te YEIDA cancels allotment of 14 group housing projects due to non-payment of dues | Zee Business

YEIDA cancels allotment of 14 group housing projects due to non-payment of dues

The authority has 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.

YEIDA cancels allotment of 14 group housing projects due to non-payment of dues
Of the cancelled plots, 10 are situated in Sector 22D, two in Sector 18 and one each in Sectors 22A and 26A. Pic: Reuters/ Representational Image

Yamuna Expressway Industrial Development Authority (YEIDA) has cancelled the land allotment of 14 group housing projects for violation of terms and conditions of lease deed and non-payment of dues.

The authority 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.

According to the information received, the group housing land allocation of two developers in 2019, three in 2021 and nine in 2022 have been cancelled, whereas no allotment was cancelled in 2020 due to the Covid pandemic.

TRENDING NOW

Of the cancelled plots, 10 are situated in Sector 22D, two in Sector 18 and one each in Sectors 22A and 26A.

The cancelled projects are, namely Three Sea Residency Pvt Ltd, Sukriti Infracom Pvt Ltd, Emerald Promoters Pvt Ltd, Cosmic Infradevelopers Pvt Ltd, Three Sea Homes Pvt Ltd, UG Infrastructure Pvt Ltd, Trivalli Project Pvt Ltd, Sunwhite Infratech, Pratham Real Venture, Growth Infradevelopers Pvt Ltd, Ajnara India Pvt Ltd, Silverline Furnishing & Furniture Pvt , SDS Housing Pvt Ltd and Infracity Pvt.

Written By: IANS
Updated: Thu, Oct 13, 2022
04:09 pm
New Delhi, IANS
RELATED NEWS
Housystan's zero brokerage and subscription-free property deals gain popularity among homebuyers Housystan's zero brokerage and subscription-free property deals gain popularity among homebuyers
Keystone Realtors sales bookings up 26% to Rs 1,423 crore in April-December Keystone Realtors sales bookings up 26% to Rs 1,423 crore in April-December
TARC Limited announces launch of ultra-luxury, high-rise residential project 'TARC Kailasa' in Central Delhi TARC Limited announces launch of ultra-luxury, high-rise residential project 'TARC Kailasa' in Central Delhi
PE investments in real estate dip 26% to $2.65 billion in April-December on global uncertainties, high interest rate: Report PE investments in real estate dip 26% to $2.65 billion in April-December on global uncertainties, high interest rate: Report

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x