Noida Authority Issues Recovery Notice of Rs 78.23 Crore Against Shubkamana Buildtech!

Noida Authority today issued a recovery notice of Rs 78.23 crores against Shubkamana builders regarding there project in sector 137 Noida.

As per the notice, Noida authority has asked the district magistrate to initiate recovery action against realty firm- Shubhkamna Buildtech Private Limited to recover the 78 crore of dues. It has also highlighted that the realty firm has failed to develop housing project in sector 137 of Noida and despite a notice sent to the allottee in feburary of this month, there was no attempt made to clear authority dues.