The Yamuna Expressway Industrial Development Authority (YEIDA) has given a developer a final deadline to deposit dues of ?118 crore by the end of July, failing which it will cancel the allotment of land for a 100-acre township in Sector 22D. YEIDA officials said this was the final ultimatum for the developer, after an earlier deadline of June 30 had lapsed.

The developer had requested a two-month extension last month, citing difficulties in securing full possession of the allotted land. In response, the management said it has deposited ?40 crore and remains committed to paying the full amount. “We are committed to paying all land dues, but we need the Authority's support to ensure full possession of the land and permission to sublease the commercial part of the project,” said the project director.

According to the developer, approximately 30–35% of the 100-acre site is still under cultivation by farmers, making construction and fund-raising through sales difficult. The policy had recalculated the total dues to ?441 crore, of which ?110 crore was to be paid upfront. The developer paid this initial amount but missed subsequent installments despite extensions.

YEIDA rejected the request for commercial subleasing, stating that policy only permits subleases to homebuyers. Cultivation by farmers in the middle of the plot has caused concern among homebuyers. Possession of the complete land and permission to sublease would help accelerate development and sales, with proceeds going toward remaining dues.

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