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Gr Noida authority to set up recovery cell to collect its outstanding dues from defaulting allottees

Gr Noida authority to set up recovery cell to collect its outstanding dues from defaulting allottees

“As per the notice, we have warned allottees that default in allotment amount and three consecutive instalments will lead to cancellation of allotment of plot/flat,” said B.K Tripathi, Additional CEO (ACEO), GNIDA. “Compound interest on the defaulted amount shall be levied quarterly as per the norms as indicated in the brochure or lease deed. No interest will be waived off for defaulters”

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