<p>The Goa government has terminated allotment of a plot worth Rs.90 crore to Delhi Leasing and Finance (DLF), a New Delhi-based real estate company, the Goa legislative assembly was told Wednesday.<br /><br /></p>.<p>Chief Minister Manohar Parrikar told the house that the Economic Development Corporation (EDC), a government-run finance corporation, had terminated lease agreements with five lessees, including DLF.<br /><br />In October last year, the EDC had issued a show-cause notice to DLF, which was allotted an 18,500 sq m plot for Rs.90 crore to set up a mall at the capital's Patto, a trade centre which is being billed by the Goa government as the "Manhattan of Panaji".<br />While the plot allotment was made in 2007, the lease agreement dictated that the plot had to be utilized within three years of being allotted.<br /><br /> After the three-year term expired, DLF was given a two-year extension to start construction, but the required construction was not carried out.<br /></p>
<p>The Goa government has terminated allotment of a plot worth Rs.90 crore to Delhi Leasing and Finance (DLF), a New Delhi-based real estate company, the Goa legislative assembly was told Wednesday.<br /><br /></p>.<p>Chief Minister Manohar Parrikar told the house that the Economic Development Corporation (EDC), a government-run finance corporation, had terminated lease agreements with five lessees, including DLF.<br /><br />In October last year, the EDC had issued a show-cause notice to DLF, which was allotted an 18,500 sq m plot for Rs.90 crore to set up a mall at the capital's Patto, a trade centre which is being billed by the Goa government as the "Manhattan of Panaji".<br />While the plot allotment was made in 2007, the lease agreement dictated that the plot had to be utilized within three years of being allotted.<br /><br /> After the three-year term expired, DLF was given a two-year extension to start construction, but the required construction was not carried out.<br /></p>