Financial institution Takes Over Nrda’s Nava Raipur Property After Mortgage Default | Raipur Information


Raipur: Chhattisgarh’s swanky new capital, Nava Raipur, is now in focus for all of the improper causes after Union Financial institution of India took ‘symbolic possession’ of a defaulter property of Naya Raipur Growth Authority (NRDA) after it didn’t repay a mortgage of Rs 317.79 crore.
The embarrassment has sparked a disagreement between opposition the BJP and the ruling Congress.
Union Financial institution of India’s mid-corporate department issued a public discover in newspapers on taking symbolic possession of two.659-hectare land of NRDA after issuing a requirement discover on August 2 final yr, looking for compensation inside two months.
Developed as a greenfield state-of-the-art capital of Chhattisgarh, the concept Nava Raipur was conceived by the then chief minister Ajit Jogi instantly after the state was carved out of Madhya Pradesh in November 2000. The Raman Singh authorities, which dominated the state for 15 years, executed the capital venture and developed large-scale infrastructure to make it a well-planned metropolis for the long run. NRDA manages the affairs of the capital venture.
“That is the Congress get together’s Chhattisgarh mannequin, which goes down,” tweeted BJP vice-president and former CM Raman Singh, sharing a duplicate of the general public discover issued by UBI. “Now the financial institution is taking on authorities property for default of mortgage,: he stated, including that “every little thing will get mortgaged due to this authorities’s behavior of spending lavishly by availing loans”. Opposition leaders identified that the state authorities is already deep in debt because it has availed loans of greater than Rs 51,000 crore between December 2018 and October 2021.



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