NOIDA: Noida Authority has sealed two unsold flats and a commercial shop at Meghdutam housing project in Sector 50 over Rs 55 crore dues.
It has also approached the district magistrate to recover the pending amount as land revenue. Earlier, it issued multiple cancellation notices to the company on May 7, July 8, and Aug 14 last year.
The project, developed by TGB Infrastructure, is under scrutiny for non-payment of land dues.
On May 28, a liability notice was placed at the main gate of the society, followed by a final notice on Oct 8, warning of referral to the Economic Offences Wing (EOW).
Meghdutam, spread over 12,750 sqm with 173 units, was allotted to TGB Infrastructure in 2008. The developer’s outstanding dues were revised to Rs 44 crore after a two-year zero-period waiver under the state govt’s rehabilitation package. However, the developer was required to pay 25% of the revised dues (Rs 11 crore) as an advance to qualify for property registrations—a condition yet to be fulfilled.
The sealing order comes weeks after the Allahabad High Court directed the Authority to facilitate property registrations for the project’s homebuyers. On Jan 15, a division bench of Justices Manoj Kumar Gupta and Anish Kumar Gupta ruled in favour of 19 residents who filed a petition, seeking ownership documents despite making full payments.
The court criticised the Authority for its ineffective recovery measures against TGB Infra. It also noted that Anil Kumar Saha, one of the directors of TGB Infrastructure, was associated with 39 other active real estate firms, providing multiple avenues for dues recovery. Saha is currently in jail.
Issuing an interim order, the court stated, “We issue an interim mandamus directing the Noida Authority to execute tripartite sub-leases in favour of the petitioners, who have admittedly paid the entire amount and are occupying their flats based on the Authority-granted occupancy certificate.”
The Authority was instructed to continue its efforts to recover dues from the developer.
The next hearing is scheduled for Feb 10.
