ReaRCo Private Limited acquired KV Developers via the insolvency resolution process at the National Company Law Tribunal and obtained rights to complete the stalled KVD Wind Park in Greater Noida West. The institution secured funding from the SWAMIH Fund and plans reconstruction to deliver homes to about 400 existing buyers in the decade-old development. The action is framed as part of government efforts to revive stalled real estate projects.

Reconstruction on roughly 650 units across five under-construction towers began after approvals from the development authority and RERA were secured and work resumed in August 2024. About 40 buyers who chose to exit received refunds totalling Rs. 100 million (mn). The resolution plan cleared dues of about Rs. 350 million (mn) to financial institutions and Rs. 600 million (mn) to the development authority, making the project free of outstanding debts.

ReaRCo has received Rs. 1.955 billion (bn) from the SWAMIH Fund to complete construction and has utilised seventy-five per cent of those funds. The five towers are reported to be over 90 per cent complete and only fifteen per cent of units remain unsold, with work on the remaining two towers to follow. The firm estimates additional construction costs at Rs. 2.5 billion (bn) and projects sales of about Rs. 5 billion (bn).

Upgrades include a reduced unit mix in towers, a tower club with a terrace garden and rooftop café, an infinity swimming pool and valet parking, while commercial space has been consolidated at the base and the clubhouse enlarged. Vayu@KVD Wind Park occupies a five-acre site in Techzone-4 and comprises seven towers with about 850 units offering two, three, three point five and four bedroom layouts and commercial units. Ms Geetanjali Khanna, founder and managing director of ReaRCo, oversees the project drawing on nearly 34 years of experience in corporate and project management.