The attitude of the builders of the concessions has now become strict against the builders. Yamuna Authority filed FIR against two builders who looted crores of rupees of investors after this Noida and Greater Noida authorities have also increased pressure on the action against builders. Both the authorities have also audited the builder projects. There has been a lot of disturbances in this. First time the action has been taken against a builder in all the three authorities. BSP and SP governance have been like Golden Age for builders. Authorities completely opened their lap to benefit builders. The concessions were distributed to the builders from the allocation of land to in price payments. Land allotment on prime location, leasing all and giving land with just ten percent of the amount. The builders authorities also dominate the officer in getting permission for the project.In the last decade, millions of investors booked the flat in hundreds of builder projects in Noida, Greater Noida and Yamuna Authority. Builders recovered crores of rupees from investors, but instead of putting the money in builders, they invested in picnics and elsewhere.
Due to the lack of money the construction of the project has not been completed. Investors are wandering from years for occupy flat. After the formation of the BJP government in the state, the wind has become against the builders. Seeing the investors ‘resentment and pressure, the government increased the pressure on authorities to adopt a tough stance against the authorities, then the authorities audited the builders’ projects. The mistakes of builders came out in this. Yamuna Authority, builders in the Greater Noida Authority area, pressing the crores of the authorities, along with the amount of investor money. After filing a case against SDS and Green Way Builder by Dr. Prabhat Kumar, Commissioner of Yamuna Authority and Dr. Arunvir Singh, Commissioner of Meerut Division, Greater Noida and Noida Authority have also increased the pressure to take strict action against builders. .
Authority will withdraw land in proportion of amount from builders: SDS and Green Way Builders have manipulated the amount of investors,In its proportion, the Yamuna Authority will cancel the lease deed and return the land. The land will be allocated again and the money will be raised. The project will be completed with the received amount. So that investors can get the flat and the plot occupied.
The report has been filed against the builder of SDS Infracons Pvt. Ltd. and Green Way Infrastructure Pvt. Ltd. Both builders have invested the money in another place taken from the investors. The construction of the project was not completed. Dr. Arunvir Singh, CEO Yamuna Authority
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