Recent Supreme Court order may allow construction to begin on Unitech s stalled projects, but buyers are worried about where the developer will get funds. Noida Authority and Unitech board planning next steps for project completion and fund generation.
Noida Authority CEO Lokesh M on Thursday held a meeting with builders of commercial projects and sought to know about the hindrances coming in the way of clearing dues.
Noida Authority faces challenges as developers of only 14 out of 57 projects sign up for UP govt s rehab package. Slow progress in submitting dues affects flat registrations, despite efforts to expedite the process.
35 realtors in Noida have agreed to the rehabilitation package offered by the Noida Authority. This will lead to the registration of 3,412 flats and the recovery of Rs 552.5 crore in dues in the next two months. Find out more.
Nodal officer appointed by Noida Authority CEO to help realtors on relief in Noida. AK Singh has been appointed as the nodal officer for legacy housing projects that are stalled. Find out more about the appointment and the problems faced by developers.