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Parsvnath didn't pay Rs 281 crore, Greater Noida Authority cancels 2 land plots; here's what happened

Greater Noida news: The construction company had been allotted a land plot of 25 acres in Sector Pi in 2006 by GNA. ....

Greater Noida , Noida News , Greater Noida News , Ritu Maheshwari , Parsvanath Developers ,

Hefty fines: Builders knock Rera's door to talk deadlines | Noida News

Noida: After imposing fines to the tune of Rs 4 crore on 25 builders for non-compliance of its orders in favour of homebuyers, UP-Rera is now hearing the offenders out one-on-one. Top executives of Supertech Group and the Logix group turned up at the regulator’s door on Wednesday and Thursday, respectively, to negotiate and make fresh promises for completion of flats to escape fines.
“The meetings are being held with the erring builders on a one-on-one basis. However, there have been no discussions on whether they would be absolved of the heavy fines if they start delivering the pending units,” Balvinder Kumar, member of UP-Rera, told TOI. ....

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