Uttar Pradesh: Land allotment to 2 educational institutes cancelled in Greater Noida over non-payment of dues
Payment dues of worth Rs 50 crore pending. No construction started despite one entity allotted land in 1999 while the other in 2014.
Press Trust of India | November 28, 2022 | 09:03 PM IST
NEW DELHI: The land allotment to two educational institutes in Greater Noida has been cancelled due to non-payment of dues of over Rs 50 crore, officials said on Monday.
Besides, no construction has taken place on both plots so far, forcing the Greater Noida Industrial Development Authority (GNIDA) to take this action, according to an official statement. One of the entities was allotted the land in 1999 while the other in 2014, the GNIDA said, adding that it will take the possession of the properties back and allot them afresh.
Also Read | UP government schools for underprivileged to get TCS training in computation, logical thinking
“The action has come following instructions of GNIDA Chief Executive Officer Ritu Maheshwari to cancel the allotment of allottees who have not paid the dues for a long time and have not completed the project,” said the statement. GNIDA's additional CEO Aditi Singh said Priyadarshini College of Computer Science was allotted 28,750 square metres of land in 1999 in plot number-6A, Sector Knowledge Park I.
“The institution had to deposit about Rs 25.73 crore as premium amount and lease rent in lieu of this plot. The organization has so far deposited only about Rs 2.25 crore,” Singh said. Several defaulter notices and cancellation notices were issued to the allottee between 2013 and 2020 but dues remained unpaid, she added.
The GNIDA has also cancelled the allotment of 20,000 square metres of land to Soho Food and Beverages (Soho Mascot Foundation) which was made in 2014 in Plot No. 07, Sector Techzone-7, to build the Greater Noida Educational Institute, Singh said. “About Rs 20.08 crore premium and Rs 4.83 crore lease rent were due on this institution. Nine instalments were due.
During this, defaulter notice and then cancellation notice were issued to the institution several times, but no response was given. As a result, its allotment has been cancelled,” the additional CEO said. Maheshwari has also warned action against allottees in case of non-payment of dues or non-completion of project on allotment of land, according to the statement.
Follow us for the latest education news on colleges and universities, admission, courses, exams, research, education policies, study abroad and more..
To get in touch, write to us at news@careers360.com.
Next Story
]Featured News
]- For IIM Ranchi, commitment to tribal issues is a ‘social responsibility’
- How online MBA courses at top management schools are enabling career transitions
- Happy Children’s Day 2024! Take this quiz to test how much you know of child rights and education in India
- MBA Pharmacy: How AI, data science and technology are reshaping the industry, boosting career options
- What happened to the NExT exam? Only 31% medical students know exam pattern, says study
- 100 MBBS students’ fate uncertain as HC reverses ruling on extra seats at Rajasthan private medical college
- ‘GMAT completely different from CAT; AICTE ratification making exam more popular now’: GMAC chief
- Low fee, no CAT, flexible learning: Why DU’s distance MBA is popular
- MBA Jobs: Consulting jobs rise in top B-school placements amid declining salaries, slowdown
- IIT fee revision might be on the cards; education ministry panel to examine institute finances