MUDA lessens revenue targets

Q: Hello, I heard that MUDA has got their revenue collection target down. Why have they done that. DO you know?

Vijay Karthik, Mysore

1st April 2015

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Replies (9)

Hey. SOme more insights. Another Rs 160 crore is projected from sale of corner and intermediate sites in developed layouts and around Rs 34 crore from the allotment of civic amenities sites. We will see how this pans out.

Geeta Rajan, Mysore

6th April 2015

Comment

In the last couple years, the main contributor to revenue were the sale of sites. During 2015-16, it expected to get Rs 150 crore from the sale of 2,264 sites at RT Nagar and Lalithadri Nagar II Stage . While RT Nagar has 1,764 sites, Lalithadri Nagar at the foothills of Chamundi Hills has 500.

Uma Maheshwari, Mysore

5th April 2015

Comment

In 2014-15, it had targeted to garner Rs 486.70 crore, but ended up with Rs 341.42 crore. This could have made Muda commissioner S Palaiah projected a revenue generation of Rs 425.97 crore in 2015-16.

Lava Shanker, Mysore

5th April 2015

Comment

You know the poor generation of revenue is affecting developmental projects and the once cash-rich urban body is unable to spare money.
Also, In 2013-14, it failed in achieving the revenue generation target of Rs 540.96 crore.

Uma Maheshwari, Mysore

4th April 2015

Comment

During the budget meeting, the legislators and members took the officials to task and told the chairman K R Mohan Kumar to put the house in order.

Savitri Hiremath, Mysore

3rd April 2015

Comment

This is when it changed the revenue generation model this fiscal, betting on sale of sites in developed layouts. But as of now, their fortunes do not look any bright. I think they are really in a tough place right now.

navya shree, Mysore

2nd April 2015

Comment

As against Rs 240.56-crore revenue expected from the sale of corner and intermediate sites in several developed layouts around the city, it could get only somewhere near Rs 93.91 crore. A total of 147 crore rupees less.

Deepesh Gowda, Mysore

2nd April 2015

Comment

In 2014-15, it projected a revenue generation of Rs 132.95 crore from the sale of sites. At the end of the financial year, it earned Rs 4.48 crore as it was not been able to allot sites and generate revenue.

Utsav Chakraborty, Mysore

1st April 2015

Comment

The urban body has for the third straight year cut the revenue target, which means it is in a lot of mess. Though it presented a surplus of Rs 2.71 crore, all is not well at MUDA at present. How are they gonna break out of this. We will ahve to see..

Rohan Krishna, Mysore

1st April 2015

Comment