NEW DELHI: In a major blow to Jaypee Infratech, the Yamuna Expressway Industrial Development Authority (YEIDA) has cancelled five housing projects of the developer in Sports City East on allegedly selling the projects without getting building plans approved, according to a Hindustan Times report.
The cancellation of the proposed projects in sector 22B spread over a 70-acre land, is set to affect around 300 home buyers.
"Selling flats without getting maps approved amounts to cheating so we cancelled the projects,” said Arun Vir Singh, chief executive officer of YEIDA was quoted as saying in the report.
A cheating case has also recently been registered in Dankaur police station against the firm's managing director, Manoj Gaur, joint managing director Sameer Gaur, senior chief manager Rajiv Talwar and chief manager Manoj based for a delay in handing over flats in 'Sports City' project.
Source-Et Realty
The cancellation of the proposed projects in sector 22B spread over a 70-acre land, is set to affect around 300 home buyers.
"Selling flats without getting maps approved amounts to cheating so we cancelled the projects,” said Arun Vir Singh, chief executive officer of YEIDA was quoted as saying in the report.
A cheating case has also recently been registered in Dankaur police station against the firm's managing director, Manoj Gaur, joint managing director Sameer Gaur, senior chief manager Rajiv Talwar and chief manager Manoj based for a delay in handing over flats in 'Sports City' project.
Source-Et Realty
No comments:
Post a Comment