+
 Owners of plots are requesting a timeline from YEIDA for handover
Real Estate

Owners of plots are requesting a timeline from YEIDA for handover

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.

Image Source

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. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Transport

MMRDA Targets Completion of Projects by December 2028

The Mumbai Metropolitan Region Development Authority (MMRDA) is targeting the completion of all its ongoing infrastructure projects by December 2028, a year ahead of its December 2029 deadline, Metropolitan Commissioner Dr Sanjay Mukherjee has said.Speaking at the sixth edition of the Real Estate & Infrastructure Investors' Summit (REIIS) 2026 in Mumbai, Mukherjee said the authority was developing an integrated network of roads, tunnels, sea links and Metro corridors under its broader vision of “Mumbai in 59 Minutes”.The objective is to improve east-west and north-south connectivity an..

Next Story
Building Material

High-Performance Façades Gain Ground in Indian Buildings

High-performance façades are gaining greater importance in Indian architecture as developers and architects increasingly focus on energy efficiency, thermal comfort and building performance, according to Shankar Fenestrations & Glasses.The company said modern façade systems are increasingly being considered as part of a building's overall performance strategy rather than being used primarily as aesthetic elements.High-performance glass, curtain wall systems and structural glazing can contribute to thermal regulation, solar control, daylight management and indoor comfort. Their growing ad..

Next Story
Technology

SPML Infra's 104.4 kWh BESS Battery Pack Clears Global Tests

SPML Infra has announced that its proprietary 104.4 kWh Battery Energy Storage System (BESS) battery pack has completed key international safety, performance and transportation testing and certification requirements, marking a step towards its commercial deployment.Developed under the company's own intellectual property, the battery pack has completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2, IEC 61000-6-4 and UN38.3 standards.The testing covers areas including thermal runaway safety, battery performance, system functional safety, electromagnetic compatibility..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code