YEIDA cancels land allocations for 14 group housing projects
Ten News Network
Noida, 13th October, 2022: Due to lease deed violation and non-payment of dues, Yamuna Expressway Industrial Development Authority (YEIDA) has cancelled the land allotment of 14 group housing projects.
It has also forfeited an amount of more than Rs 209 crore of the developers, to whom a total of more than 15.25 lakh sqm of land was allotted.
Ten of the cancelled plots are in Sector 22D, two in Sector 18, and one in each of Sectors 22A and 26A. The projects that have been cancelled are Three Sea Residency Pvt Ltd, Sukriti Infracom Pvt Ltd, Emerald Promoters Pvt Ltd, Cosmic Infradevelopers Pvt Ltd, Three Sea Homes Pvt Ltd, etc.
According to the data obtained, due to the Covid pandemic, two developers’ group housing land allocations in 2019, three in 2021, and nine in 2022 have been cancelled, whereas no allotment was cancelled in 2020.
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