Update regarding penalty for late registration and late construction

[Safal Suri]

 

Hi All,

 

Yesterday I met Shri. Arun Vir Singh, CEO, Yamuna Expressway Authority. Spoke to him regarding penalty for late registration and late construction. He informed that the authority has NOT YET finalized the penaltys and promised to be lenient. He also said the details of both kind of penaltys will be uploaded on the authority’s website before September end.

 

He was also very upset from the news/complaints he had received from various allottees regarding the random messages they have been getting from various property dealers and construction companies sending false and misguiding information regarding late registration penalty and late construction penalty.

 

So, please don’t get misguided by all sorts of messages and calls you may have been receiving regarding these penalties. Please wait for official announcement by the authority.

 

That said, just for your information, late registration and late construction attracts 4% penalty for the first year, 6% penalty for the second year and 8% penalty for the third year. The penalty is calculated at original allotment rate.

 

Shall update whenever I have further information regarding these issues.

 

Cheers,

 

Safal Suri

 

 

Sent from Mail for Windows

 

[Sanjeev Bhardwaj]

Thanks 🙏 for updates 

Regards 

Sanjeev Bhardwaj 

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Thanks & Regards,

Sanjeev Bhardwaj

Mobile No. 9818221194

[Tariq]

Plz forward the latest Map of sector 18 Pocket 7 E. 

Thanx and Regards..

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[Mohinder Juneja]

Thanks for updation.

Regards

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[Joe guru]

Thank you sir for warning group to overlook misleading information from agents and brokers. 

I am also curious to know about the penalty details by YEIDA website. 

Regards

Dr. Puru Tiwari

To view this discussion on the web, visit https://groups.google.com/d/msgid/yeida/CAFACWX4eeeCTyZaXopm_%2Be3Ufx%2BccLjWSDgdxE%3DqutAP6QoDOg%40mail.gmail.com.

[Harish Chaudhry]

Thanks Mr. Suri

Harish Kumar Chaudhry 

To view this discussion on the web, visit https://groups.google.com/d/msgid/yeida/CAMcdKCWA1Aba-7ZWq-CnyGK6H8AThtj4328R-PCNmdSmA%2B_edw%40mail.gmail.com.

[Deepak Mittal]

Thanks a lot for updates. Can we form a whatsApp group for YEIDA plot owners

Thanks

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[Bhaskar]

Thanks for the update.

Also, Authority should keep in mind, that they had extended the Registration date multiple times during COVID. They should treat all those registration accordingly and should give them benefit if they executed registry despite date extension happening (as I recall, date extension was informed very late). 

There had been many gaps and communication laps during covid times and counting time duration since then shouldn't be best as those time no major progress was done on site.

Thanks

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