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The Varanasi Development Authority (VDA) has approved an INR 2,866.20 crore budget for the financial year 2026-27, marking a significant increase over the previous year. Operational income is estimated at INR 2,070.61 crore and expenditure at INR 2,069 crore. Major revenue sources include land sales and compensation, while expenditure is focused on township development, infrastructure, and administrative projects. Compensation under schemes like Madhni, Ganjari, and Kallipur will total around INR 1,700 crore, supporting major residential and integrated development projects under the Mukhyamantri Shahri Vistarikaran Yojana.
The Varanasi Development Authority (VDA) has passed an INR 2,866.20 crore budget for 2026-27, significantly expanding both income and expenditure compared with the previous fiscal year. Operational receipts are projected at INR 2,070.61 crore, while expenditure is allocated at INR 2,069 crore, highlighting a focused push toward city development. Advertisement
The budget emphasizes planned expansion of Varanasi, including new residential townships, roads, and urban infrastructure. Land sales and compensation are the largest revenue contributors, expected to generate around INR 1,206 crore. Another INR 575 crore is allocated for capital works and expansion schemes. Development expenditure will cover land acquisition, infrastructure construction, project execution, and administrative costs.
In the current financial year, VDA plans to disburse approximately INR 1,700 crore as compensation under township schemes including Madhni, Ganjari, and Kallipur, a step seen as critical to accelerating major residential projects. Active land acquisition and project development are underway for four key residential initiatives under the Mukhyamantri Shahri Vistarikaran Yojana.
Officials have noted that faster map approvals and effective land monetisation may increase actual income beyond the projected figures, strengthening VDA's financial position and giving further momentum to development work. The budget is intended to support the authority's mandate for systematic and sustainable urbanisation, including township creation, institutional development, and enhancement of public amenities.
Established in 1974, the VDA initially covered about 793 sq km, including 635 villages and the municipal area. In 2024, an additional 215 revenue villages were included, expanding the development zone to 1,073 sq km. The operational area spans both banks of the Ganga River, with the authority responsible for road construction, drainage systems, sewer lines, residential schemes, and other infrastructure projects. Compared with the revised 2025-26 budget, which estimated income of INR 378 crore and expenditure of INR 468 crore, the current budget reflects a substantial scaling up in planning and resource allocation.
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