Summary:
In December 2017, the Authority conducted an audit of the two developers’ projects and found that SDS Infracon had received Rs 182.44 crore while Greenways Infrastructure had received Rs 173.10 crore investment from homebuyers. GREATER NOIDA: The Yamuna Expressway Industrial Development Authority ( YEIDA ) has issued revenue certificates against two developers for diverting homebuyers’ money to another projects. Both the developers are absconding from the city.Arunveer Singh, CEO of YEIDA, said the Authority had made plot allotment to these two developers for group housing societies. The two developers were then asked to make escrow account for the management of the project amount, which they ignored. The developers advertised the projects and received investment from several buyers..