay Kumar Yadav, vice-chairman, GDA.

As per the proposals placed for approval during the meeting, the GDA had sought nearly Rs 125 crore for the metro project. As part of its share of Rs 2,210 crore metro project, the authority is to bear nearly Rs 695.8 crore. Earlier, the authority has already received a sanction of Rs 570 crore from the IDF.

According to GDA records, the metro project is 35% complete on the elevated section from Dilshad Garden to New Bus Stand in Ghaziabad. The metro link is slated to have eight stations — at Shaheed Nagar, Raj Bagh, Rajendra Nagar, Shyam Park, Mohan Nagar, Arthala, river Hindon and New Bus Stand.


Officials said with Thursday’s approval from IDF, the authority has completed the funds arrangements for its Rs 695.8 crore share towards the project.

State agencies, including GDA, are to share a total of Rs 1,479.6 crore as UP’s share towards the metro project. After GDA coughs up its share of Rs 695.8 crore, the remaining Rs 783.8 crore is to be shared by the other agencies in a specified proportion.

Most of the other agencies are yet to pay their share in the metro project. The fund’s sharing issue is under discussion at the state government level. The central government will share about 20% of the cost amounting to Rs 402.4 crore.

For the 9.41-km project, a memorandum of understanding was signed between the authority and the DMRC in June 2014. The DMRC had also started the work which is now in advanced stages and is expected to be ready by June 2017.

For the other major project, the 10.3km Hindon elevated road, which is also a priority project of the UP government, a proposal of nearly Rs 123 crore was placed before the IDF meeting.


The total project cost is around Rs 1,147 crore and GDA has already got a sanction of Rs 400 crore loan from the NCR Planning Board.

Latest News

News10 hours ago

Central Park’s Bignonia Towers in Sohna Achieves Rs 500cr Sales Bookings 

New Delhi, 14th June 2024: Bignonia Towers by Central Park in in Sohna has recorded sales bookings of Rs 500...

News11 hours ago

Author Ashwinder R. Singh Launches His Third Book, “Master Commercial Real Estate”

June 14, 2024: Ashwinder R. Singh, acclaimed for his insightful contributions to real estate, launched his third book, “Master Commercial...

News11 hours ago

Grade A Office Spaces Demand Growing at a Brisk pace, 164.3 Mn Sq Ft Added Since 2021

June 14, 2024: India’s office market is undergoing a profound transformation, reflecting the country’s robust economic growth, demographic advantages, and...

News12 hours ago

Real Estate Sector Needs to Gear Up for New Housing Challenges Until 2029, With Rain Harvesting as a Core Element for Housing Projects: HUA Additional Secretary

New Delhi, June 14, 2024: Additional Secretary of the Ministry of Housing and Urban Affairs, D Thara, on Friday asked...

News2 days ago

Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15% in Prime Areas: Report

New Delhi, June 13, 2024: has released its inaugural “The Bharat in India” report on Thursday. The report unveils...

News2 days ago

Housing Prices Soar 13% CAGR as Inflation Moderates to 5.4%: ANAROCK Report 

Mumbai, June 13, 2024: Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money...