Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

Greater Noida Authority to Put up Arrear Figures on Hoardings Outside Housing Projects to Warn Buyers

Several of them have defaulted on the payment of the land cost, barring the 10% they are required to give as initial payment. So far, 203 builders reportedly owe the Greater Noida authority Rs 7,500 crore.

Updated:September 2, 2019, 9:19 AM IST
facebookTwitterskypewhatsapp
Greater Noida Authority to Put up Arrear Figures on Hoardings Outside Housing Projects to Warn Buyers
Representative image.
Loading...

New Delhi: The Greater Noida authority has decided to display the dues owed by builders at their housing project sites. According to a Hindustan Times report, the authority will mention details of pending dues on hoardings outside the project sites to help homebuyers make an informed choice.

Chief Executive Officer of Greater Noida authority was quoted as saying that the decision was taken so that homebuyers are aware of the project’s financial status. Additionally, it will also push the builders to repay the dues.

Several of them have defaulted on the payment of the land cost, barring the 10% they are required to give as initial payment. As per the report, 203 builders owe the Greater Noida authority Rs 7,500 crore.

The move just days after the Supreme Court pulled the authority over the delay in completion of as many as 42,000 flats by the embattled Amrapali group. The authority is now planning to cancel land allotments to builders who fail to pay pending dues.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results