![]() No Sports Authority or organisation was consulted to decide the specifications of sports infrastructure. There was no condition in the tender for submission of a Detailed Project Report (DPR) for undertaking a project of such magnitude, it said. The sole criterion NOIDA relied upon while inviting bids and determining the eligibility of the bidders, was experience in developing real estate projects. Moreover, technical eligibility criteria of the net worth of Rs 80 crore to Rs 125 crore was also not commensurate with the value of the sports city plots which ranged between Rs 837 crore and Rs 2,264 croreĪs per technical eligibility criteria specified in the scheme brochure, the bidder should have executed a minimum of two completed projects related to real estate development and construction activities of a minimum of 10 lakh sq ft in aggregate during the last five years. The technical eligibility criteria specified for the developers were based on real estate development rather than the development of sports infrastructure. It noted that NOIDA failed to lay down any specifications or parameters for the level of intended sports infrastructure. The facilities intended have either not materialised at all or those created are in complete violation of the Board’s vision, it said. The reserve price for the plots varied from Rs 11500 per sq m to Rs 26,200 per sq m.Ĭonsortiums prioritised the development of Group Housing projects within the Sports City while placing sports-related development on the back-burner. Under the scheme plots measuring 826 acres were offered from 2011 to 2015. The Sports Cities scheme was floated in June 2007 for which sectors 78,79, 150, and 152 were earmarked. The lacunae in sports city policy were further accentuated by failures in due diligence in three out of four allotments, plots worth Rs 4,500 crore involving area of more than 25 lakh sqm were allotted to ineligible entities who did not even meet the technical eligibility criteria of stipulated net worth, turnover or past experience, the report which was tabled in the UP Assembly on December 17 said. For the failures in meeting the stated objectives of creating a Sports City and the huge losses caused to NOIDA, the government should consider taking exemplary action against the delinquent officers, the CAG report noted. Urban planning officials of Noida, a booming industrial township in Uttar Pradesh, granted undue benefits of more than Rs 9,000 crore to the allottees of Sports City plots, to the corresponding detriment of New Okhla Industrial Development Authority (NOIDA). Pharma Industry Conclave Unlocking opportunities in Metal and Mining.Managing Diabetes with Ayurveda Sustainability 100+.Headwinds and Tailwinds Hitachi Social Innovation.Life Insurance Made Simple Future Of Mobility. ![]() ![]() Interview Series Business In The Week Ahead. ![]()
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