Noida Authority to send letters to defaulters .

Q: According to Noida Authority , several developers and development authority of UP have become defaulters owing 20,000Cr in dues to authority.

Prasad, Noida

29th June 2015

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Replies (2)

Hey Guys,
Agra Development Authority had taken a loan of Rs 100 crore from Noida at an interest rate of 6%/annum, it has officially paid back Rs 75 crore. Yet, both the GNIDA and the UPSIDC have neglected to pay any installments, so they will be issued notification. YEIDA has been paying its interest on time, so no notification will be served to it.

Indu dixit, Noida

29th June 2015

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Hi Prasad,
As per news, a large amount of Rs 20,000 crore, the Noida Authority has chosen to get extreme with defaulters, who have neglected to pay back loans or submit installments against property designated to them. The Authority has arranged a list of defaulters and notification will soon be dispatched to them, in an offer to regain the long pending contribution.

Wahi, Noida

29th June 2015

Comment

Hey Prasad,
As indicated by authorities, huge defaulters in the list incorporate many development authorities and driving developers of Uttar Pradesh. Greater Noida Industrial Development Authority (GNIDA), Uttar Pradesh State Industrial Development Corporation (UPSIDC) as well as the Agra Development Authority , will need to pay back more than Rs 7,000 crore to Noida.

Aisha, Noida

29th June 2015