Yamuna Expressway authority cancelled plot allotment
A case has been filed by two real estate builders in the Allahabad High Court, complaining against the Yamuna expressway authority.
In the case file the builders mentioned that the YEA arbitrarily canceled the plots which had been allotted to them earlier vied a scheme.
According to the YEA officials, the allotment was canceled as the builders have failed to register the plots and also they have not paid the allotment amount within the specified time limit.
More than 100 acres of plots were allotted to the builders in 2010-11 by a scheme.
The Yamuna Expressway authority planned to re sold the plots through a new scheme.
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Source : Times of India
[...] NCR : The land transfer policy of Yamuna Expressway Industrial Development Authority (YEIDA) has been changed. Now the allottees are required to enter to “ agreement to lease” with the [...]
@Biswanath: till now there is no plans as such.. Two builders have cased a file in the Allahabad High Court against YEA.. It is told that some of the developers had not registered their plots earlier, which made YEA to take back the plots..
Any idea when will Yamuna Expressway authority allot the plots back??