Annual Statements
Annual Statement — FY 2024-25
This is a document published by GMADA. This portal links to it for reference and does not host, mirror, or modify the file — it's served directly from gmada.gov.in.
About this document
GMADA's statutory Annual Statement of Accounts — the Balance Sheet and Income & Expenditure Account required under Section 53(1) of the Punjab Regional and Town Planning and Development Act, 1995 — audited each year by an independent chartered accountant and adopted by the Authority. This statement covers the financial year 2024-25 (year ended 2025-03-31).
Auditor's report
Audited by Raj Gupta & Co., Chartered Accountants (FRN 000203N), signed by CA Ajay Garg on 14 November 2025.
The auditor gave an opinion subject to an "Emphasis of Matter" paragraph flagging three issues: TDS deducted by some departments was deposited short of the amount actually due; the Estate Office did not provide all bank statements and Bank Reconciliation Statements needed to verify bank balances (other departments' accounts were confirmed inoperative); and the Estate Office did not provide data on cancelled allotted plots/houses, so the auditor could not verify the Forfeiture Account figures.
Balance sheet summary
Balance Sheet as on 31.03.2025 (previous year: 31.03.2024)
| Liabilities | 31.03.2025 (Rs.) | 31.03.2024 (Rs.) |
|---|---|---|
| Capital Reserves | ₹24,66,68,13,088 | ₹20,13,69,11,447 |
| Secured Loans | ₹46,49,86,23,037 | ₹30,35,76,80,829 |
| Unsecured Loans | ₹1,09,39,57,527 | ₹1,00,87,57,527 |
| Deposits with GMADA | ₹3,33,25,16,215 | ₹3,32,87,92,790 |
| Current Liabilities & Provisions | ₹4,34,05,88,744 | ₹3,13,15,49,870 |
| Total | ₹79,93,24,98,612 | ₹57,96,36,92,462 |
| Assets | 31.03.2025 (Rs.) | 31.03.2024 (Rs.) |
|---|---|---|
| Fixed Assets | ₹8,83,91,250 | ₹10,34,43,063 |
| Works Executed | ₹85,19,49,040 | ₹39,33,08,244 |
| Current Assets, Loans & Advances | ₹78,80,69,07,272 | ₹57,28,16,90,106 |
| Investment in Shares of Unlisted Company | ₹18,52,51,050 | ₹18,52,51,050 |
| Total | ₹79,93,24,98,612 | ₹57,96,36,92,462 |
The balance sheet size (total of assets, equal to total of liabilities) works out to roughly ₹7,993.25 crore, up from about ₹5,796.37 crore a year earlier.
Income & expenditure summary
Income & Expenditure Account for the year ended 31.03.2025
| Current year (Rs.) | Previous year (Rs.) | |
|---|---|---|
| Total Income | ₹19,22,71,12,942 | ₹21,42,47,20,812 |
| Surplus / (Deficit) for the year | ₹4,52,99,01,642 | ₹11,18,36,72,284 |
The largest income line by far was sale of plots/houses/flats (₹1,549.48 crore), followed by instalment interest (₹118.58 crore) and interest from banks (₹4.17 crore).
About this page
Figures on this page were read directly from GMADA's own published PDF (audited balance sheet and, where available, income & expenditure account) — not summarised by AI and not sourced from any third party. Open the original document below to see the full statement, including detailed schedules.