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Here's what you need to know about Noida, Greater Noida's proposed co-developer policy for stalled p

In what could be described as killing two birds with one stone, the Noida and Greater Noida Authorities - which manage the two satellite cities of Delhi - are contemplating introducing a co-developer policy by way of which hundreds of legacy real estate projects that are stalled in the twin cities will get the requisite funds to pay up the pending land costs to the authorities on account of which registries have come to a halt, and stuck projects will finally get completed.

The proposed policy may benefit lakhs of homebuyers who have been waiting to get their flats registered for years. Homebuyers, builders and legal experts say that the move is 'much needed' to resolve homebuyers’ issues but it should be brought in in earnest to ensure that more dues do not pile up, making the projects unviable.

Read more at Moneycontrol

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