NOIDA: The Noida Authority has cancelled lease deeds of about 30 IT/ITES plots where no construction work was carried out in the past 10 years.
According to Noida officials, completion and functional certificates were not obtained by 107 IT/ITES firms that were allotted plots after December 2022. In a recent survey, 78 of them were found to be in different stages of construction, while no construction was carried out on 29 plots.
As per the rule, allotees of IT/ITES plots are given eight years to complete construction and obtain functional certificates. In June 2022, the state government issued an order stating that projects whose deadline lapsed by July 2020 or those who did not obtain the functional certificate by that stipulated time would get till December 2022 to do so. After December 2022, 107 companies were yet to obtain completion and functional certificates.
To promote industrial investment and employment generation, UP government last month issued an order further extending the time to complete the construction of such projects by December 31, 2024.
Subsequently, the Noida board decided to inspect the plots that are still incomplete and the ones against whom cancellation orders were issued for their failure to complete construction and obtain a functional certificate by December 2022. Officials said the inspection aimed to assess the status of construction and grant extensions until December 2024, if the projects were in the advanced stage of construction.
On January 8, UP industrial development commissioner and Noida and Greater Noida Authority chairman Manoj Kumar Singh directed the authorities to cancel allotments of IT, industrial, and institutional allottees who were sitting on vacant plots for a long time. The cancelled plots are to be made available to new companies under upcoming schemes.
Meanwhile, the Greater Noida Authority has started an investigation of allottees in the institutional department following complaints that some allottees may have obtained completion certificates against the rules. The allotment of such allottees may be cancelled.
Published On Jan 16, 2024 at 09:15 AM IST
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