Builder gets 3-year extension to complete project in Patiala

In a major respite for the Omaxe Colony residents, the developer has been given an extension for completion of the pending project. It has also returned 60 acres of land to the Patiala Development Authority (PDA).

Confirming the development, Chief Administrator, Patiala Development Authority (PDA), Manisha Rana, informed that the PDA had undertaken the project for the development of an Integrated Township over approximately 330 acres at Baran, Sirhind Road, Patiala, under the Public Private Partnership mode by executing an agreement with M/s Omaxe Limited in the year 2006.

Rana further added that the plots were sold in 2007 and 2009, and around 500 allottees have constructed their houses in the township.

“The developer was issued a termination notice in 2011 for not complying with the terms and conditions of the agreement. The matter had remained unresolved for nearly 13–14 years”, she said.

The Chief Administrator further added that, keeping public interest in view, the state government, in the meeting of the Council of Ministers, has accorded approval to grant a three-year extension to the developer to ensure the completion of the pending development works. She further informed that the extension has been granted on specific terms and conditions, under which the developer has returned 60 acres of land to the authority/government.

“With this approval, Omaxe Limited will now take up all maintenance and development responsibilities in the township, thereby ensuring better services and amenities for residents,” she said.

The Chief Administrator added that with this decision, the long-pending issue now stands resolved, and residents of the township will greatly benefit from the completion and regular upkeep.