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The Noida Authority has extended its rehabilitation policy for stalled real estate projects, allowing developers who have not yet deposited 25% of recalculated dues to continue availing benefits. Out of 57 projects covered, builders have deposited Rs 561 crore so far, enabling partial registrations for 4,134 flats. Cases will be reviewed individually, with no blanket relief. The move aims to revive stalled projects while protecting homebuyer interests.
Background: The Rehabilitation Policy
The Uttar Pradesh government had introduced the Noida Authority rehabilitation policy in December 2023 to revive legacy stalled projects in the city. Under this policy, developers were required to deposit 25% of recalculated dues to unlock benefits, including the facilitation of project registrations and approvals. The initiative aimed to accelerate project completion while safeguarding the interests of homebuyers who have been awaiting possession for years.
Initially, the Authority had considered withdrawing benefits from developers who failed to deposit the 25% amount. However, following extensive deliberations, the board opted to maintain the policy and examine non-compliant cases individually.
Policy Extension and Developer Eligibility
No blanket relief is being provided under the extended Noida Authority rehabilitation policy. According to Authority CEO Lokesh M, requests from builders who have not deposited the 25% dues will be reviewed on a case-by-case basis. The board will approve any additional concessions, ensuring that no automatic restoration of benefits occurs. This approach balances developer flexibility with accountability, safeguarding the interests of homebuyers.
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Current Status of Projects and Payments
The board’s agenda listed 57 projects under the policy, excluding those of Amrapali, Unitech, and cases pending before the National Company Law Tribunal (NCLT). Of these, 36 projects have deposited the full 25% dues, 11 projects paid partial amounts, four developers consented without making any payment, and six neither consented nor deposited any dues.
So far, developers have deposited ₹561 crore towards the 25% dues and partial payments, while total collections, including instalments, stand at ₹872 crore. The Noida Authority rehabilitation policy thus continues to support projects with varying compliance levels, while prioritizing completion and homebuyer security.
Challenges and Legal Considerations
Several projects remain entangled in litigation, NCLT proceedings, or state government revisions. In such cases, benefits under the Noida Authority rehabilitation policy will be considered only after disputes are withdrawn or resolved. The Authority also recalculates dues in line with government orders accounting for Covid-related disruptions and National Green Tribunal (NGT) construction bans.
Registration of Flats and Current Progress
Out of 21,034 unregistered flats across the 57 projects, the Authority approved registration for 6,855 flats after the 25% deposit requirement. However, only 4,134 registrations, roughly 60% of the eligible stock, have been completed so far. Regular registration camps and developer meetings are ongoing, but poor response from flat buyers has slowed the pace, highlighting the need for active stakeholder engagement.
Impact on Homebuyers and Developers
The continuation of the Noida Authority rehabilitation policy provides hope for homebuyers, ensuring stalled projects remain on track for completion. For developers, it offers an opportunity to revive stalled assets without losing policy benefits, provided they comply with board directives. The case-by-case evaluation ensures fairness while motivating developers to expedite project completion.
Conclusion
By keeping the Noida Authority rehabilitation policy active, the board strikes a balance between developer flexibility and homebuyer protection. While compliance remains critical, the policy provides a structured path to complete stalled projects, address legal hurdles, and facilitate registration. As the policy unfolds, it is expected to accelerate project deliveries, restore buyer confidence, and bring stalled residential developments in Noida back on track.
Ans 1. The policy, introduced in December 2023, aims to revive stalled real estate projects in Noida by allowing developers to deposit 25% of recalculated dues to unlock benefits like project registrations and approvals.
Ans 2. The Authority extended the policy to allow developers who have not yet deposited 25% of dues to continue availing benefits, with each case being reviewed individually to balance developer flexibility and homebuyer protection.
Ans 3. Currently, 57 projects are covered, excluding Amrapali, Unitech, and cases pending before the National Company Law Tribunal (NCLT).
Ans 4. Developers have deposited ₹561 crore towards the 25% dues and partial payments, with total collections including instalments amounting to ₹872 crore.
Ans 5. Out of 21,034 unregistered flats, registration has been approved for 6,855 flats, and around 4,134 flats (approximately 60% of eligible flats) have been completed so far.
Ans 6. No, the extension does not provide blanket relief. Requests from developers who have not deposited 25% dues are reviewed on a case-by-case basis.
Ans 7. The policy ensures stalled projects remain on track for completion, facilitates flat registration, and restores confidence by holding developers accountable for project delivery.
Ans 8. Yes, projects entangled in litigation, NCLT proceedings, or government revisions will only be considered under the policy once disputes are resolved or withdrawn.
Ans 9. The policy is expected to accelerate project completion, revive stalled developments, restore buyer confidence, and provide developers a structured path to comply and deliver projects efficiently.