Owners face plot allotment cancellation
GREATER NOIDA, June 26 -- The Yamuna Expressway Industrial Development Authority (Yeida) in an office order has warned owners of the industrial plots of cancelling their allotment if they do not make promised industrial units operational within stipulated time frame, officials said on Wednesday, adding that even in case they were found selling their industrial plots without the unit being operational, the allotment will be cancelled.
The move follows Yeida CEO Arun Vir Singh's last week site inspection in Sector 29 when he found 14 units being non-operational at the ground. "We've also written to the Gautam Budh Nagar DM Manish Kumar Verma seeking details of the agreement to sale, general power of attorney and other documents through which the industrial plots have been sold. Once we have the details of sale of our industrial plots, we will check if the unit remains non-operational in the survey report. If it is verified that the unit has been sold without even being operational, we will take action, including cancellation," said Yeida CEO on Wednesday.
As per the rules, when the authority allots a plot for industrial use, it gives a certain time of 2-3 years or more depending upon the category of the unit, failing which it has a mandate to either cancel the allotment or levy penalty, said officials.
If the plot owner does not set up a unit and run operations on time, it defeats the purpose of creating jobs and business opportunities. Also, there are cases where the owners build temporary tin sheds on the plot giving an impression that the unit has become operational, thereby misleading the authority, said officials. For this, Yeida has decided to start a site survey in all sectors including 28, 29, 30, 32 and 33 among others to check if the unit is operational or not.
Yeida allotted 1,233 industrial plots before 2013 and since 2013, 3,215 plots for industrial units of many categories including Medical Device Park, Apparel, IT and corporate office among others. But a large number of the units are non-functional, officials said....
To read the full article or to get the complete feed from this publication, please
Contact Us.