Yamuna Expressway Industrial Development Authority will allow surrender of your flat in Yamunotri Housing Scheme to the Authority, subject to the terms and conditions. The Authority shall also be free to exercise its rights of cancellation of allotment of a flat.
YEIDA Yamunotri Housing Scheme BHS-04/2014 – Surrender or Cancellation of the Allotted Flat
Greater Noida (Uttar Pradesh, India), October 31, 2015
The Yamuna Expressway Industrial Development Authority (YEIDA) had launched a multistoried flats scheme (YEIDA Scheme Code BHS-04/2014) in Yamuna Expressway Sector-22A on October 23, 2014.
YEIDA Yamunotri Housing Scheme BHS-04/2014 – Surrender of the Allotted Flat
The Yamuna Expressway Industrial Development Authority will allow surrender of your multistory flat in Yamunotri Housing Scheme BHS-04/2014 to the Authority, subject to the certain terms and conditions.
1. If applicant surrenders before lottery draw of lots is held, the Yamuna Expressway Industrial Development Authority will refund the entire Registration Money Deposit without interest.
2. In case the applicant surrenders after the lottery draw of lots is held, but within 30 days from the date of allotment, the Yamuna Expressway Industrial Development Authority will refund 90% of Registration Money Deposit without interest after forfeiting 10% of the initial Earnest Money Deposit.
3. In case the applicant surrenders after 30 days from the date of allotment but before 45 days of allotment for Payment Plan E-1 and E-2 applicants, the Yamuna Expressway Industrial Development Authority will refund 50% of Registration Money Deposit without interest after forfeiting 50% of the initial Earnest Money Deposit. The Yamuna Expressway Industrial Development Authority will not give any separate notice for this.
4. In case the applicant surrenders after 45 days from the date of allotment for Payment Plan E-1 and E-2 but before 6 months from the date of allotment, the Yamuna Expressway Industrial Development Authority will forfeit 10% of the total premium of the multistoried flat. The Authority will refund the balance amount, if any, without any interest to the allottee. The Yamuna Expressway Industrial Development Authority will not give any separate notice for this.
5. In case, the applicant surrenders his or her multistory flat after six months from the date of allotment, the Yamuna Expressway Industrial Development Authority will forfeit the entire deposited money.
6. In case, the applicant fails to deposit the due amount for his or her multistory flat within the stipulated time, allotment will be liable for cancellation. In case of such cancellation, the Yamuna Expressway Industrial Development Authority will forfeit the money so deposited until the date of cancellation.
7. The Yamuna Expressway Industrial Development Authority will count the day of surrender of your allotment on the date on which application is received in the Authority office. The Authority will not entertain any subsequent claim based on a postal certificate.
YEIDA Yamunotri Housing Scheme BHS-04/2014 – Cancellation of the Allotted Flat
The Yamuna Expressway Industrial Development Authority shall be free to exercise its rights of cancellation of allotment of a flat, subject to the specific clauses relating to cancellation.
1. If an applicant has obtained the allotment through misrepresentation or suppression of material facts, the Yamuna Expressway Industrial Development Authority shall be free to cancel allotment of the flat.
2. If an applicant has violated directions issued, or rules or regulations framed by the Yamuna Expressway Industrial Development Authority or by any other statutory body, the Authority shall be free to cancel allotment of the flat.
3. If there is default on the part of the applicant or allottee for breach or violation of terms and conditions of registration or allotment or non-deposit of allotment amount, the Yamuna Expressway Industrial Development Authority shall be free to cancel allotment of the flat.
In the event of cancellation, under sub-clause 1, 2, and 3 given above, the Yamuna Expressway Industrial Development Authority will forfeit the entire deposits until the date of cancellation and the Authority will resume possession of the multistory flat with structure thereon, if any, and the allottee will have no right to claim any compensation thereof.
The Last Date for Submission of Application Forms
The last date for submission of application forms for the YEIDA Yamunotri Housing Scheme BHS-04/2014 was on January 31, 2015.
Yamuna Expressway Industrial Development Authority Yamunotri Housing Scheme BHS-04
Yamuna Expressway Industrial Development Authority – Yamunotri Housing Scheme BHS-04/2014
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