India, Jan. 9 -- The Noida authority has decided to cancel allotment of nine industrial plots in which the owners didn't build a unit within the stipulated time.

The Authority in a survey on January 6 found these plots, were lying vacant against the norms.

As per the rules, the owner has to build the structure and make the industrial unit functional within seven years.

"The process to cancel these nine plots has been initiated after the survey established the owners of these plots violated norms mentioned in the lease-deed. Earlier, the Authority had issued notices and also warned them of action if these plot owners do not comply with the rules," said Lokesh M, chief executive officer (Noida authority) told HT.

The Authority said that...