greater noida development authority due Rs 12.54Cr not paid by Mahaluxmi Infrahome Pvt Ltd

Q: None of the bank is providing new home loan for this project as the builder has not cleared dues of 12.54Cr of Greater Noida Industrial Development Authority(GNIDA) and list of defaultor builders posted dated 12-feb-2018 on GNIDA website. Attached copy of the same. See page no. 7 Sr. No. 88. Only NBFCs like Indiabulls, DHFL, IIFL are funding to this project as they donot have boundations to follow RBI rules. This was found by one of the bank during due diligence check of this project. If you want to verify this info then you can get it check from any of the bank. Since they have taken this land on lease from GNIDA with construction linked plan so if pay Rs 1.88 Cr then their payment schedule will get revised. Then only any of the bank will consider new home loan application. The major effect of this issue is on getting the completion certificate of this project from GNIDA which they will not issue untill dues are cleared as per payment schedule. If the builder provides possession without clearing dues then also GNIDA will not do registry of this property. This is the current status and update as on 07-Oct-2018.
IF ANYONE HAS ALREADY BOOKED THE FLAT OR GOT ALLOTMENT THEN PLEASE SHARE THIS INFO TO ALL TO CREATE ALERTNESS NOT TO RELEASE THE REMAINING PAYMENT TO BUILDER UNTILL ALL DUES ARE CLEARED FROM HIS SIDE. ALSO WE SHOULD CREATE A WHATSAPP GROUP OF ALL ALLOTEES & THOSE WHO HAVE ALREADY BOOKED THE UNIT IN THIS PROPERTY SO THAT WE COULD GET LATEST UPDATES ON THIS PROPERTY BY SHARING INFO TO EACH OTHER.
THANKS