Gautam Budh Nagar district magistrate N P Singh said the developers have not registered these properties in favour of their respective buyers, despite, in some cases, having obtained occupation certificates from the authority. The stamp and registration department has sent notices to all 11 developers and asked them to show cause. It has also appealed home and shop buyers to approach the administration, in case developers have not handed over registration certificates after buyers have submitted the registry amounts to the developer.
Singh said they stumbled upon the anomaly during an audit, adding that in many cases, home buyers have already been living in the flats for the past year, having paid the developer the registry money. On an average, buyers have paid developers Rs 3-4 lakh to register their flats/shops. But the developer has sat on the money after buying stamps for registry. The total amount withheld against flats alone is at least Rs 265.23 crore (8,841 x Rs 3 lakh).
"Inhabiting flats without registration/occupation certificates is an offence. Once we got wind of the issue, I ordered the stamp and registration department to act against defaulters. There are 8,841 flats and 630 shops for which registration certificates have not been taken. We've given them a week's time to respond, after which, we'll act against owners of the properties as well," said Singh, adding that notices will be served to occupants as well, as they too are violating law. The administration will also cut utility connections to these properties, he said. Singh said in many cases, developers have delayed handover of properties, using the gridlock over declaration of an eco-sensitive zone around the Okhla Bird Sanctuary (OBS) as an excuse. This, too, has led to revenue loss for the government, which is scheduled to reap a revenue of nearly Rs 450 crore once 80,000 flats falling within 10 km radius of OBS are registered.
In a letter to Noida Authority (TOI has a copy), the GB Nagar DM has written that home buyers are panicking, after registration of flats got delayed yet again after developers defaulted in their payments to the Authority. They had earlier suffered years of delay due to OBS imbroglio. Responding to the accusation against the builders, Credai president Getamber Anand said, "We've asked members to register properties as soon as possible. The process has been delayed by the lack of proper channel and coordination. With thousands of registries pending, we urge the administration to streamline the process." A despondent Sandeep Singh, RWA president of Prateek Laurel in Sector 120, said, "750 buyers in our society have already deposited the registration amount to the developer months ago, but so far, there is no clarity on the registrations. Nobody is helping us."
Greater Noida Industrial Development Authority
alleges the company owes it over Rs 1,000 crore and had failed to pay up
for almost a decade
The allotment of a 100-acre plot to real estate company Unitech to build
a group housing society has been cancelled by the Greater Noida
Industrial Development Authority (GNIDA), which alleges the company owes
it over Rs 1,000 crore and had failed to pay up for almost a decade.
GNIDA has also decided to toughen its stance against other defaulting allottees, with developers in the region owing it Rs 4,000 crore, an outstanding amount that, the Authority feels, has affected infrastructure development and led to a lull in public utility projects.
A GNIDA official said the land allotment to Unitech was made in 2006 in Mu 2 sector.
"The developer has failed to pay the instalments despite several reminders," said Deepak Agarwal, CEO, GNIDA.
"We had sent the builder several notices warning of impending cancellation but the developer has not paid heed to our warnings. Two notices for cancellation were issued and a final cancellation notice was served to the company on November 18, 2015," he said.
According to the GNIDA, the company owes it Rs 1,055 crore. "We will soon take possession of the plot in cognisance of our cancellation order," said an Authority official.
Unitech's representatives said they had not received any such intimation from the GNIDA and were not in a position to comment.
There are more than a dozen big companies that have defaulted on paying instalments for land allotment.
"If defaulting allottees decide to pay up, they will be presented with a rescheduled payment plan. We will also work out the time frame and the number of instalments that the balance amount has to be paid within," a senior GNIDA official said.
If allottees still do not pay up, officials said stricter action would be taken.
"We will issue lease deed cancellation notices," the official added.
GNIDA has also decided to toughen its stance against other defaulting allottees, with developers in the region owing it Rs 4,000 crore, an outstanding amount that, the Authority feels, has affected infrastructure development and led to a lull in public utility projects.
A GNIDA official said the land allotment to Unitech was made in 2006 in Mu 2 sector.
"The developer has failed to pay the instalments despite several reminders," said Deepak Agarwal, CEO, GNIDA.
"We had sent the builder several notices warning of impending cancellation but the developer has not paid heed to our warnings. Two notices for cancellation were issued and a final cancellation notice was served to the company on November 18, 2015," he said.
According to the GNIDA, the company owes it Rs 1,055 crore. "We will soon take possession of the plot in cognisance of our cancellation order," said an Authority official.
Unitech's representatives said they had not received any such intimation from the GNIDA and were not in a position to comment.
There are more than a dozen big companies that have defaulted on paying instalments for land allotment.
"If defaulting allottees decide to pay up, they will be presented with a rescheduled payment plan. We will also work out the time frame and the number of instalments that the balance amount has to be paid within," a senior GNIDA official said.
If allottees still do not pay up, officials said stricter action would be taken.
"We will issue lease deed cancellation notices," the official added.
No comments:
Post a Comment