Yamuna Authority officials say that developers may have to make some payment to apply for the OTS scheme. He says that the purpose of this scheme is to ensure that flat buyers also get the benefit of the OTS scheme. An official said that it will also benefit those homebuyers who have been waiting for their flats for a long time. If the builders apply for the OTS scheme, then they will be exempted from penal interest on the outstanding amount. Flat buyers will also get the benefit of this.
Benefits of zero period policy
Also, the interest charged during the zero period can also be waived. Zero period is the time when construction was halted due to disputes. This happened due to a dispute between the authority and the farmers. A meeting of three industrial development authorities can be held in this regard. Earlier, Industrial Development Commissioner Manoj Kumar Singh had asked for a detailed report on stalled housing projects and dues of developers.