The company currently has a portfolio of 3 GW of grid-connected wind, solar and rooftop solar power generating assets operating in India and Europe, and another 2 GW of projects are in the pipeline across India, Vietnam, Bangladesh, and the UK.
The government also asked authorities to conduct a survey of such land parcels in their jurisdiction to ascertain the number of plots those were allotted to developers but are yet to be utilized and has been lying vacant for long.
The move follows the Uttar Pradesh government’s decision to do away with e-auctions and allot plots on the basis of interviews and other parameters such as company profile, turnover, work experience, etc.
The decision will impact around 190 group housing projects across Noida and Greater Noida where developers are yet to clear dues amounting to around Rs 32,000 crore while over one lakh flats are yet to be delivered to buyers, according to official estimates.