Hindustan Times-Noida to draft a co-developer policy to revive delayed realty projects
The Noida authority on Saturday announced plans to formulate a co-developer policy aimed at reviving stalled housing projects, a move that could benefit thousands of homebuyers who have been awaiting completion of their apartments, officials said on Saturday. The decision was taken during a board meeting on Saturday, chaired by Uttar Pradesh chief secretary Manoj Kumar Singh at Noida authority’s Sector 6 headquarters, with key officials, including Noida authority CEO Lokesh M, Gautam Budh Nagar district magistrate Manish Kumar Verma in attendance.
The Noida authority board roped in two co-developers to restart the construction on two stalled housing projects by Sunworld Residency Private Ltd. in Sector 168 and Ambience Private Ltd. in Sector 115.
