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The CEO also directed officials that information regarding the dues against each developer should be published in newspapers and that boards should be installed at the project site mentioning their liability towards the authority.
The government may either have to rationalise interest rates on builder dues or give them a moratorium. This would mean having to forgo some portion of the accumulated builder dues.
Bhoosreddy, a retired IAS officer of the 1989 batch, was the Investment Commissioner of the UP government, and has served in the Uttar Pradesh Housing Board as well.
Greater Noida and Noida authority boards to meet on August 12 and 13, that of Yamuna Expressway later this month
A panel headed by Amitabh Kant that looked into ways to complete stalled housing projects suggested a moratorium on payment of dues that developers owe land-owning agencies