Pay up for lease deed registry in 15 days: Greater Noida development body

GREATER NOIDA: More than 3,350 allottees of flats or residential plots who are yet to get the lease deeds registered with the Greater Noida Authority, will get a last chance to claim their property.

Officials said that the plots would be taken back if the defaulters fail to comply with the ultimatum within a fortnight. The cash-strapped Authority has to recover Rs 347.50 crore from these defaulters.

Greater Noida’s additional CEO Deep Chandra said, “Fifteen days will be given to the 3,373 defaulters to make the final payment, else allotment will be cancelled and the amount paid to the Authority so far will be forfeited. The properties which get cancelled will be taken back in our control and will be floated in the forthcoming schemes.”

“Multiple notices have been issued to such allottees in the past but they are yet to execute lease deeds. In the majority of the cases, more than a dozen notices have been issued. This will be the last warning and allotment will be cancelled after this,” he added.

Authority officials have already discussed the matter with senior officials during the last board meeting and have been given the green signal to go ahead with the cancellation of the unregistered properties.

Some 221 residential plot owners given plots between 1992 and 2009 and 3,152 flat owners who bought units in housing schemes commissioned by the Authority between 2002 and 2014 are under the lens. Rs 316 crore has to be taken from the flat owners, while Rs 31.50 crore is due on the plot owners. While flat owners have to pay an average of Rs 10 lakh to GNIDA, plot owners have to cough up Rs 14.25 lakh each.

For those who would pay up the dues, GNIDA has agreed to offer a rebate of 40% on the lease deed penalty amount under the one-time settlement scheme.

President of the federation of the RWAs in Greater Noida, Devendra Tiger said, “If buyers are keen on taking the land, they can settle the dues.”