Ghaziabad Development Authority (GDA)'s 155th board meeting held on Thursday deliberated over the demand of 30 hectare land by the Regional Rail Transit System (RRTS) in Madhuban- Bapudham area and sent the file containing details to the Uttar Pradesh Government.

GDA in its communiqué to the State Government has sought guidelines for the project as there are certain ambiguities.

The other proposals in the meeting were GDA's efforts to push to improve its finances by selling its  2,235 unsold properties . The financial comptroller presented the balance sheet before the board with Rs 1,325 crore  as reserve funds. The GDA owes a loan of Rs 1,600 crore from banks and other financial institutions and an investment to the tune of Rs 908 crore has been shown in different financial institutions. 

The GDA Chairperson and Divisional Commissioner,  Anita C Meshram, who chaired the meeting said , "The board meeting discussed  20 proposals on Thursday. The proposal to develop a residential complex on its land in Nehru Nagar has been put on hold. The elected members proposed to seek objections from the poeple vis-à-vis this project, which accepted by the board.  The residential complex would comes up only after seeking public opinion for the project".

In another significant decision the board also put on hold the proposal of converting of single unit residential plot into multi residential property. The matter has been referred for further clarification to the State Government.

The GDA board also extended the grace period of auction for the fast development and to facilitate to real estate developers such as Integrated and Hi-tech townships being developed by Ansal's and Uppal Chaddha  group respectively, an official added.

Other proposals including minor amendments in the layout plans in Indirapuram, CNG pump stations, empanelment of lawyers and denotifying the land use for PM Avas Yojna was also given the go ahead by the board, the official said.