UP government has a 'zero' plan to revive stalled projects in Noida, Greater Noida.
UP government has a 'zero' plan to revive stalled projects in Noida, Greater Noida.
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The Uttar Pradesh government is considering a rehabilitation package.
The Uttar Pradesh government is considering a rehabilitation package.
For stalled real estate projects to assist homebuyers.
The package, based on recommendations by an expert committee
Includes granting a four-year 'zero period' to developers
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Allowing collaboration between the original allottee and a co-developer
Allowing collaboration between the original allottee and a co-developer
And waiving interest payments and penalties on default.
If the concessions under the zero-period policy are implemented
Noida Authority would have to forgo around Rs 7,400 crore.
And the Yamuna Expressway Authority would lose out on around Rs 1,000 crore.
And the Yamuna Expressway Authority would lose out on around Rs 1,000 crore.