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Naredco urges UP govt to bring scheme for builders to clear land dues of authorities

(This story has not been edited by THE WEEK and is auto-generated from a PTI

New delhiIndia generalNaredco uttar pradeshManoj kumar singhGautam budh nagarSupreme courtAffairs moYamuna expressway industrial development authoritiesHigh courtMinistry of housingNational real estate development councilInfrastructure industrial developmentIndustrial development departmentUttar pradesh chapterGreater noidaIndustrial development commissioner

UP developers body demands OTS scheme akin to Haryana s Samadhan Se Vikas , or Centre s Vivad Se Viswas

Builders are estimated to owe Rs 40,000 crore to Noida, Greater Noida and YEIDA, by way of premium, interest and penal interest on land allotted to them on which real estate projects are in different stages of execution.

Uttar pradeshIndia generalManoj kumar singhNirmala sitharamanGautam budh nagarSupreme courtHigh courtIndustrial developmentNational capital regionNational company law tribunalYamuna expressway industrial development authorityNational real estate development councilIndustrial development departmentGreater noidaVivad se viswaYamuna expressway

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