DLF Gets Rs 235 Crore Notice Over Noida Mall Land Compensation
NDTV
The land where the Mall of India has been built was acquired by the Noida Authority and later auctioned to DLF.
The Noida Authority has issued a notice to real estate developer DLF to pay Rs 235 crore as compensation to the previous owner of the land on which the Mall of India has been built, a senior official said Monday. The DLF, however, said it was yet to receive the communication.
The development comes in the backdrop of a Supreme Court order on May 5 in which it had directed the Noida Authority to ensure payment of compensation for the land to its previous owner Veerana Reddy.
"Yes," Noida Authority CEO Ritu Maheshwari told PTI, confirming that the notice has been issued.
Another senior official told PTI that the notice was issued to DLF on December 23 and the amount has to be remitted in 15 days.
