Greater Noida Industrial Development Authority (GNIDA) now issues partial occupancy and completion certificates to developers under UP's rehabilitation policy. Those paying 25% upfront plus more get proportional certificates, like 40% payment for 40% units, unlocking possession for ready homebuyer flats stuck in delays. This boosts stalled project revival and buyer relief in NCR.
UP RERA has removed 22 stalled projects, including Lucknow's The Citadel and Emerald Mall, from its abeyance list. This clears the way for construction to resume on 8,856 units across seven districts, bringing relief to homebuyers stalled by missing documents like land records and maps. The move boosts trust and economy.
In a significant ruling, the Supreme Court has ordered the Noida Authority to grant conditional occupancy certificates for six residential towers in the Godrej Nest project within six weeks. This decision stems from a petition by Brick Rise Developers contesting an Allahabad High Court verdict on alleged irregularities in the Lotus Green Sports City development, bringing much-needed relief to...