The Greater Noida Authority has greenlit Birla Estates and Floral Homes as co-developers for stalled projects in Sectors 10 and 1, bringing the total to nine under UP's rehabilitation policy. This step offers long-awaited relief to homebuyers stuck in limbo, backed by funds like SWAMIH's Rs 300 crore commitment, promising faster construction revival and possession.
Noida Authority’s co-developer policy enables financially stable builders to take over stalled projects by resolving legal disputes and paying 25% dues upfront, promising faster delivery and risk reduction for homebuyers while aiding authorities and banks in debt recovery.