Noida: Come on 2022, the district government will start from his drive against developers who have not paid their contributions despite receiving a recovery certificate.
However, it will be for the first time throwing up the assets through online auctions.
All of this, a recovery certificate issued by three Development Authorities – Noida, Greater Noida and Yamuna Expressway – and up-Rera proved difficult to execute.
Administration has now asked the three authorities to share a list of absence along with the properties they have the process to realize the amount is very complicated and boring.
Local sub-division judges must announce the implementation of the recovery certificate to start the process.
This procedure also involves publishing or attaching notifications to the address registered from defaults and asking them to pay the amount or appear before the authorities for a certain period of time.
If defraugter breaks the deadline, SDMS has the authority to recommend their arrest for non-payment.
Bank accounts, lockers and other assets owned by them are attached if no one appears or caught.
Attached assets are then sold to restore the amount.
But for years, the number of defaugter has increased, not so much recovery.
Until now, the Noida government must recover more than RS 400 Crore from 30 defaulters – all builders.
The recovery rate is currently below 15%.
“The majority of the majority are not available at their registered address.
Land is allocated for them more than a decade ago and their existence is unknown now.
Also, we can begin the recovery process only to the names mentioned in the official correspondence provided by up-ra or Another authority Ly.
Officials say e-auction assets can produce higher productivity because players from various parts of the country will be able to participate in the offer.
“Plus, a developer from Mumbai, Bengaluru or Chennai who is interested in looking for NCR will have a sense of security because he will buy land from the government,” said an official at Surajpur Collectorate.
The e-Auction route is debated by up-ra in September 2019 to increase the recovery rate.
District judge later, BN Singh, has continued detailed records to the government in January 2020, emphasizing the need to apply the online auction process.
On December 15, the cabinet up made a decision to introduce the fourth amendment in the existing income code to allow e-auctions of non-moving properties from defaulter.