18,141 square meters of land was allotted to Assotech Infrastructure in 2006 and the same was handed over to the builder in October following the execution of a lease deed but the builder never went ahead with the project.
NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has cancelled land allotment to a group housing project in Sector Pi since the builder has failed to start construction more than 15 years after the allotment. Officials said that even the map of the project was never passed.
“The builder was required to complete the construction work in six years and then get the occupancy certificate. After this period, the builder can obtain some more time by depositing a prescribed fee to the authority, but the builder did not even get the map passed. It also did not apply for any extension.”Soumya Srivastava, OSD (builder department).
It was further added that there was no provision to give any concession once 15 years had passed since the issue of the lease deed. “The tenure of the plot allotted to Assotech Infrastructure crossed 15 years in March 2022. In these 15 years, the builder did not initiate any work. Additionally, the builder did not inform the authority about any flat bookings,”
The authority will now allot this plot under a new scheme and the builder would get back 75% of the total amount deposited for the plot allotment, Srivastava said
YEIDA CEO Surendra Singh said, “Any allottee who does not complete a project within stipulated time will not be spared. All departments have been ordered to cancel allotments to allottees, sitting on projects for a long time and not making any progress. The authority will take possession of those plots and allot them through new schemes.”