7 months ago

Noida: Omaxe Group’s 9,262 sqm plot sealed for default in payment

The Noida authority on Friday sealed a 9,262.625 square metre land parcel of Omaxe Buildhome Private Limited for failing to clear ₹457.81 crore dues despite repeated notices. “We have sealed the unused land parcel of Omaxe Buildhome after the realtor failed to make use of the policy… under which we offer waivers so that the dues can be cleared easily. Around 500 residents of Grand Omaxe housing complex in Sector 93B are yet to receive their property title despite paying the total flat cost as the Noida authority will allow registry of these flats only after the builder deposits dues. The Omaxe Buildhome private limited has developed around 1,500 apartments in this project named Grand Omaxe and residents are living in this project.

Hindustan Times

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