YEIDA Cancels Land Allocations to Sunworld Infrastructure and Supertech TownshipYEIDA Cancels Land Allocations to Sunworld Infrastructure and Supertech Township The Yamuna Expressway Industrial Development Authority (YEIDA) has revoked the allotment of land to Sunworld Infrastructure and Supertech Township near the Noida International Airport due to substantial unpaid dues. This decision impacts approximately 100 hectares of land in Sector 22D along the Yamuna Expressway. YEIDA disclosed that Sunworld Infrastructure had outstanding arrears of Rs 164.86 crore, while Supertech Township owed Rs 137.28 crore. Additionally, ATS Realty and Greenbay Infrastructure have been given deadlines to settle their dues: ATS Realty by August 31st and Greenbay Infrastructure by July 31st. These payments are expected to cover 25% of their total outstanding amounts. The decision was made during YEIDA’s 81st board meeting, led by Chairman Anil Kumar Sagar. CEO Arun Vir Singh emphasized that other developers have fulfilled their payment obligations within the given timeframes. Some developers have made partial payments, such as Greenbay Infrastructure and ATS Realty, and have received deferrals to meet their remaining commitments. YEIDA also acknowledged that some developers are facing insolvency or legal proceedings.
The Yamuna Expressway Industrial Development Authority (YEIDA) has announced the cancellation of land allocation to Sunworld Infrastructure and Supertech Township near Noida International Airport due to significant outstanding amounts. This decision affects about 100 hectares of land in Sector 22D along the Yamuna Expressway.
YEIDA revealed that Sunworld Infrastructure had arrears of Rs 164.86 crore, while Supertech Township owed Rs 137.28 crore. In addition to these cancellations, the authority has given ATS Realty until August 31 and Greenbay Infrastructure until July 31 to pay their dues, which constitute 25 percent of their total outstanding amounts.
The decision was finalized at the 81st board meeting of YEIDA, chaired by Chairman Anil Kumar Sagar. YEIDA CEO Arun Vir Singh highlighted that other developers have met their payment deadlines, with specific developers such as Greenbay Infrastructure and ATS Realty demonstrating partial payments and receiving deferrals to meet remaining obligations. The authority also mentioned that some developers are mired in insolvency or legal proceedings.
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