Noida builders get payment notice

[Pradeep Sharma]

Noida builders get payment notice   NOIDA: The Noida Authority has issued notices to 44 developers for defaulting in payments due in lieu of land allotted to them for construction of group housing societies. Earlier, the Authority had sent several reminders to the builders, but after not receiving a positive response the notices were issued. Officials have set the deadline of June 30 to deposit the dues and, if they do not follow the instruction, then the Authority may cancel the lease deeds. This move of the Authority may hit homebuyers hard as they may not be able to get their homes in time if work is stopped or lease deeds are cancelled. The dues are to the tune of Rs 1,407.89 crore.   Officials said developers only pay a certain percentage of the price of the plots allotted to them and the remainder has to be paid in installments along with interest. Senior finance and accounts officer, VK Jain, said, "As per norms, plot owners have to pay 11% interest, but if they default a penalty is charged and the rate is hiked to 14%."   "The builders have repeatedly ignored our reminder letters. We have now decided to take stringent action against them," said a senior Authority official.   The builders who have defaulted in payment include those who were allotted plots in Sectors 44, 45, 46, 50, 61, 74, 76, 77, 78, 93B, 107, 113, 115, 117, 118, 119, 120, 121, 137, 143, 143B, 168 and 144 in Noida.   The developers include well-known ones like Gardenia AIMS, Omaxe Buildwell, Ajnara India, Antriksh, Skytech, Amrapali, Unitech, Ambience Projects and Infrastructure, Imperial Housing Venture, Logix Infrastructure, Sikka Infrastructures, Three C Estate, Opulent Infradevelopers, Paras Seasons Haven, Sethi group, among others. TOI has a copy of the notice that has been issued by the Authority.   Noida Authority GM (group housing), DB Malik, said the developers were sent notices after the accounts department gave him a report stating despite several notices, the developers had not paid their dues. "We had given them ample time to pay their dues, but they did not heed out earlier correspondence," said Malik.   http://timesofindia.indiatimes.com/city/noida/Noida-builders-get-payment-notice/articleshow/14380186.cms

[Pradeep Sharma]

We should raise our concern with RG on this topic. ..anyone who is going to submit his installment..pls check payment documents also... Authority gives payment receipt to all builders... Since RG Residency project is on loan... RG must have got challan receipt from BOB.... --- On Mon, 25/6/12, Pradeep Sharma <frito...@yahoo.co.in> wrote:

[ajay shukla]

Hi,

Has anyone talked with RG, whether they have also got the notice or their payments are regular.

Thanks in advance for the information.

Regards

Ajay

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With Regards
Ajay Shukla
+919810132752

[Mukesh Chaurasia]

Hi,

 

Any update in this regard!!!!!!!!!!!!!

 

Regards,

Mukesh

[Mukesh Chaurasia]

Hi All,

 

I visited the RG Residency site office around 1 hr. back and discussed below 3 points with Mr. Lalit (RG Group - responsible for payment related task).

1. RG did not get any Payment Reminder from Noida Authority. Good for all of us..

2. Service Tax has been applicable from April-2012. He said about other builders too. I checked with Ajnara Heritage and they have also charged from April 2012.

3. There is no reduction in carpet area for 2+Study.

 

Please share if you have any other feedback from RG.

 

Regards,

Mukesh

[Manoj Sharma]

Thanks Mukesh..

Regards,
Manoj Kr Sharma
91-9810049798

[Mukesh Chaurasia]

My Pleasure...

 

It's all of us duty to update the RG related news on time with every member..

 

Regards,

Mukesh Anand Chaurasia

9811908986

[Gaurav Garg]

Hi Mukesh

thanks for the feedback, i want to know that what is the construction status on site.

Thanks
Gaurav Garg

[Mukesh Chaurasia]

HI Gaurav,

 

The construction status is same as of 12th June updated on site..They didn't do more on construction part..

Thanks,

Mukesh

[PM]

It is really great news for us!!!

Thanks Mukesh!!!

Thanks Mukesh..

Ajay

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With Regards
Ajay Shukla
+919810132752

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Regards,
Manoj Kr Sharma
91-9810049798

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