Greater Noida Authority grants approval to Sobha Ltd, Opaa Realty, and Swarnim Buildhome LLP to complete three decade-old stalled housing projects in various sectors.
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.