Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The district administration in Dadri, Noida, has recently sealed the offices of 12 real estate developers due to unpaid dues exceeding INR 175 crore to UP-RERA. Despite repeated recovery notices, these builders failed to comply, prompting strict enforcement actions. Key defaulters include Uttam Steels and Associates, Rudra Buildwell Homes, and Ansal Hitech Township. This move reflects a broader issue, with over 100 projects in the area collectively owing more than INR 500 crore. Recovery efforts face significant challenges, especially involving builders based in Delhi, highlighting the need for improved inter-state coordination and stronger regulatory measures to safeguard homebuyers and ensure accountability in the real estate sector.
In a decisive enforcement action, the district administration of Dadri in Noida has sealed the offices of 12 real estate developers over the past two weeks for failing to clear outstanding dues exceeding INR 175 crore owed to the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). Despite receiving multiple recovery notices, these builders did not comply, leading the administration to take stringent measures to recover the pending amounts. Advertisement
The enforcement drive, led by Sub-Divisional Magistrate (SDM) Anuj Nehra, targeted key defaulters, including Antariksh Engineers and Elegant Infracon, whose offices were sealed for dues of approximately INR 4 crore and INR 15 crore, respectively. Among the most significant defaulters, Uttam Steels and Associates has outstanding liabilities amounting to INR 57 crore, making it the top defaulter in this crackdown. Other notable defaulters include Rudra Buildwell Homes (INR 38 crore), Rudra Buildwell Project (INR 32 crore), and Ansal Hitech Township (INR 26 crore).
The list of builders facing action also includes DSD Homes (INR 3 crore), Shubh Advisors (INR 1 crore), Hebe Infrastructure (INR 57 lakh), Dhanya Promoters (INR 25 lakh), Aastha Infracity (INR 3.6 lakh), and Ansal Landmark Township (INR 1.7 lakh). UP-RERA issued recovery certificates (RCs) against these developers for failing to comply with its directives, which typically involve refunding buyers, paying penalties, or fulfilling obligations such as handing over possession of properties.
Once an RC is issued, it empowers the district administration to recover the amount as arrears of land revenue, a process akin to tax recovery. The administration has warned of further sealing drives if the dues are not cleared promptly. Officials noted that Dadri tehsil alone has more than 100 projects where builders collectively owe over INR 500 crore, raising concerns about the scale of non-compliance in the region.
Data from UP-RERA indicates that over 2,700 recovery certificates remain pending, with recovery efforts yielding limited success. A key challenge in the recovery process has been the lack of cooperation from builders operating out of Delhi, with more than 330 RCs linked to such projects. The recovery rate for these RCs has been minimal, primarily due to jurisdictional complications and inadequate coordination between state authorities.
In response to these challenges, the district administration has intensified efforts to recover the dues and has called for stricter enforcement mechanisms to address the rampant non-compliance in the real estate sector. Meanwhile, officials emphasised that more stringent actions, including asset seizures and public auctions, could be considered to ensure recovery in cases of continued default.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
