1. You Are At:
  2. English News
  3. India
  4. Noida admin attaches flats, villas worth more than Rs 344 cr over dues on builders

Noida admin attaches flats, villas worth more than Rs 344 cr over dues on builders

​The Gautam Buddh Nagar administration Wednesday attached flats, villas and land plots worth Rs 344.23 crore over the non-payment of dues by 32 real estate developers, according to an official order.

PTI PTI
New Delhi Published on: June 30, 2021 19:26 IST
noida flats attached, noida villas attached, noida buildings, noida builders, noida latest news,
Image Source : PTI

Noida admin attaches flats, villas worth more than Rs 344 cr over dues on builders

The Gautam Buddh Nagar administration Wednesday attached flats, villas and land plots worth Rs 344.23 crore over the non-payment of dues by 32 real estate developers, according to an official order.

The properties would be soon put on e-auction to recover the money the developers owe to the government, stated the order issued by Additional District Magistrate (Finance and Revenue) Vandita Shrivastava.

According to the order, 162 flats, six land plots, five commercial spaces and 28 villas have been attached by the district administration.

"These properties been attached over non-payment by these builders despite recovery certificates being issued by the Uttar Pradesh Real Estate Regulatory Authority (RERA)," Shrivastava said.

"The estimated value of these properties has been put at Rs 344.23 crore. These immovable assets will be auctioned online through local industrial development authorities, for which permission has been sought from the state," she added.

The immovable assets of the 32 builders lie in Dadri and Sadar tehsil areas of the district spread across Noida and Greater Noida.

READ MORE: This IT firm plans to recruit over 1,000 employees for offices in Mumbai, Chennai, Noida, Bengaluru

Latest India News

Write a comment