According to a rough estimate, there are around 2.4 lakh stressed housing units in the Noida and Greater Noida region, of which around 1.2 lakh flats are yet to be delivered. Possession has been given for the remaining 1.2 lakh units, but registries are still pending.
NBCC has completed 12 Amrapali projects in Noida and Greater Noida. Close to 6,000 units have been sold in the erstwhile Amrapali Group with a sale value of close to Rs 3,500 crore, officials said.
It has started the deregistration process against 15 percent of the projects as have made on progress, MahaRERA has told the Centre s RERA subcommittee
A total of 431 infrastructure projects in India, with investments of over Rs 150 crore each, experienced cost overruns of more than Rs 4.82 lakh crore in December 2023, according to a report by the Ministry of Statistics and Programme Implementation. Out of 1,820 projects, 848 were delayed.