Prayagraj launches OTS program for defaulters to clear dues
PRAYAGRAJ: The Prayagraj Development Authority (PDA) has introduced a significant relief measure for numerous allottees in its housing and plot schemes by launching the One-Time Settlement (OTS) scheme aimed at clearing long-standing dues. Officials report that 317 defaulters owe a total of approximately Rs 41 crore. These defaulters are individuals who acquired flats or plots but have not adhered to their payment instalments. As a result, interest has accumulated, with some cases seeing the compounded interest nearly matching the original property costs. In many instances, the plot registries were completed, but the freehold processes remained incomplete, which caused further delays…