NOIDA: Noida Authority has urged UP govt to reassess its rulings on revision petitions filed by allottees from industrial, commercial and institutional sectors. The request comes against the backdrop of around 20 adverse govt orders that caused financial losses for the Authority.
Recently, UP govt’s decision to grant financial relief to ET Infra Developers Pvt Ltd, the builders of the World Trade Tower in Sector 16, led to a Rs 63 crore loss. The relief was granted to compensate for delays caused by a National Green Tribunal (NGT) ban on constructions within 10km of Okhla Bird Sanctuary between 2013 and 2015.
The Authority has written to the govt requesting it to reconsider the decision to grant financial relief to the developer as the developer had completed the towers before the NGT orders were imposed but failed to secure an occupancy certificate because of a lack of documents. This, the Authority argued, made the company ineligible for the waiver as the NGT ban had no effect on the project.
In some cases, where the Authority extended the construction period for industrial plots from 2022 to 2024 upon payment of fees, the govt recently overturned the decision exacerbating the losses. Officials said the Authority has already suffered Rs 19 crore revenue loss in the institutional sector alone, as IT plot allottees received relief from UP govt during the recovery process.
Noida Authority CEO Lokesh M said in several instances, where courts denied relief, allottees succeeded in obtaining favourable rulings by filing revision petitions against the Authority’s decisions.
“Allottees have filed revision petitions challenging decisions passed by the Authority under Section 41(3) of the Uttar Pradesh Urban Planning and Development Act, 1973, along with Section 12 of the Uttar Pradesh Industrial Area Development Act, 1976. After reviewing govt orders in cases related to group housing, commercial, industrial, and institutional properties, we have decided to request the govt to reconsider these cases, keeping the Authority’s financial interests in mind,” the CEO said.
To discourage allottees from approaching the govt to secure relief, the Authority has also written to UP govt, seeking its intervention.
