LDA earns Rs 2,000 crore by auctioning land freed from mafia

Lucknow, April 2 (IANS) The Lucknow Development Authority (LDA) has earned Rs 2,629.89 crore from the auction of commercial and residential properties last fiscal year.Of the total amount, a major chunk Rs 2,058.64 crore, came from the sale of land that was encroached by land mafia and freed by the Uttar Pradesh government, officials said.Indramani Tripathi, the vice-chairman of LDA, said, "In the last fiscal year (2023-24), the LDA earned Rs 2,629.89 crore through the e-auction of its commercial and residential properties. Out of this, Rs 2,058.64 crore was earned by auctioning properties freed from the illegal possession of land mafia."As part of a drive, LDA had freed 138 plots and 83 shops worth Rs 1,700 crore from illegal possession of land mafias in Gomti Nagar, Gomti Nagar Extension, CG City, Jankipuram and Basant Kunj."Through e-auction, these properties were sold for Rs 2,058.64 crore," said Tripathi.The development authority also sold eight properties to several state government departments for Rs 302.07 crore."The authority was able to e-auction 1,125 flats for Rs 510 crore in the last financial year," said Vivek Srivastava, LDA secretary.Also, 175 flats were allotted through lottery, bringing Rs 61.25 crore to the LDA .--IANSamita/svn

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