Thursday, May 30, 2024
HomeNewsReal EstateNoida authority yet to get Rs 1,400 crore from lease of 74...

Noida authority yet to get Rs 1,400 crore from lease of 74 properties

Those using the buildings and space deposited money in the beginning but stopped paying the rent later, the officials said, adding that notices had been sent to each of them.

The Noida Authority is yet to collect dues worth Rs 1,400 crore from 74 properties it has leased out to various government agencies and companies. Officials said these included government offices, petrol pumps, banks, kiosks, gas godowns and showrooms. The dues have been calculated till January 31.

It was the Authority’s general administration department that had given out these properties on lease. Those using the buildings and space deposited money in the beginning but stopped paying the rent later, the officials said, adding that notices had been sent to each of them.

Officials said petrol pump operators owed the maximum arrears, followed by government offices and banks. Many of these operators have even moved court on issues related to rent.

Data sourced from the Authority showed 15 petrol pumps located in various sectors of the city owed a maximum of Rs 518.5 crore to the Authority. These are followed by 21 government offices that have an outstanding of Rs 377.5 crore.

The government agencies include offices of sales tax, income tax, sub-registrar, passport, additional regional transport officer, telephone exchange, excise, industries and post offices.

There are a total of nine bank branches from which the Authority is supposed to get Rs 297.2 crore. All these banks have cases pending in courts. These apart, four CNG stations run by a private company owe about Rs 150 crore in rent.

Nine mobile canteens, shops and kiosks have an outstanding of Rs 19.7 crore. As many as 16 gas godowns and showrooms owe Rs 2.5 crore.

Officials said they had held several meetings with representatives of the government agencies and firms and urged them to clear the dues. “Over time, some of them have paid a portion of the dues. But a majority have filed cases in court,” an official said.

The Authority, the officials said, had recently sent the revised overdue list to various departments for necessary action.

RELATED ARTICLES

Most Popular

Hot News