Yogi Govt Shames Big Ticket Builders; Amrapali, Omaxe, ATS Named As Defaulters In Greater Noida

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Noida:The Greater Noida Industrial Development authority (GNIDA)on Tuesday uploaded the list of allotteesdefaulting on the payment of dues for land for group housing projects, industries and commercial activities in the capital’s upmarket suburb. 
Following the directions from the Chief Minister’s office, the list of defaulters has now been made public. It mentions that there are a total of 1363 defaulters among those who were allotted plots for setting up industrial units and developing housing projects. Their total dues to the government stand at Rs 4300 crores.

Among the two categories of defaulters, the number from developer’s list is greater and they owe over 95% of the dues. There are total of 102 group projects whose developers have not cleared dues of more than Rs 4050 crores against allotments of land for developing housing projects in the city. 
Names of three reality majors topping the list of defaulters are -- Amrapali, Omaxe and ATS.Amrapali alone have dues of more than Rs 1852 crores against land allotments for housing projects namely Leisure Valley, Dream Valley, Smart City and Centurion Park and again Leisure Valley, which is another housing project in Greater Noida. It is being followed by Omaxe which has dues of Rs 129.38 crores. ATS Infrastructure with dues Rs 155.18 crores is the third big defaulter in the list released by GNIDA. 
The reality majors have also not submitted the balance seats of sold and remaining flats in housing project named Leisure Valley. An official source said that it will begin the recovery process from the defaulters named in the list. Many developers have submitted proposal for project settlement policy.

 

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