The Yamuna Expressway Industrial Development Authority (YEIDA) reported a substantial revenue of INR 982.51 crore in the first half of FY25, showing an increase of over INR 200 crore compared to the same period last year. However, expenses outstripped earnings, totalling INR 1,301 crore. A large portion of the expenditure went into land acquisition, more than doubling last year's figures. The rise in revenue, particularly from group housing projects, alongside increased airport and development spending, reflects YEIDA's focus on future infrastructure growth, despite rising costs.
In the first half of the fiscal year 2024-2025, the Yamuna Expressway Industrial Development Authority (YEIDA) demonstrated notable financial progress. The authority reported revenue of INR 982.51 crore, representing a significant increase compared to the INR 708 crore earned during the same period last year. This INR 200 crore surge can be largely attributed to the rapid growth in group housing projects, which saw revenue skyrocket from INR 31 crore last year to a staggering INR 446 crore this year. YEIDA officials remarked that this boost was aided by the state government's rehabilitation package for stalled projects, inspired by the recommendations of the Amitabh Kant committee.
However, despite the increase in revenue, YEIDA's expenditures outpaced its earnings, reaching a total of INR 1,301 crore during the same period. One of the main drivers of this rise in expenses was land acquisition, which saw a dramatic increase from INR 362 crore last year to INR 799 crore this year. This marked a strategic move by the Authority to create a large land bank, a critical step for supporting future developments along the expressway corridor. Officials explained that YEIDA's commitment to building a solid foundation for infrastructure projects required significant investment in land acquisition, even if it temporarily caused a fiscal imbalance.
Aside from land acquisition, other notable expenses also rose. Airport-related expenditures increased to INR 204 crore from INR 164 crore last year, reflecting the Authority's ongoing efforts to enhance transportation infrastructure. Similarly, the budget for development works saw a modest rise, up by INR 4 crore to INR 214 crore from the previous year's INR 210 crore. These increases underscore YEIDA's broader vision of enhancing its existing projects while preparing for future growth.
The breakdown of YEIDA's revenue sources provides insight into the Authority's multi-faceted financial strategy. In addition to the impressive jump in group housing revenue, industrial projects contributed INR 270 crore, commercial developments generated INR 10.14 crore, institutional sectors brought INR 63 crore, and residential plots accounted for INR 114 crore. This diversified income stream highlights YEIDA's efforts to balance its finances across different sectors.
YEIDA CEO Arun Vir Singh conveyed that the financial data from April 1 to September 20 would be presented at the board meeting, offering a comprehensive view of the Authority's fiscal health. While the report emphasises the positive aspects of YEIDA's revenue growth, particularly in housing and infrastructure sectors, the high expenditure on land acquisition remains a focal point. Singh noted that the Authority had set aside INR 6,063 crore of its total INR 10,000 crore budget for land acquisition this fiscal year. Furthermore, YEIDA has submitted a proposal to acquire 1,700 hectares of land to the district administration as part of its ongoing efforts to build a sustainable land bank for future projects.
In the first half of fiscal year 2024-2025, the Yamuna Expressway Industrial Development Authority (YEIDA) reported impressive revenue growth, driven primarily by a surge in group housing projects. However, this financial progress was overshadowed by significant expenditures, particularly in land acquisition, which remains essential for future developments. As YEIDA continues to build a robust land bank and enhance its infrastructure, careful financial management will be crucial to achieving long-term sustainability and growth.
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