Land dues: File criminal cases against defaulting developers, says Greater Noida chairman
On September 15, 2016, the Greater Noida authority made public a list of 164 group housing projects, which together owe ₹4,500 crore (including interest on default)noida Updated: Apr 20, 2017 22:43 IST
The Greater Noida and Yamuna Expressway authorities’ new chairman Dr Prabhat Kumar on Thursday directed his staff to lodge criminal cases against builders who are failing to clear their land dues.
Kumar, who specialises in probing graft, made it very clear to his staff on the very first day of his joining that he will act strictly if anyone flouts rules.
His agenda is clear — that his staff should work honestly to bring development and all defaulting builders should pay up their land dues or face legal consequences.
“I have directed my staff to lodge criminal cases against those, who are deliberately not paying the land dues to the authority. We will not hesitate in taking action against a developer if he is not following policies. We want to resolve homebuyers’ issues and ensure builders do not harass the homebuyers,” said Kumar.
Kumar reached the Greater Noida authority’s Knowledge Park-IV office at 11am. Officials gave a presentation to the new chairman for about 20 minutes. Subsequently, the new chairman held a meeting with the staff before reaching the Yamuna Expressway Industrial Development Authority to take charge.
Kumar has been appointed commissioner for Meerut division, besides being vested with the additional responsibility of being the chairman of the two authorities.
On September 15, 2016, the Greater Noida authority made public a list of 164 group housing projects, which together owe ₹4,500 crore (including interest on default). The Greater Noida authority is facing financial crisis because the developers have stopped clearing their land dues. As per the policy, the authority, from 2008-09 onwards, had been allotting housing land to developers on the condition that they paid 10-20 per cent of the total cost of the plot. They were supposed to pay remaining cost in instalments.
“But almost all developers including major ones failed to pay the dues. As a result, the authority is facing a funds crunch. We have even borrowed ₹2,500 crore from the Noida authority as well as from other banks to pay for various needs of the authority,” said an official of the Greater Noida authority.
Kumar said that he will try to revive financial condition of the authority.