Where is the Sports Infra in 'Sports City'

Sports City Scam www.infralive.com 21 Infra LIVE July 15, 2022 given. So, the priority was for creat- ing world class sports infra in the sports city. Successful Bidder For the plot SC-01/150, two bids were received on the last date of submission ie March 24, 2011. Noida Authority submitted the bids to state owned UP Industrial Con- sultants Ltd (UPICO) for technical evaluation on the same day. UPICO also submitted its report on the same day ie March 24, 2011. So, everything happened in a matter of fewhours. Logix Soft-Tel Pvt Ltd (LSPL), a software development company, led consortium emerged as the successful bidder quoting Rs 12,050 per sqm. LSPL had the paid- up equity capital of Rs 14 crores and turnover of Rs 9.70 crores in FY10. The other members of LSPL con- sortium were newly incorporated Logix Builders &Promoters Pvt Ltd (LBPPL), VC Solutions Pvt Ltd, IT Enfraservices Pvt Ltd, Noida Cyber Park Pvt Ltd, and Lakshmi Con- structions. Three members of the consortium (Noida Cyber Park, VC Solutions, and IT Enfraservices) were software development com- panies without any experience in real estate development and con- struction activities. LBPPL was newly incorporated (7.3.2011), and Lakshmi Constructions also did not have any experience in real estate development activities. Logix group is promoted by Shakti Nath andMeenaNath, Howe v e r , w i t h o u t c r o s s - verifying these facts, on May 4, 2011, Noida Authority under Mayawati led government (May 13, 2007 to March 14, 2012) allotted the said plot measuring 224 acres (907,988 sqm) on 90-year lease to LSPL consortium. Months before her tenure was to end, on January 18, 2012 the Noida Authority exe- cuted two separate lease deeds – Part-A (269,430 sqm) in favour of LBPPL, and Part-B (278,762 sqm) in favour of LIPL, a Special purpose company (SPC) incorporated in March 2011 in utter disregard of the provisions of the Brochure. Later, the Noida Authority signed four more lease deeds with LIPL in December 2013, March 2014, April 2015 and August 2015 under Part- C. This happened during the AkhileshYadav regime. InfraLive conducted an investi- gation based on the available offi- cial records, documents/ informa- tion in the public domain (MCA records, UP RERA website, filings with the BSE/NSE, Performance audit report of the C&AG etc), and its findings are as follows. C&AG's Findings The C&AG in its Performance Audit Report (12/2021) held that Logix Group Consortium did not qualify/ fulfil the technical eligibil- ity criterion prescribed in the scheme. Hence, they were not eligi- ble for allotment of the Sports City plot. C&AG in its report has pointed out the following issues in respect of bid of the Logix group:- 1. Logix Group Consortium did not have any turnover from the real estate development activi- ties in last three years; 2. The applicant submitted three certificates for real estate pro- jects for 19,61,625 sqft, out of which only two certificates for 654,450 sqft were issued by the competent statutory authority (Delhi Development Author- ity). The third certificate for 13,07,175 sqft was issued by an architect and was not from the statutory authority as was the mandatory stipulation. Thus, the applicant failed to fulfil the criteria of certificate from com- petent authority for 10 lakh sqft. C&AG's findings have been pre- sented in table at pg 22. Divisions of Plot As stated above, Brochure pro- vided that the lessee shall have the right to sub-divide the allotted plot into suitable smaller plots, as per planning norms of Noida, only for the area available for residential (254,257 sqm) and commercial (18,160 sqm) use. Further, the lead ¦ The lessee shall have the right to sub-divide the allotted plot into suitable smaller plots, as per planning norms of Noida, only for the area available for residential & commercial use and to transfer the same to the interested parties, if any, with the prior approval of Noida on payment of transfer charges prevalent on the date of trans- fer Area reserved for Sports Infra The brochure stated that 70 per cent (ie 157 acres) of the total land (224 acres) will be used for the development of sports infrastruc- ture on which the developer must spend a minimum of Rs 410 crore, which included Rs 40 crore on a 9 hole Golf Course. Though the acre- age for Golf Course was not specifi- cally stated in the March 2011 bro- chure, but a brochure of December 2010 issued by the Noida Authority for 150 acre Sports City in Sectors 104 & 105 specified the acreage as well as the cost; For a 9-hole Golf Course it specified 65 acres of land and the development cost as Rs 40 crore. Thus, a 65 acres land was the minimum area required for a 9- hole golf course as per interna- tional standards with proper acces- sibility for hosting international events. Sector 150 Sports City is being constructed on 224 acres of land (50 per cent bigger in size) and hence the size of sports infra ought to be bigger than those stipulated in Sector 104& 105 Sports City. 3-5 years for Sports InfraCom- pletion Further, the brochure also pro- vided that the lessee shall be required to complete the construc- tion of 15 per cent of the area ear- marked for sports, institutional and other facilities within a period of three years from the date of exe- cution of allotment letter and shall complete 100 per cent of sports infrastructure within a total of five years. For the completion of resi- dential and commercial projects on the remaining 30 per cent of the land, additional three years were