The Uttar Pradesh government has taken back 25,000 acre land it had allotted to the Jaypee Group to set up a cement factory in Sonbhadra district. The land was allotted in 1980.

The Supreme Court had recently sought a reply from concerned authorities after UP forest department raised objection over the land allotment claiming that the company was carrying out illegal mining in the region.

The Jaypee Group is already facing heat over the delayed possession of apartments in its housing projects spread across Noida and Greater Noida.

Ajit Kumar, director of the Jaypee Group cited fund crunch as a key reason for non-completion of apartments in its Wish Town project situated in Noida's Sector 131.

"Our contractor L&T left the project mid-way, forcing us to look for a new one. We also have bank loans and other financial problems," Kumar said, maintaining that the company had provided possession to 5,000 buyers till January. "Work on the project will restart by May," he added.

Apart from Jaypee, real estate majors like Amrapali, Supertech and Gaur are also under scrutiny for not keeping the promises they made to thousands of home buyers.

Earlier this week, the Greater Noida Industrial Development Authority (GNIDA) has asked Supertech to seal 1,009 flats and villas at its Czar complex in Sector Omicron-1, Greater Noida, for violation of the sanctioned floor plan.

India Today Impact: Noida authority gets tough on Amrapali, to keep track of company's projects



