The Yamuna Expressway Industrial Development Authority has through a letter sought approval from the state government to extend waivers on penalties and the interest component of land cost dues to Jaiprakash Associates Limited under the state’s recently notified policy for stalled realty projects. The state government notified the policy last December, under which a realtor with land cost dues, may …
Jai Prakash Associates Limited, a real estate firm, intends to sell 150 acres of land to raise ₹2,755 crore to pay the Yamuna Expressway Industrial Development Authority’s financial obligations, the developer said in the Allahabad high court recently. In a hearing in the Allahabad high court on May 25, JALs lawyer, Jayant Bhushan, argued that JAL should be given more …
