The Greater Noida Authority has issued recovery certificates (RCs) against promoters of 13 stalled housing projects for failing to clear 75 per cent of their outstanding dues. The builders have also been slapped with a 20 per cent penalty, with the Authority considering further action, including sealing their properties.The 13 projects fall under the Legacy Project Policy, introduced by the Uttar Pradesh government in December 2023 on the recommendations of the Amitabh Kant Committee to revive stalled real estate projects and provide relief to homebuyers.The Authority has commissioned expert agency Currie & Brown to survey all 13 projects.
The survey will assess the number of homebuyers in each project, the amount they have paid, the outstanding dues owed by the builders and the current status of construction. Further action will be decided based on the findings.According to the Authority, the promoters of these 13 projects had initially deposited 25 per cent of their outstanding dues but failed to pay the remaining 75 per cent.
The Authority subsequently imposed a 20 per cent penalty and issued recovery certificates against them. The administration can now initiate legal proceedings to recover the outstanding amounts.
However, the latest action does not come with any timeline for completing construction or handing over flats to homebuyers.98 PROJECTS COVERED UNDER LEGACY POLICYA total of 98 builder projects in Greater Noida fall under the Legacy Project Policy. The Greater Noida Authority had issued demand notices to builders of 85 projects, asking them to deposit the initial 25 per cent of their outstanding dues.
Of these, the initial 25 per cent payment has been deposited either fully or partially for 73 projects. This does not mean that all 73 projects have deposited the entire initial amount.
These 73 projects comprise around 75,000 flats.Greater Noida Authority CEO NG Ravi Kumar had apprised the Authority's board meeting of the progress made under the scheme.REGISTRATIONS COMPLETED FOR 40,123 FLATSOne of the key objectives of the Legacy Project Policy is to facilitate flat registrations for homebuyers who have been waiting for years because of builders' outstanding dues and other hurdles.In a reply to the Rajya Sabha on March 9, 2026, the Union Ministry of Housing and Urban Affairs, citing information provided by the Greater Noida Authority, stated that 40,123 booked flats across the 98 projects had been registered in the names of homebuyers.Of these, 20,035 registrations took place after the implementation of Uttar Pradesh's Legacy Project Policy.WHEN WILL HOMEBUYERS GET POSSESSION?The survey of the 13 projects is expected to provide a clearer picture of their construction status, the number of affected homebuyers and the outstanding dues. Based on its findings, the Authority may take further steps to recover the money, including sealing the builders' properties.For homebuyers, however, the key concerns remain the completion of construction, possession of their flats and registration.
No definite timeline has yet been announced for completing these 13 projects or handing over the flats to buyers.- EndsInputs from Aaditya Rana