<p>The <a href="https://www.deccanherald.com/tag/noida" target="_blank">Noida</a> Authority on Sunday said it has earmarked Rs 1,000 crore for acquisition of land for area which would be known as 'New Noida'. </p>.<p>The authority also made a provision of Rs 500 crore for land acquisition in the existing Noida area, while it set aside Rs 1,906 crore for infrastructure and development work, it said in a statement.</p>.<p>The announcements were made after the 209th Board Meeting of the Noida Authority held in presence of UP Industrial and Infrastructure Development Commissioner Manoj Kumar Singh. </p>.<p>The Noida Authority Board approved a budget of Rs 6,920 crore for 2023-24 during the meeting, also attended by Authority CEO Ritu Maheshwari. </p>.<p>"A target of Rs 8,920 crore in revenue and Rs 6,503 crore in expenditures has been set by the Noida Authority Board for the financial year 2023-24," the Authority said in the statement.</p>.<p>"For the financial year 2022-23, the authority's target of revenue was Rs 4,880.62 crore and expenditure target of Rs 4,579 crore (108 per cent more than the target) was achieved," it said.</p>.<p>The board noted that in the last financial year, both income and expenditure in Noida have been more than the set target.</p>.<p>"The main reason for higher receipts this year is the sale of industrial and residential plots through the e-auction system," the statement added.</p>.<p>A total provision of Rs 500 crore has been made by the Authority for land acquisition in Noida area and Rs 1,000 crore for land acquisition in New Noida, it stated.</p>.<p>Expressing dissatisfaction over the progress of land acquisition last year, the Revenue Department was directed to speed up the efforts of land acquisition in the coming months, the statement added.</p>.<p>With a view to strengthen infrastructure facilities, an expenditure of Rs 1,906 crore was approved for development and construction work, in which administrative office, Sector-96, construction of elevated road from Chilla regulator to Mahamaya flyover, and construction of elevated road, among others, will be taken up, it stated.</p>.<p>A total provision of Rs 141 crore has been made in the current financial year for village development, which includes cleanliness arrangements, road repair and urban maintenance work, the statement added.</p>
<p>The <a href="https://www.deccanherald.com/tag/noida" target="_blank">Noida</a> Authority on Sunday said it has earmarked Rs 1,000 crore for acquisition of land for area which would be known as 'New Noida'. </p>.<p>The authority also made a provision of Rs 500 crore for land acquisition in the existing Noida area, while it set aside Rs 1,906 crore for infrastructure and development work, it said in a statement.</p>.<p>The announcements were made after the 209th Board Meeting of the Noida Authority held in presence of UP Industrial and Infrastructure Development Commissioner Manoj Kumar Singh. </p>.<p>The Noida Authority Board approved a budget of Rs 6,920 crore for 2023-24 during the meeting, also attended by Authority CEO Ritu Maheshwari. </p>.<p>"A target of Rs 8,920 crore in revenue and Rs 6,503 crore in expenditures has been set by the Noida Authority Board for the financial year 2023-24," the Authority said in the statement.</p>.<p>"For the financial year 2022-23, the authority's target of revenue was Rs 4,880.62 crore and expenditure target of Rs 4,579 crore (108 per cent more than the target) was achieved," it said.</p>.<p>The board noted that in the last financial year, both income and expenditure in Noida have been more than the set target.</p>.<p>"The main reason for higher receipts this year is the sale of industrial and residential plots through the e-auction system," the statement added.</p>.<p>A total provision of Rs 500 crore has been made by the Authority for land acquisition in Noida area and Rs 1,000 crore for land acquisition in New Noida, it stated.</p>.<p>Expressing dissatisfaction over the progress of land acquisition last year, the Revenue Department was directed to speed up the efforts of land acquisition in the coming months, the statement added.</p>.<p>With a view to strengthen infrastructure facilities, an expenditure of Rs 1,906 crore was approved for development and construction work, in which administrative office, Sector-96, construction of elevated road from Chilla regulator to Mahamaya flyover, and construction of elevated road, among others, will be taken up, it stated.</p>.<p>A total provision of Rs 141 crore has been made in the current financial year for village development, which includes cleanliness arrangements, road repair and urban maintenance work, the statement added.</p>