The Board of Directors of the Bhopal Development Authority (BDA) at its meeting here on Friday approved the annual budget for the fiscal year 2017-18. The BDA hopes to earn Rs 523.78 crore in the next fiscal. Its total expenses have been projected at Rs 523.18 crore, showing an excess of income of Rs 60 lakh over expenditure.
Bhopal Development Authority Chairman Om Yadav said the organisation was concentrating on completing the existing schemes.
“Over the last one-and-a-half-years, we have not taken up any new scheme,” he said. The chairman said providing affordable housing to the people was the key objective of the BDA.
“We are selling 2 BHK units for Rs 10 lakh and 1 BHK units for Rs 5 lakh,” the Chairman said.
He said in the last fiscal, BDA had completed work on five major schemes: Barai (1,947 flats), Salaiya (1,104 flats), Misrod Phase-II (500 plots), lawyers’ Chambers and Aerocity (1,250 plots). He said the houses in Barai and Salaiya were ready for possession. The chairman said the Bhopal Development Authority proposed to build only EWS and lIG flats in future.
Bhopal Development Authority had estimated that it would earn Rs 16.73 crore from sale of plots in the last fiscal but could get just Rs 2.56 crore. It had projected an income of Rs 153 crore from sale of houses but the actual figure turned out to be just Rs 45.49 crore.
Similarly, as against the estimated Rs 87 crore income from sale of office and commercial complexes, the actual income was a niggardly Rs 9.32 crore.