The Greater Noida expert issued last notification to seven real estate agents for non installment of duty adding up to Rs 200 crore, on Wednesday. Prior, the specialist scratched off the plot distribution of Value Infrabuild India Pvt Ltd for non installment of levy.
"On the off chance that these seven real estate brokers don't submit tasteful answers to our notification in the following 15 days, we should cross out the land assignment. We had issued them a few notification in the past yet they didn't clear their property levy," said Deepak Agarwal, CEO of the Greater Noida specialist.
The state government has coordinated authorities of the Greater Noida specialist to cross out plot designation to those manufacturers who neglect to clear land levy, or the individuals who don't have any significant bearing to exit from a realty extend under the venture settlement approach, which expresses that a manufacturer can exit from a wiped out realty venture or complete the venture by presenting co-engineer (s).
"At the point when these seven real estate agents did not clear land levy and did not have any significant bearing under PSP our group from the arranging office went at the site to check whether these brokers had attempted development at the venture locales or not. The group discovered seven real estate agents had not started development. Accordingly, we are giving them the last chance to answer else confront cancelation," Agarwal said.
A great many homebuyers have purchased pads in these proposed realty ventures. These seven ventures are situated in division 1, Eta-I, Beta-I and Pi zones. The plot size is in the scope of one section of land to five sections of land.
Authorities said they don't ensure discount to purchasers who have made interests in any realty extend. In any case, the expert will dispense the purchasers some sum that they have effectively gathered from the broker towards the cost of land.
"We distribute plots to a real estate agent, who then offers the level to the purchasers. Accordingly, the manufacturer is at risk to discount the cash gathered from the purchasers. The strictest move that we can make is to cross out the distribution. We will circulate cash among purchasers from the sum the real estate agents have stored with us," Agarwal included.