NOIDA: Land lease of a private developer here was cancelled on Thursday over non-payment of over Rs 157 crore dues towards the Noida Authority, officials said.
The property in the Sports City of sector 98 was allotted to the Dwelling Star Developers, which was issued multiple recovery notices and reminders over the non-payment since November 2017, the officials said.
Noida Authority CEO Ritu Maheshwari had called for a review of major defaulters and entities which have dues pending towards it and accordingly initiate action against them, they said.
"During the ongoing review, it was found that Dwelling Star Developers is among the major defaulters. It was allotted a property in Sports City H Block of sector 98 in Noida but the developer's dues have accumulated to Rs 157 crore over the years," a Noida Authority official said.
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The property in the Sports City of sector 98 was allotted to the Dwelling Star Developers, which was issued multiple recovery notices and reminders over the non-payment since November 2017, the officials said.
Noida Authority CEO Ritu Maheshwari had called for a review of major defaulters and entities which have dues pending towards it and accordingly initiate action against them, they said.
"During the ongoing review, it was found that Dwelling Star Developers is among the major defaulters. It was allotted a property in Sports City H Block of sector 98 in Noida but the developer's dues have accumulated to Rs 157 crore over the years," a Noida Authority official said.
HouseBrand Real Estate
We will negotiate the best Property and land deal in the market for you and support you throughout the process of Property and land acquisition. Our main objective is to get you the best Property and land in the region of your choice and that too in your budget only. Contact us for Best Deals and offers.
For Any Queries Contacts us
Phone- 9811135518
E-mail- housebrandrealestate@gmail.com
Web- housebrandrealestate.in
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