[INDIA REAL ESTATE NEWS] Good morning, everyone.|
I’m Shashi kant shukla staff of Kamagroup Pvt. Ltd. Here I have important
INDIA REAL ESTATE news to share with you which is as mentioned under.
NOIDA : The Noida Authority has issued a recovery certificate of Rs 293 crore against
real estate group Supertech over non-payment of dues, officials said.
The action has been taken in connection with pending dues of Supertech for a group
housing project, Supertech Cape Town in Sector 74, a New Okhla Industrial Development
Authority (NOIDA) official said.
Supertech, however, said it would appeal against the RC order.
"The RC was issued on Tuesday and includes a principal amount of Rs 253 crore and
Rs 40 crore interest," the official said.
The real estate group claimed that they had stopped work on the project for two years
in compliance with the guidelines of the National Green Tribunal (NGT) and was assured
by the Authority and the government that the interest amount for that period would be waived.
"For the last three years, we have been appealing to the government and the Noida
Authority for the promised waiver but we have only got assurances. We will appeal
against this RC order now," Supertech Chairman R K Arora said.
Read more at : https://economictimes.indiatimes.com/wealth/real-estate/noida-authority-issues-rc-to-supertech-over-non-payment-of-dues/articleshow/71722041.cms
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