India, Aug. 25 -- The Department of Town and Country Planning (DTCP) has cancelled the affordable housing licence granted to Ocean Seven Buildtech Pvt. Ltd. for developing a 5.4125-acre affordable group housing project in Sector 69, Badshahpur, citing non-renewal of the licence, failure to carry out construction within the stipulated period and non-payment of external development charges (EDC) despite repeated notices.

Arun Yadav, who represents the developer, said the company would challenge the cancellation. "OSB Pvt. Ltd. intends to challenge the cancellation orders passed by the DTCP, being arbitrary, unlawful, and contrary to the applicable statutory provisions and principles of natural justice," he said.

Praveen Chauhan, district ...