New Delhi: Strict preparations are now being made against the builders. The Noida Authority has decided to issue Recovery Certificates (RCs) to builders who owe a huge amount of land dues. These are the builders who are not showing interest in clearing their dues. The CEO of Noida Authority had a meeting on Tuesday. In this, instructions have been given to issue RC against such builders. There are a lot of builders in Noida who have not taken permission for rescheduling and flat wise registry. The CEO had held a meeting regarding the registry, rescheduling and progress report of per flat registry of 115 builder projects. According to the CEO, projects in which the construction work has been completed, but the builders are not paying the dues to the authority. RC will now be issued to such builders immediately. Simultaneously, such projects which are under construction and have dues to the authority, against them, as per the condition of lease deed, partial cancellation, tower sealing and RC will be issued. Maharera will again send notice to builders, out of 19 thousand only 6 thousand projects have been updated, action will also be taken?
Only two builders have come forward
Artharity’s rescheduling plan is meant to bring relief to developers. But even after this the builders have not paid the outstanding amount. According to officials, so far only two builders have come forward to take advantage of the scheme. If the defaulter builder does not pay the dues even after the RC is issued, his property can be attached and then auctioned to recover the amount. According to official data, there are 34 projects in the city that have been completed but have a backlog of over Rs 1,550 crore. During the review meeting on Tuesday, CEO Ritu Maheshwari has ordered to issue RC against them.
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Speed up the registration process
The official informed that the authority will also organize special camps to facilitate home buyers and builders to expedite the registry process. 14 Amrapali and Unitech projects pending in the Supreme Court have outstanding dues of Rs 13,850 crore. The officers have also been directed to take necessary action in respect of liabilities of 14 projects after taking legal opinion.