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.
Emaar MGF's 'The Avenue' residential project in Chennai receives completion certificate for 7 of the 232 units. This 14-acre project includes a clubhouse and amenities.
Builders face no penalties for late flat delivery if the contract lacks a specified completion date, a consumer commission ruled.