Noida:The land allotment to two educational institutes in Greater Noida has been cancelled due to non-payment of dues of over Rs 50 crore, officials said on Monday. Besides, no construction has taken place on both plots so far, forcing the Greater Noida Industrial Development Authority (GNIDA) to take this action, according to an official statement.
One of the entities was allotted the land in 1999 while the other in 2014, the GNIDA said, adding that it will take possession of the properties back and allot them afresh. The action has come following instructions of GNIDA Chief Executive Officer Ritu Maheshwari to cancel the allotment of allottees who have not paid the dues for a long time and have not completed the project, said the statement.
GNIDA's additional CEO Aditi Singh said Priyadarshini College of Computer Science was allotted 28,750 square metres of land in 1999 in plot number-6A, Sector Knowledge Park I. The institution had to deposit about Rs 25.73 crore as premium amount and lease rent in lieu of this plot. The organization has so far deposited only about Rs 2.25 crore, Singh said.