Yamuna Expressway Authority cancelled allotment of 1,000 hectares of land that has F1 Circuit to Jaypee group
Shortpedia
Content Team
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Jaypee lost 1,000-hectare land that has F1 Circuit. The Yamuna Expressway Authority said that only Formula One motor racing circuit is built-in Greater Noida over non-payment of dues. This decision was taken during its 66th Board meeting. The group defaulted on payments of over Rs 500 crore. The land was allocated to Jaypee Sports Limited, an affiliate of the Jaypee group, in YEIDA’s special economic zone.
