GNIDA to cancel allotment given to 7 builders for not opting the amnesty scheme

GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Wednesday said it would cancel the allotment of seven defaulting builders for failing to opt for the amnesty scheme.

“The GNIDA will now issue cancellation of allotment notices to these builders for not applying for the rescheduled payment plan to clear their dues,” said Deepak Agarwal, CEO, GNIDA .

Officials said that of the 95 defaulting group housing builders, 88 have submitted their applications to the GNIDA for the amnesty scheme, the last date for which was September 23. “These builders have an outstanding amount of about Rs 80 crore, which is due to the GNIDA,” Agarwal said. “However, we are going to take strict action against the remaining defaulting developers within the next few days,” he said.

Credits ET Realty

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