Noida Authority has cancelled the land allotment to Docile Buildtech Pvt Ltd, a subsidiary of Logix Group, due to the company’s failure to pay outstanding dues amounting to Rs 130 crore. The 13,961 sqm plot in Sector 143, which had remained unused for six years, was sealed after the company ignored multiple notices from the Authority demanding payment.
Originally allotted to Logix Developers in 2011 for a group housing project, the plot in Sector 143 was subdivided, with a portion of it registered in favor of Docile Buildtech in October 2018. Despite several reminders from the Noida Authority, including a final 15-day notice issued on October 22, the company failed to clear the dues. This led to the cancellation of the land allotment and termination of the registration. Noida Authority CEO, Lokesh M, confirmed that the company had not made any payments beyond an initial Rs 3.2 crore, and the outstanding amount had ballooned to Rs 130 crore, factoring in penal interest. The plot, which was initially allotted at Rs 23,550 per sqm (totaling Rs 32 crore), now has an estimated market value of Rs 450 crore.
In addition to the land issue, Docile Buildtech faces a legal battle in the National Company Law Tribunal (NCLT), where Logix Developers is undergoing insolvency proceedings. No formal insolvency action has been taken against Docile Buildtech yet, but the case remains under review. The Noida Authority has signaled plans to re-allot the plot to a new developer in order to recover the dues. This is not the first time Logix Group has faced issues with the Noida Authority. Last month, a complaint was filed with the Delhi Police’s Economic Offences Wing (EOW) against Logix City Developers’ promoters over unrealised dues and delayed housing project deliveries, further escalating concerns about the company’s financial stability. With Noida Authority taking a firm stance on unpaid dues, this cancellation serves as a clear message to developers who fail to honor their commitments, while also making way for new opportunities in the city’s growing real estate sector.
