Jaypee Sports may lose Yamuna Expressway land if dues not paid in a month: Govt body
Jaypee Sports International has one month to clear its pending dues of ₹220 crore or their lease on a 1,000 hectare land along the Yamuna Expressway will be cancelled, a PTI report said today, quoting an official with the Yamuna Expressway Industrial Development Authority (YEIDA).
The Authority has also revised land rates along the Yamuna Expressway, increasing costs for residential plots up to 200 sq metres by 8%, group housing/builder plots by 6 %, institutional and industrial plots by 4%, its officials said.
YEIDA was the nodal government body to implement the 165-km-long Yamuna Expressway project as well as allied development along side. Jaypee Infratech, a subsidiary of the Gaur family-promoted Jaiprakash Associates. Jaypee Sports International is a group company.
