Ghaziabad agency sends list of 16 defaulters to district head for recovery of Rs357 crore | noida | Hindustan Times
Today in New Delhi, India
Nov 21, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Ghaziabad agency sends list of 16 defaulters to district head for recovery of Rs357 crore

GDA officials said the developers have defaulted on payment of land due for nearly seven years.

noida Updated: Oct 30, 2017 21:44 IST
Peeyush Khandelwal
The list was forwarded to the Ghaziabad district magistrate, from where the recovery certificate (RC) will be issued to the erring developers.
The list was forwarded to the Ghaziabad district magistrate, from where the recovery certificate (RC) will be issued to the erring developers.(Sakib Ali/HT File)

The Ghaziabad Development Authority (GDA) on Monday released a list of 16 defaulters who are yet to clear land dues. The list was forwarded to the Ghaziabad district magistrate, from where the recovery certificate (RC) will be issued to the erring developers.

These defaulters have to pay an outstanding amount of Rs357.54 crore to GDA.

Officials said that projects of Celebration City and Habitat Centre, with dues of Rs147.59 crore and Rs113 crore, respectively, figure among the defaulters.

GDA officials said the developers have defaulted on payments for nearly seven years.

“We regularly issued notices to the erring developers but they did not respond or deposit the pending money. Hence, the list was sent to district collector for recovery,” said AR Rahi, property in-charge, GDA.

Additional district magistrate, Rajesh Kumar Yadav, said that five RCs were issued on Monday and sent to tehsildars for recovery.

“The tehsildars will send notices and initiate recovery proceedings. In case of non-deposition, arrests can also be made and we can also attach their property for recovery. When we issue RC, the recovery is similar to the land revenue recovery — 10% recovery charges are also realised from the defaulter,” he said.

However, the developers said they met GDA vice-chairperson and have explained their issues.

“GDA must allow us some relief due to the present market situation. Despite all odds, our construction activity is going on and has not stopped despite a delay of nearly a year. In case GDA seals the project, homebuyers will be troubled. We purchased the land in 2012 and paid nearly Rs8 crore of Rs10 crore, including charges and stamp duty. However, on the balance amount, the authority levied heavy penalty and compound interest,” said Manoj Sharma, director of Magus Consortium Orchid Avenue Private Limited, Indirapuram.

He said that developers were waiting for one-time settlement scheme but such an option has not been initiated.

Officials of Indirapuram Habitat Centre said that they will clear the dues after resolving the difference between their calculation and the GDA’s. “The GDA says that Rs113 crore is pending, while according to our calculations, Rs 90 crore is pending. The issue was also raised with the state administration for resolution and their reply is awaited. Amid this, the authority also sealed our sales and construction area,” said Yudhvir Singh, the company’s operations head.

He said that considering prevailing market conditions, the authority must allow the developers a facility to pay in instalments.