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Meerut divisional commissioner seeks fresh details on erring officials in housing scam, Real Estate News, ET RealEstate

Meerut divisional commissioner seeks fresh details on erring officials in housing scam, Real Estate News, ET RealEstate
GHAZIABAD: The Meerut divisional commissioner has sought fresh details from the Ghaziabad Development Authority (GDA) about officials in whose tenure the Swarn Jayanti Puram housing scam took place.

Sources said Surendra Singh had sought details on six points and the GDA had started preparing a report, which would eventually be sent to the state government after being vetted by the commissioner.

“The six-point details that have been sought are specific this time. They include the names and tenure of the officials under whose watch the irregularities took place. We are in the process of preparing a report. So far, we have made a list of 36 former and current officials,” said a senior GDA official.

The GDA had launched the Swarn Jayanti Puram housing scheme in 1998, in which 1,553 plots of 200sqm, 150sqm, 112sqm and 90sqm were carved out and put up for sale. In the case of 139 of these plots, people defaulted on payment of EMIs, leading to cancellation of allotment. The officials, in connivance with middlemen and property dealers, allegedly got the cancelled plots restored between 2005 and 2007. They lured the allottees with a paltry amount and got the land transferred in their own names.

The catch was that these plots were restored at a sector rate that was prevailing in 1998, which was between Rs 2,575 per sqm and Rs 2,820 per sqm. But as per law, the plots should have been restored to allottees at the sector rate prevailing at that point in time, i.e., between 2005 and 2007, or 75% of the market value or whichever was higher. The sector rate between 2005 and 2007 was Rs 12,000 per sqm. This resulted in loss to the state exchequer of about Rs 3 crore and an additional Rs 30 lakh in stamp duty.


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