Government tries to auction flats to recover dues of Newtech Promoters, gets no takers
NOIDA: Four flats of Newtech Promoters and Developers up on auction to recover dues failed to attract any buyers. The auction was conducted last week by Sadar tehsil as part of recovery proceedings after the builder defaulted on payments worth Rs 5.7 crore. The flats were part of the La Galaxia project in Greater Noida. Despite prior announcements and notices, officials said no one turned up to bid for the flats on June 4, leading to the cancellation of the auction. “The builder was served repeated notices but failed to deposit the dues. As part of the recovery process, four…