The Noida Authority cancelled the allotment of nearly 14,000 sq m of land to Docile Buildtech, a subsidiary of the Logix Group, due to non-payment of dues amounting to Rs 1.30 billion. The plot, located in Sector 143, had remained undeveloped for six years since its allotment, and was sealed after the company failed to respond to multiple notices.

In 2011, Logix Developers were allotted 1 lakh sq m of land in Sector 143 for a group housing project. A portion of this plot was subdivided and registered in favour of Docile Buildtech on October 30, 2018.

Noida Authority CEO, Lokesh M, stated that despite repeated notices, the company did not deposit the outstanding amount. He mentioned that a final 15-day notice was issued on October 22, but it was ignored. As a result, the allotment of 13,961 sq m was cancelled, and the registry was terminated.

Officials also revealed that a case had been filed against Docile Buildtech in the National Company Law Tribunal (NCLT), although insolvency proceedings had not yet been initiated. Logix Developers, too, are undergoing insolvency proceedings in the tribunal.

The Sector 143 plot was initially allotted at a rate of Rs 23,550 per sq m, totalling Rs 320 million. At the time of registration, the company paid Rs 30.2 million but failed to make any further payments. Over time, the outstanding amount, including penal interest, grew to Rs 1.30 billion. The current market value of the land is estimated at Rs 4.5 billion.

The Authority plans to re-allot the plot to a new developer to recover its revenue.

Last month, the Authority filed a complaint with the Delhi Police's Economic Offences Wing (EOW) against the promoters of Logix City Developers for unrealized dues and missed delivery timelines related to their Blossom Zest housing project in Sector 143.

The promoters—Devendra Mohan Saxena, Shakti Nath, Vikram Nath, and Meena Nath—are accused of creating third-party rights and misappropriating funds collected from homebuyers while failing to clear the Authority's dues.