Ad

Unitech’s Property @1203 Cr in Noida Cancelled

Oct. 30 Crime, Economy, Social Cause Comments

(Noida)Unitech’s Property @1203 Cr in Noida Cancelled
The Noida Authority on Wednesday said it has cancelled the allotment of a group housing property to crisis-hit realtor Unitech over non-payment of dues worth Rs 1,203 crore.
The property concerned is located in Sector 113 where the real estate group had also come up with 17 towers without getting the map cleared by the authority, in violation of the Noida Building Regulation, 2010, it said.
The group is also accused of trying to have an agreement to sell 19,181.50 sq metre of land to M/s Sethi Residents and M/s GMA Developers, making them third-party, without seeking the authority’s permission.
This was done in violation of the lease law

Tags: ,