In a massive blow to real estate developers, the Yamuna Expressway Industrial Development Authority (YEIDA) has cancelled the building plans of 17 projects of six builders, including Jaypee group. According to sources in the authority, the building plans have been cancelled as they did not address objections raised by the authority. The move is likely to affect hundreds of home buyers too, who have made investments in these projects.
YEIDA had approved the layout plan but its planning department had raised certain objections in the building plans of these 17 projects, they added.
The builders did not submit the new