Noida Authority prepares defaulters list for plot allotment dues!

Greater Noida (17/4/2019) : In order to take action against the defaulters, the Noida Authority has prepared a list of developers who owe more than Rs 10500 crore against plot allotments for developing group housing projects across the city.

The Noida Authority is the agency which owns the land. The list, prepared by the authority, consists of 25 developers against whom Rs 10563 crore is pending. One of the officials told that “We are chalking out a plan to clear all the dues. In fact, a review meeting was called off in this regard.”

Granite Gate Property Limited, which is developing group housing project Lotus Panache in Sector 110, tops the defaulters’ list with Rs 500 crore pending. Whereas realty majors, Unitech and Amrapali, are facing litigation.

3C Company, developing housing projects in Sector 105, owes Rs 366 crore to the authority. The list also includes Gardenia, Logic City and Omaxe who owe Rs 344, 270 and 265 crores respectively.

“According to our action plan, we would invite those developers for a meeting who have paid the amount for a particular housing project but are yet to pay for other pending projects. We will discuss the issue and ask them to clear the dues,” the official said.

He further added that other developers, who have not been mentioned in the list, will also be served notices to clear the pending amount.