GDA revokes Suncity's NH-9 Project Plan
ROADS & HIGHWAYS

GDA revokes Suncity's NH-9 Project Plan

The GDA board has revoked Suncity Hi-tech Infrastructure's plan for an 828-acre residential project off NH-9, citing violations of Memorandum of Understanding (MoU) terms and outstanding dues. This decision has left numerous homebuyers uncertain about their investments.

Initially proposed in 2005 under the state government's hi-tech township policy, the residential project was meant to cover 4,312 acres. However, prolonged farmer protests for additional compensation hindered land acquisition, and the developer could only secure 828 acres over 18 years.

Recently, the GDA board cancelled the Detailed Project Report (DPR) for the 828 acres due to the developer's failure to pay nearly Rs 1.72 billion in land use conversion charges, as highlighted in a previous CAG audit. Additionally, the board discovered that 45% of the 828 acres were government-owned land, violating the agreement that only 25% of such land could be incorporated. Suncity has been instructed to present its case to the state government to determine the project's future.

GDA Vice Chairperson RK Singh explained, "Under the hi-tech township policy of 2005, Suncity was expected to acquire/purchase 4,312 acres, but it fell short, prompting a committee under the chief secretary to reduce the land parcel to 828 acres and request a revised DPR from the developer."

He further noted, "According to a new MoU, the developer was required to acquire 75% of the land and reach the 828-acre mark by assimilating Gram Sabha or Bhumi Prabandhak Samiti (land management committee) land through resumption, with the GDA facilitating the process. However, the revised DPR revealed that the developer had acquired only 55% of the land, with the remaining 45% being government-owned land. This discrepancy led to the rejection of the DPR."

The developer had also acquired land from 22 villages where the land use was agricultural, and the government had waived the land conversion charge, which was another point of contention. The 2019 CAG audit highlighted a loss of Rs 1.72 billion in land use conversion charges, prompting the state government to seek reimbursement from Suncity, which remains unpaid.

Vinay Choudhary, a representative from Suncity, expressed concerns, stating, "The project has already commenced, with bookings for flats, villas, and plots initiated after the GDA approved the layout plan for 717 acres. The cancellation of the revised DPR is unfavourable news for both homebuyers and us."

The GDA board has revoked Suncity Hi-tech Infrastructure's plan for an 828-acre residential project off NH-9, citing violations of Memorandum of Understanding (MoU) terms and outstanding dues. This decision has left numerous homebuyers uncertain about their investments. Initially proposed in 2005 under the state government's hi-tech township policy, the residential project was meant to cover 4,312 acres. However, prolonged farmer protests for additional compensation hindered land acquisition, and the developer could only secure 828 acres over 18 years. Recently, the GDA board cancelled the Detailed Project Report (DPR) for the 828 acres due to the developer's failure to pay nearly Rs 1.72 billion in land use conversion charges, as highlighted in a previous CAG audit. Additionally, the board discovered that 45% of the 828 acres were government-owned land, violating the agreement that only 25% of such land could be incorporated. Suncity has been instructed to present its case to the state government to determine the project's future. GDA Vice Chairperson RK Singh explained, Under the hi-tech township policy of 2005, Suncity was expected to acquire/purchase 4,312 acres, but it fell short, prompting a committee under the chief secretary to reduce the land parcel to 828 acres and request a revised DPR from the developer. He further noted, According to a new MoU, the developer was required to acquire 75% of the land and reach the 828-acre mark by assimilating Gram Sabha or Bhumi Prabandhak Samiti (land management committee) land through resumption, with the GDA facilitating the process. However, the revised DPR revealed that the developer had acquired only 55% of the land, with the remaining 45% being government-owned land. This discrepancy led to the rejection of the DPR. The developer had also acquired land from 22 villages where the land use was agricultural, and the government had waived the land conversion charge, which was another point of contention. The 2019 CAG audit highlighted a loss of Rs 1.72 billion in land use conversion charges, prompting the state government to seek reimbursement from Suncity, which remains unpaid. Vinay Choudhary, a representative from Suncity, expressed concerns, stating, The project has already commenced, with bookings for flats, villas, and plots initiated after the GDA approved the layout plan for 717 acres. The cancellation of the revised DPR is unfavourable news for both homebuyers and us.

Next Story
Real Estate

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

Next Story
Equipment

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Next Story
Real Estate

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement