CAG pulls up Noida Authority over group housing projects

The Comptroller and Auditor General of India (CAG) has pulled up Noida Authority over various issues related to group housing projects it allotted between 2005-06 and 2017-18, and said 63% of the projects are either incomplete or partially completed.

CAG accused the authority of lack of a policy framework for costing of properties, excess allowance of floor area ratio (FAR) resulting in lower fixation of reserve price, mis-categorisation of sectors, and non-inclusion of costs, among others.

During the audit period, Noida allotted 67 group housing plots measuring 7.1 million sqm, which were sub-divided into 113 plots by the allottees. Out of the 113 projects, 71 were either incomplete or partially completed, the report said.