Three years have gone by and NOIDA Authority continues to hold back a sum of Rs 20 crore that it collected from 1,70,000 plot owning aspirants in the garb of 'token money', without even remotely indicating to them fresh dates for allotments as earlier draw was cancelled under allegation of favouritism and nepotisim in 2004, the chamber said in a statement.
We received feedback from thousands of industrial employees who claimed that the authority has yet to refund their token money to all aspirants that filled in application form to own property in NOIDA three years ago without any concrete result,'' Assocham Secretary General D S Rawat said.
The chamber said it is totally uncalled for as the period of about three years waiting to have property cannot be justified for any valid reason.
Mr Rawat claimed that he had already taken up the issue with authorities concerned by urging them to resolve the issue once and for all.
''The total amount of refundable token money for 1,70,000 applicants in totalility works out to be Rs 17 crore, with each applicants token money estimates of Rs 1,000,'' said Mr Rawat adding that about three crore rupees is the interest amount part on principal of Rs 17 crore.
He said following request from thousands of industrial employees in the larger public interest, the chamber has taken up this issue for refund of token money with CEO, NOIDA Authority, urging them either to refund the token money or else commit a firm date for making fresh allotments.
The analysis highlights that about three years ago, Authority sold off 1,70,000 application forms, claiming residential plots to various aspirants, asking for Rs 50,000 to 80,000 and Rs 1,20,000 to Rs 1,50,000 for four categories of plots.
Roughly 1,70,000 applicants filled in the forms, depositing aforesaid amount of money with the authority, the first draw of which was announced as promised by it.
However, in the first draw itself, irregularities were found as influential lot of Uttar Pradesh were announced allotment of various residential properties and the issue landed in controversy since the allotment was there after cancelled.
The Authority subsequently refunded application money to all applicants, retaining with it Rs 1,000 per applicants as a token money, with a hope that it would announce another round of draw which has yet to happen.
As a result the aspirants for owning property in NOIDA are still in dark as its authority has yet to convey its decision about allotment of plots to those that sought to own plots through the scheams floated by authority in 2004.
The plots offered for applicants measured, between 112.5 sq ft plots, 162-200 sq ft, 200 sq ft and 400-450 sq ft.