GNIDA Allows Partial Occupancy For Stalled Noida Projects

07 Nov 2025 CW Team

The decision is expected to benefit thousands of buyers who have been waiting for their homes for years, as well as developers struggling with long-delayed projects in the Greater Noida region.

According to the new directive, developers who have deposited one-fourth of their recalculated dues — including the two-year zero period granted during the Covid-19 pandemic — and made subsequent payments towards the remaining balance, will now be eligible for occupancy and completion certificates in proportion to the payments made.

This change will help facilitate possession for buyers and reduce procedural delays that have hampered project delivery.

Under the rehabilitation policy notified in December 2023, developers were required to pay 25 per cent of their revised dues upfront, with the balance payable in instalments. The initial payment enabled them to obtain a No Dues Certificate (NDC), allowing construction to resume.

However, several projects remained stalled due to bureaucratic hurdles, as multiple no-objection certificates (NOCs) from government departments were required before further payments could be processed. Missing payment deadlines often rendered developers ineligible for subsequent NDCs, effectively halting progress.

The issue was taken up by the Confederation of Real Estate Developers’ Associations of India (CREDAI), NCR and Western Uttar Pradesh chapters, urging GNIDA to ease restrictions for compliant developers.

The latest decision addresses these concerns by allowing partial clearances tied to payment progress, which will enable both buyers to take possession and developers to generate liquidity through sales.

Officials said the move will also improve the Authority’s financial recovery, ensuring stalled projects return to the construction pipeline while protecting the interests of homebuyers and builders alike.

In a major relief for homebuyers and developers, the Greater Noida Industrial Development Authority (GNIDA) has announced that it will grant partial occupancy and completion certificates to developers who have made advance payments under the Uttar Pradesh government’s rehabilitation policy for stalled real estate projects. The decision is expected to benefit thousands of buyers who have been waiting for their homes for years, as well as developers struggling with long-delayed projects in the Greater Noida region. According to the new directive, developers who have deposited one-fourth of their recalculated dues — including the two-year zero period granted during the Covid-19 pandemic — and made subsequent payments towards the remaining balance, will now be eligible for occupancy and completion certificates in proportion to the payments made. This change will help facilitate possession for buyers and reduce procedural delays that have hampered project delivery. Under the rehabilitation policy notified in December 2023, developers were required to pay 25 per cent of their revised dues upfront, with the balance payable in instalments. The initial payment enabled them to obtain a No Dues Certificate (NDC), allowing construction to resume. However, several projects remained stalled due to bureaucratic hurdles, as multiple no-objection certificates (NOCs) from government departments were required before further payments could be processed. Missing payment deadlines often rendered developers ineligible for subsequent NDCs, effectively halting progress. The issue was taken up by the Confederation of Real Estate Developers’ Associations of India (CREDAI), NCR and Western Uttar Pradesh chapters, urging GNIDA to ease restrictions for compliant developers. The latest decision addresses these concerns by allowing partial clearances tied to payment progress, which will enable both buyers to take possession and developers to generate liquidity through sales. Officials said the move will also improve the Authority’s financial recovery, ensuring stalled projects return to the construction pipeline while protecting the interests of homebuyers and builders alike.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..