Noida Authority Urges Uttar Pradesh Govt to Reconider Decision Granting Relief to Builder

                Noida: Noida Authority has urged UP govt to 
reassess its rulings on revision petitions filed 
by allottees from industrial, commercial and 
institutional sectors. The request comes 
against 
the backdrop of around 20 adverse govt orders 
that caused financial losses for the Authority.
Recently, UP govt's decision to grant financial 
relief to ET Infra Developers Pvt Ltd, the 
builders of the World Trade Tower in Sector 16, 
led to a Rs 63 crore loss.

The relief was granted to compensate for 
delays caused by a National Green Tribunal 
(NGT) ban on constructions within 10km of 
Okhla Bird Sanctuary between 2013 and 2015.
The Authority has written to the govt 
requesting it to reconsider the decision to 
grant financial relief to the developer as the 
developer had completed the towers before 
the NGT orders 
were imposed but failed to secure an 
occupancy certificate because of a lack of 
documents. This, the Authority argued, made 
the company ineligible for the waiver as the 
NGT ban 
had no effect on the project.
In some cases, where the Authority extended 
the construction period for industrial plots 
from 2022 to 2024 upon payment of fees, the 
govt recently overturned the decision 
exacerbating the losses. Officials said the 
Authority has already suffered Rs 19 crore 
revenue loss in the institutional sector alone, 
as IT plot allottees received relief from UP govt 
during the recovery process.
Noida Authority CEO Lokesh M said in several 
instances, where courts denied relief, allottees 
succeeded in obtaining favourable rulings by 
filing revision petitions against the 
Authority's decisions.
"Allottees have filed revision petitions 
challenging decisions passed by the Authority 
under Section 41(3) of the Uttar Pradesh Urban 
Planning and Development Act, 1973, along 
with 
Section 12 of the Uttar Pradesh Industrial Area 
Development Act, 1976. After reviewing govt 
orders in cases related to group housing, 
commercial, industrial, and institutional 
properties, we have decided to request the 
govt to reconsider these cases, keeping the 
Authority's financial interests in mind," the CEO 
said.
To discourage allottees from approaching the 
govt to secure relief, the Authority has also 
written to UP govt, seeking its intervention.


Source : Economic Times