Image Courtesy: TwitterBased on a top official here, the Noida Authority has issued a notice to real estate developer DLF to pay Rs 235 crore as compensation to the prior owner of the property that the Mall of India is built. The DLF, in contrast side, stated that it had yet to receive the communication.
The development follows the announcement of a Supreme Court ruling on May 5 ordering the Noida Authority to pay compensation towards the land’s prior owner, Veerana Redyy. “Yes,” said Noida Authority CEO Ritu Maheshwari, confirming the notification had been issued.
Another senior official told PTI that the notice was given to DLF on December 23, and the payment is due in 15 days. a DLF spokesperson said in a statement: “We have not received any notice. Once we get it, we will review it.” The DLF Mall of India is located in Sector 18, Noida’s commercial hub.
The site on which the mall is now being built was purchased from Reddy by the Noida Authority, which is under of the UP government’s Industrial Development Ministry, in 2005 and was then auctioned off to DLF. According to an official, a big part of Reddy’s compensation remains unpaid, and the issue has reached the Supreme Court.
