DLF Mall of India land case: Noida Authority issues a payment notice for Rs. 235-crore to real estate developer

DLF Mall of India land case: According to sources, the Noida Authority has given real estate developer DLF 15 days to pay Rs 235 crore in connection with a land compensation dispute involving the DLF Mall of India.

The change is a result of a Supreme Court decision from May 5 ordering the Noida Authority to compensate the prior owner of the land, Veerana Reddy. DLF, however, vehemently denied having received any notification from the Noida Authority regarding the payment of Rs. 235-crore.

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Noida Authority claim that the developer was served the notification on December 23

Officials from the Noida Authority claim that the developer was served the notification on December 23. “We have issued a notice on December 23 to DLF for payment of Rs 235 crore to the Authority in connection with the dispute related to land to Mall of India. The developer will have to pay the desired amount within 15 days else appropriate legal actions will be taken,” a person with knowledge of the situation informed Moneycontrol.

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DLF spokesperson denies receiving any notice

The DLF spokesperson refuted the claim that they had received any notice from the Authority in this regard. The DLF spokesperson stated, "We have not received the notice yet, once we get it, we will review it." 

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