Real Estate | Property Investment

The Noida Authority confronts hurdles as only 14 out of 57 project developers sign up for the government's rehab package. When the package, based on recommendations from a panel led by former bureaucrat Amitabh Kant, was released in December, the Authority had identified 57 projects that were past due. Of these 57, the builders of 35 projects, totaling 13,639 units, agreed to the government arrangement. On December 21, last year, the state government announced a rehabilitation plan for halted projects. The Noida Authority then listed 57 such projects and convened their developers for a meeting.

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