Greater Noida Authority Uploads List Of Defaulters Owing Rs.4000 Crore

The Greater Noida Industrial Development Authority (GNIDA), following the footsteps of Noida Authority has made and uploaded a list of all the realtors who have been defaulters in making payments, including both industrial and group housing developers.

After uploading a list of defaulters on the website, which has a total of 1363 developers, GNIDA has warned them of stringent actions including the issuing of recovery certificates and cancelling of lease deed if the defaulters are not following the rescheduled payment plan.

The dues to GNIDA have amounted to more than Rs.4000 crore. Listing all the defaulters came after the authorities of Noida and Greater Noida reduced their budgets while not executing the plans of planned infrastructure because of liquidity crunch. In totality, 102 developers owe more than Rs.3000 crore to GNIDA which ultimately amounts to Rs.4056 crore after charging the penal interest, 64.7% compensation dues and lease rent.

The next are the industrial property owners in the list of defaulters who owe Rs.377 crore.

To bring transparency in the system, list of defaulters in the categories of industrial and group housing have been uploaded by GNIDA on its website – Click Here.