35 stalled projects get boost as Noida Authority greenlights Developments

The Noida Authority on Friday held it’s 219th board meeting approving key infrastructure and development works. A major highlight of the meeting was the progress update on the implementation of the Amitabh Kant Committee recommendations. It was revealed that 35 real estate projects—constituting nearly 60 percent of all stalled projects—have benefited from the government’s special policy based on the committee’ report.

- DIPIKA KIROLA

According to officials, 57 stalled projects were reviewed, of which 35 developers have deposited 2528.13 crore by paying the mandated 25 per cent amount as per state government orders.

The authority also stated that 13 projects have made partial payments totalling 728.60 crore, while six projects have yet to comply with the prescribed conditions. In total, the authority has so far received 3556.73 crore.