The decision will impact around 190 group housing projects across Noida and Greater Noida where developers are yet to clear dues amounting to around Rs 32,000 crore while over one lakh flats are yet to be delivered to buyers, according to official estimates.
Get latest articles and stories on Latest News at LatestLY. The Greater Noida Authority's Board on Tuesday adopted the Uttar Pradesh government's order for implementing recommendations of the Amitabh Kant Committee on real estate projects, in a move aimed at helping buyers get homes soon and builders complete stuck projects. Latest News | Greater Noida: Decks Clear for Homebuyers' Registry, Benefits to Builders in Stuck Projects.