Latest news with #AnujNehra
Time of India
15-05-2025
- Business
- Time of India
Noida: Recovery notices ignored, offices of 12 builders sealed over ₹175 crore dues
NOIDA : Over the last 12 days, the district administration has sealed the offices of 12 developers in Dadri for failing to clear more than Rs 175 crore in dues to the real estate regulator. Antariksh Engineers , Elegant Infracon , Ansal Hitech , Rudra Buildwell and Uttam Steels , among others, were issued multiple recovery notices but had not responded, officials said. Recovery certificates (RC) are issued by UP-Rera if a developer fails to comply with an order passed by the regulatory authority — usually to refund buyers, pay penalties, or fulfil obligations like handing over possession. Once an RC is issued, it enables the district administration to recover the amount as arrears of land revenue, much like a tax recovery process. SDM (Dadri) Anuj Nehra, who is currently supervising the enforcement action, said offices of Antariksh Engineers and Elegant Infracon, were sealed on Tuesday for dues amounting to around Rs 4 crore and Rs 15 crore, respectively. Uttam Steels and Associates is among the top defaulters with dues amounting to Rs 57 crore. Other builders facing action include Ansal Hitech Township, which defaulted on Rs 26 crore, Rudra Buildwell Project, which owes Rs 32 crore, Rudra Buildwell Homes with Rs 38-crore dues and DSD Homes around Rs 3 crore. Shubh Advisors, another defaulter, owes Rs 1 crore, Hebe Infrastructure Rs 57 lakh, Dhanya Promoters Rs 25 lakh, Aastha Infracity Rs 3.6 lakh and Ansal Landmark Township with Rs 1.7 lakh dues. The administration has warned of more such sealing drives if the dues are not cleared immediately. Dadri tehsil, officials said, alone has more than 100 such projects where builders owe over Rs 500 crore cumulatively. Data shared by UP-Rera shows that over 2,700 RCs are currently pending, and recovery efforts have so far yielded limited results. A major hurdle in the recovery process has been the lack of cooperation from builders whose offices are based in Delhi. UP RERA issued over 330 RCs related to such projects, but the recovery rate in Delhi has been abysmally low. Officials have blamed jurisdictional complications and poor coordination between the state authorities for the delay.
Hindustan Times
15-05-2025
- Business
- Hindustan Times
GB Nagar : 12 defaulting realtor offices sealed over ₹175 cr dues
Noida Acting against defaulting builders who have failed to clear their outstanding dues to the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA), the Gautam Budh Nagar district administration in the last two weeks has sealed offices of 12 builders who collectively owed more than ₹175 crore. The crackdown aims to enforce compliance and recover the dues, pending for a long time despite repeated reminders, officials said. On Tuesday, offices of two major builders -- Antariksh Engineers and Elegant Infracon, located in Greater Noida West -- were sealed for non-payment of dues. Antariksh Engineers owes ₹4.24 crore while Elegant Infracon has unpaid dues amounting to ₹15.01 crore. Sealing of their offices is part of a broader campaign led by sub divisional magistrate (Dadri) Anuj Nehra, overseeing the enforcement action in the region, officials said. 'In total, 12 builder project offices under Dadri tehsil have been sealed over the past 12 days,' the SDM said. The highest defaulters in the region include Uttam Steels and Associates, owing ₹56.80 crore; Rudra Buildwell Homes having outstanding dues of ₹37.68 crore; Rudra Buildwell Project owes ₹32.32 crore while Ansal Hitech Township has ₹26.18 crore as dues. Other builders facing action include DSD Homes ( ₹2.85 crore), Shubh Advisors ( ₹1.05 crore), and Hebe Infrastructure ( ₹57 lakh). Additionally, Aastha Infracity owes ₹3.60 lakh, Ansal Landmark Township has a pending amount of ₹1.72 lakh, and Dhanya Promoters has ₹25.29 lakh as dues. These developers were unavailable for comment on the issue despite repeated attempts. The district administration, meanwhile, has warned that further sealing actions will be carried out if builders fail to clear dues immediately. The current crackdown is part of an initiative to recover money from builders who have consistently ignored notices from UP-RERA, officials said. When builders fail to comply with UP-RERA orders—such as refunding buyers, paying penalties, or handing over possession—Recovery Certificates (RCs) are issued. Once an RC is issued, the district administration is authorised to recover the amount as arrears of land revenue, much like unpaid taxes. As of now, over 2,700 RCs remain pending across the district, and recovery efforts have yielded limited success..
Time of India
14-05-2025
- Business
- Time of India
Recovery notices ignored, UP seals offices of 12 builders over Rs 175cr dues
Noida: Over the last 12 days, the district administration has sealed the offices of 12 developers in Dadri for failing to clear more than Rs 175 crore in dues to the real estate Engineers, Elegant Infracon, Ansal Hitech, Rudra Buildwell and Uttam Steels, among others, were issued multiple recovery notices but had not responded, officials certificates (RC) are issued by UP-Rera if a developer fails to comply with an order passed by the regulatory authority — usually to refund buyers, pay penalties, or fulfil obligations like handing over possession. Once an RC is issued, it enables the district administration to recover the amount as arrears of land revenue, much like a tax recovery (Dadri) Anuj Nehra, who is currently supervising the enforcement action, said offices of Antariksh Engineers and Elegant Infracon, were sealed on Tuesday for dues amounting to around Rs 4 crore and Rs 15 crore, Steels and Associates is among the top defaulters with dues amounting to Rs 57 crore. Other builders facing action include Ansal Hitech Township, which defaulted on Rs 26 crore, Rudra Buildwell Project, which owes Rs 32 crore, Rudra Buildwell Homes with Rs 38-crore dues and DSD Homes around Rs 3 Advisors, another defaulter, owes Rs 1 crore, Hebe Infrastructure Rs 57 lakh, Dhanya Promoters Rs 25 lakh, Aastha Infracity Rs 3.6 lakh and Ansal Landmark Township with Rs 1.7 lakh administration has warned of more such sealing drives if the dues are not cleared immediately. Dadri tehsil, officials said, alone has more than 100 such projects where builders owe over Rs 500 crore shared by UP-Rera shows that over 2,700 RCs are currently pending, and recovery efforts have so far yielded limited results.A major hurdle in the recovery process has been the lack of cooperation from builders whose offices are based in Delhi. UP RERA issued over 330 RCs related to such projects, but the recovery rate in Delhi has been abysmally low. Officials have blamed jurisdictional complications and poor coordination between the state authorities for the delay.
