Yamuna Authority's board meeting to address key proposals for allottees

The Yamuna Authority is gearing up for an important board meeting scheduled for September 13, where several significant proposals are set to take centre stage. One of the prominent proposals on the agenda is expected to bring relief to approximately 1,600 allottees who were originally allocated flats constructed by the authority under two now-cancelled schemes. Under these schemes, allottees were given the choice to either withdraw their investments or opt for flats in an alternative scheme. Those who chose to join the new scheme faced penalties in the form of levied penal interest for delayed instalment payments.

In response to protests from affected allottees, the Yamuna Authority is now poised to propose a fairer approach. Specifically, they will recommend charging allottees only for the period during which they transitioned into the second scheme, aiming to alleviate the financial burden on these individuals.

Furthermore, the authority is contemplating extending an opportunity for successful flat scheme allottees to participate in the plot scheme. This move aims to address the concerns of families who have found residing in small flats challenging and offer them an alternative in the plots scheme.

In a bid to cater to the needs of the elderly, a proposal to construct a 150-bed old-age home will also be presented during the board meeting, with 50 beds specifically reserved for the sick and disabled. Changes are also on the horizon for the group housing scheme, as the board intends to offer allottees the flexibility to make payments over a five-year period, deviating from the previous lump-sum payment requirement.

Moreover, the board will consider a proposal to modify the rules governing the upcoming data centre park plots scheme, making it more accessible and attractive to potential participants. For those falling under the categories of industrial, mix land, commercial, and institutional allottees, a one-time settlement (OTS) will be proposed, potentially easing their financial obligations.

Last but not least, the revised detailed project report (DPR) for the proposed heritage city in Mathura-Raya will be presented for the board's consideration, adding to the diverse array of topics to be discussed during this pivotal meeting. Stay tuned for updates as the Yamuna Authority addresses these critical issues and potential reforms in the coming days.

Next (Orissa High Court modifies order for refund to depositors of GLP and Golden Land)

Yamuna Authority's board meeting to address key proposals for allottees

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