Owners of plots are requesting a timeline from YEIDA for handover
25 Nov 2021
2 Min Read
CW Team
After receiving letters from YEIDA demanding payment of a pending amount, the Yamuna Expressway Entrepreneurs Association has requested a timeline for physical possession of industrial plots.
Association president Tejveer Rana said that the majority of allottees have paid 60 to 70% of their dues, while some have paid the entire amount, and were promised plot delivery within three years, but it has now been more than six years. They are willing to pay the full amount but have requested that YEIDA provide a timeline for possession. The authority hasn't given us a deadline for receiving the plots that have been developed.
Industrial plot schemes were launched by YEIDA in 2013 and 2014, but the draw was postponed for the next two years. Around 800 industrial allottees who were awarded plots in sectors 32 and 33 received letters in August 2015. On October 27, the authority announced a one-time settlement scheme, and officials began contacting allottees to collect their final dues.
Arun Vir Singh, the Authority's CEO, said that possession has already been offered.
Singh said that in some areas, development work is underway.
They will be ready in a few months as well. Allottees, on the other hand, must pay on time.
The allottees who were awarded plots in the two sectors must pay YEIDA about Rs 208 crore. The association filed a petition in the Allahabad high court in November 2019 challenging the authority's demand for additional compensation payments for farmers. Even though the plots were initially offered at Rs 5,500 per sq m, YEIDA later demanded an additional Rs 600.
After receiving letters from YEIDA demanding payment of a pending amount, the Yamuna Expressway Entrepreneurs Association has requested a timeline for physical possession of industrial plots.
Association president Tejveer Rana said that the majority of allottees have paid 60 to 70% of their dues, while some have paid the entire amount, and were promised plot delivery within three years, but it has now been more than six years. They are willing to pay the full amount but have requested that YEIDA provide a timeline for possession. The authority hasn't given us a deadline for receiving the plots that have been developed.
Industrial plot schemes were launched by YEIDA in 2013 and 2014, but the draw was postponed for the next two years. Around 800 industrial allottees who were awarded plots in sectors 32 and 33 received letters in August 2015. On October 27, the authority announced a one-time settlement scheme, and officials began contacting allottees to collect their final dues.
Arun Vir Singh, the Authority's CEO, said that possession has already been offered.
Singh said that in some areas, development work is underway.
They will be ready in a few months as well. Allottees, on the other hand, must pay on time.
The allottees who were awarded plots in the two sectors must pay YEIDA about Rs 208 crore. The association filed a petition in the Allahabad high court in November 2019 challenging the authority's demand for additional compensation payments for farmers. Even though the plots were initially offered at Rs 5,500 per sq m, YEIDA later demanded an additional Rs 600.
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