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A meeting of senior officials last week also discussed partial surrender of projects to recover dues and introduction of zero period of four years. The state cabinet will take a final decision after consulting the Centre.
Relief measures and concessional interest on payments would result in development authorities forgoing a portion of the amount builders owe them.
Close to 60 developers have projects that are running late but few of them have fulfilled this obligation
The Authority aims to recover around Rs 468 crore dues through the scheme, which includes waiving off penal interest on the defaulted amount and additional compensation charges.
According to a survey commissioned by UPRERA, there are as many as 45,000 units where buyers have taken possession without registering their ownership, and 1,25,000 units where neither has possession been taken nor has the registry been done.