The Greater Mohali Area Development Authority (GMADA) has come up with an amnesty scheme for its defaulters who bought properties, both commercial and residential, in the draw of lots and auctions but failed to clear their outstanding dues within a stipulated period of time. In what could be considered as a relief and last chance for the defaulters who did not pay their outstanding dues, GMADA has given them another deadline till October 27.
The defaulters who failed to clear their outstanding dues in the last four years stand eligible under this scheme. According to a senior officer of GMADA’s Estate Office, there are around 250 such defaulters who have not paid their outstanding dues after successfully buying the properties during the draw of lots of various housing projects.
Purab Premium Apartments, Eco City and various other commercial properties that were sold by GMADA in the last four years by way of draw of lots and auctions include built-up booths, showroom sites, institutional sites and residential projects. “GMADA used to charge 18 per cent interest rate annually from the defaulters in the past but under the amnesty scheme, the interest rate has been reduced to 15 per cent. GMADA had received only seven applications till October 14. We are expecting that the number shall go up in the coming days,” said Surinder Dhundia, official spokesperson of GMADA.
If a successful allottee does not pay the required amount in a stipulated period of time, the property is resumed by the Estate Office. “But this time, we have taken special permission from the government to give last chance to the people who could not pay required amount of their properties. The pending dues could also be paid in instalments,” another officer told Chandigarh Newsline. Shailander Anand, former chairman of Mohali Property Consultants Association (MPCA), welcomed the step saying that it would give relief to the defaulters and the reduction in the tax would also help GMADA generate income from the defaulters.