Amrapali, Unitech, ATS among biggest land defaulters in Greater Noida

By | October 7, 2016

Almost all real estate companies operating in Greater Noida have defaulted Rs 3,520 crore in dues against land allotted to them in 95 projects. Among the top 5 defaulters are Amrapali, Unitech and ATS.

The Greater Noida Industrial Development Authority has put up a list of all defaulters on its website, www.greaternoida.com. Department heads have been directed to issue notices to all defaulters to pay up or face action.

Land rate defaulters have been given an opportunity to pay only 25% of their dues by September 30 but the 1,376 defaulters in the residential scheme of GNIDA, who owe it a total of Rs 369 crore, cannot avail of this scheme and will be issued notices.

Source: Economictimes