Industrial Plot No.1, Sector 90, Noida

Industrial Plot No.1, Sector 90, Noida www.infralive.com 37 Infra LIVE June 15, 2022 Scan-B (3 of 5) tional Authority brought it to their attention the apparent irregulari- ties being committed by the promoters. This inaction on the part of the Authority is likely to cause irreparable damage to the end-users at the time of subleas- ing of the commercial spaces in the Project. Violation-4: Change in usage As per the lease deed (Clause II a) executed by the Noida Author- ity with CBS on May 30, 2008 for industrial plot stipulated that “lessee shall use the plot for setting up of IT/ITES only and for no other project. No change in project is permissible for any reasons whatsoever.” Further, as per the lease deed, the allottee (CBS) was required to develop a minimum of 75 per cent of the area for IT and ITeS ser- vices/facilities, while commercial area was capped at 10 per cent. The balance area was capped at 10 per cent for residential and 5 per cent for institutional facilities. But they are developing all the towers as commercial ones, while one is residential. The Noida World One project allotted to CBS has multiple phases 1 to 8 corresponding to different towers. UP RERA has registered its five phases (4 commercial and 1 residential): phase 1 is called tower-B, phase 2 (tower-C), phase-3 (tower-D), phase-6 (tower-A), and phase-7 is tower-F. On the other hand, Bhutani Group has registered four commercial projects with UP RERA namely Alphathum num- bered as phase 1 to 4 overlapping the area on the same plot of land. As of now, a total of nine projects have been registered by UP RERA for this plot (table-4 at pg 35). As is evident from the table-4, for Tower-A to Tower-C, lower floors are being developed by CBS,