RG Luxury Homes project in Gautam Buddh Nagar district, Greater Noida West, has received the occupancy certificate after facing insolvency and a fund crisis. The project, delayed since 2010, is now offering possession to buyers of 800 flats. The project serves as a beacon of hope and an example for other stuck projects in Karnal, Ghaziabad, and Noida.
The 18-acre project, RG Luxury Homes, in Greater Noida West was launched in 2010 with an initial deadline of 2014. Facing delays, the construction work was stalled in 2016 due to a fund crisis.
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As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC (India) Ltd.