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.
Revenue officials will auction 13 Holy Faith Builders properties in Ernakulam to recover Rs 42 crore owed to demolished Holy Faith H2O apartment owners, following Supreme Court directives.
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.
UP RERA coordinates meetings across 18 stalled projects to expedite 10,000+ units through coordinated developer-buyer-institution dialogues, implementing co-development frameworks to break legal-financial logjams.
Bhiwadi's real estate market stagnates with a 76% drop in new residential launches since 2019, fueled by poor infrastructure, pollution, and high land costs, contrasting sharply with Jaipur's growth.
SWAMIH Fund grants ₹164 crore to Capital Infratechomes for a Greater Noida project, impacting 900 homebuyers and aiming for October 2021 completion.
Finance Ministry plans to bolster the real estate sector by facilitating bank loans for builders with stalled residential projects, aiming to revitalize the sector and stimulate economic growth.