The Greater Noida authority on Monday said that it has cancelled 5-acre group housing plot that was allotted to realty firm Brys Group for failing to pay land dues. The group housing plot is located in Sector 10 of Noida Extension.
“We had to cancel the plot (allotment) of this realty firm because it failed to pay financial dues and also did not start work on the site. Despite sending repeated reminders, the realty firm has not replied,” Deepak Agarwal, the chief executive officer of the Greater Noida authority, said.
The realty firm was selling 1, 2, 3 and 4BHK flats in the ‘high-end’ project in Sector 10, Greater Noida West. The owner of this realty firm is in hiding and has failed to complete several projects.
The group had also launched a project to construct a tall residential tower in Sector 150 of Noida. The builder had announced the development of a 300-metre high residential tower in the city. Once completed, it was supposed to be one of the tallest buildings in the national capital region.
However, the realtor did not have the land to build such a project and the Noida authority had issued a notice to the firm in 2012.
Apart from this, the Greater Noida authority is yet to finalise the cancellation of land allotted to seven realtors, who have failed to clear their land dues.
On February 23, the Greater Noida authority had issued a final notice to seven realtors for non-payment of dues amounting to Rs200 crore. Before the notice was issued, the authority had cancelled the plot allotment of Value Infrabuild India Pvt Ltd for non-payment of dues.
“Of the seven, we will cancel the plot allotment of three realtors, who are yet to submit their replies to the last notice. Of these seven, four have submitted their replies. If the four realtors have submitted a satisfactory reply, we will act accordingly. Also, in the three cases, we will take the final call on cancellation of plots soon,” Agarwal said.