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Allottees Liable to Pay Interest, Says GMADA
Hindustan Times Chandigarh
|January 09, 2025
Reduce cost by ₹800 per square metre: GMADA writes to govt
MOHALI: Clearing its stand over the enhancement charges levied by the Greater Mohali Area Development Authority (GMADA) on residential plots in Sectors 76 to 80, the development authority in its detailed reply has maintained that the residents are liable to pay interest due on delayed payments.
Enhancement charges refer to the additional amount paid to landowners against acquisition. After holding a meeting with the Sector 76-80 plot allotment welfare committee last month, which had moved Punjab and Haryana high court (HC) in October last year, against the said charges; GMADA sent a detailed reply to the committee.
As per residents, the initial enhancement amount, in 2013, was ₹300 crore but as GMADA failed to collect it in a timely manner, it ended up adding ₹288 crore in interest, which it tried to shift onto the allottees.
The HC then directed GMADA officials to communicate with the representatives of the committee (petitioner).
This story is from the January 09, 2025 edition of Hindustan Times Chandigarh.
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