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Yamuna Expressway Authority: Ban on lease deeds of allottees of 15 builders, know the whole matter

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Greater Noida: After the Supreme Court order to give 64.7 percent additional compensation to the farmers of Yamuna Expressway Authority, Yamuna Authority has started collecting extra from the allottees. The Yamuna Expressway Industrial Development Authority has put on hold the lease deeds and registry of allottees of 15 builders and 13 big allottees from whom Rs 2200 crore is to be recovered. The Yamuna Authority has taken this action before sending notices to these builders for recovery of additional compensation. More than six thousand allottees have been affected by this decision of YIDA.

After the decision given by the court last month, Yamuna Authority has taken this step in preparing to give additional compensation of 64.7 percent to 7 thousand farmers of the area within three months by recovering it from the defaulting allottees. On the instructions of State Industrial Development Minister Nand Gopal Gupta Nandi, Yamuna Authority has set a target of distributing additional compensation to the farmers in the next three months. The authority has prepared a list of allottees from whom additional compensation money is to be taken. The maximum amount is to be recovered from the builders. More than Rs 1600 crore is to be recovered from 15 builders. Apart from this, recovery is also to be made from 13 big allottees of the institutional. More than Rs 600 crore has to be recovered from them too. These allottees include Shakuntala Welfare Society, GL Bajaj etc. These farmers also have to give additional compensation money to Jaypee Infra. This money is different from 2200 crores.

The property department has been ordered to stop the lease deed and registry of the properties of the allottees from whom additional recovery of dues is to be made under the order of the Supreme Court. Advance action for recovery from defaulters will be initiated soon.

Arunveer Singh, Chief Executive Officer, Yamuna Authority

The Yamuna Authority had already started taking additional compensation money from the residential allottees. After the order of the High Court, the additional compensation to the farmers was stopped. Now farmers will start getting this money. It is around Rs 550 crore.

Ban on lease deed of allottees of these builders
Name of the builder ———- Outstanding (Rs. in crore)

Oris Developers Pvt. Ltd. – 174.45

Sunworld Infrastructure Limited – 159.63

ATS Realty Pvt. Ltd.- 155.38

Supertech Township Project Ltd.-157.42

SDS Infratech Pvt. Limited- 212.63

Greenbray Infra Private Limited- 126.90

HC Infracity Pvt. Limited- 138.06

Supertech Limited——– 164.08

Logix Buildstate Pvt. Limited- 78.08

Silverline Furnishings & Furnitures Pvt. Ltd.- 63.45

SDS Housing Private Limited- 49

Omnis Developers Pvt. Limited- 21.99

IITL Nimbus The Palam Village – 39.09

Osis Realtek Private Limited – 11.91

Ajay Realcon Private Limited- 6.54

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