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representative image Noida, Noida Authority Strict action has been taken against Skytech Construction Pvt Ltd for defaulting in payment of dues of its group housing project. Skytec MetrotLocated in Sector 76. Despite repeated notices, the builder failed to clear dues of over Rs 30 crore.
As a result, the authority sealed 27 unsold flat In the project on the instructions of its Chief Executive Officer Lokesh MEarlier, in September, the authority had sealed five flats in the same project over non-compliance.
Developers will be able to avail the rehabilitation policy of the state government for stalled projects and pay 25% of the total revised dues after deducting interest and penal interest for the two-year COVID-19 relief period between April 2020 and March 2022. have failed.
On 3 March 2010, a group housing plot of 20,900 square meters was allotted to Skytech, the lease deed of which was executed on 30 July the same year. The developer had launched the Skytech Metro project, comprising over 700 apartments, but failed to clear the dues against the plot.
Under the state’s rehabilitation policy released in December 2023, developers were given the option to repay their dues. Skytech initially deposited Rs 1 crore but failed to pay the remaining amount despite multiple notices being issued on May 27, July 8 and August 14 this year.
Out of 716 units sanctioned, 474 units were registered in Metrot. This month, the authority also canceled the allotment of a 14,000 square meter plot to Logix Group subsidiary Dosil Buildtech Pvt Ltd in Sector 143 over non-payment of dues of Rs 130 crore.
The land was allotted six years ago, and no construction activity has started on the plot yet.
Earlier this year, the authority had sealed 26 unsold flats of Antriksh Golf View in Sector 78 for similar reasons and had taken action against Omaxe Buildhome Pvt Ltd in Sector 93B, which had defaulted on dues of Rs 457.8 crore. But the 9,000 square meter plot was sealed.
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