GNIDA Allows Partial Occupancy For Stalled Noida Projects
Real Estate

GNIDA Allows Partial Occupancy For Stalled Noida Projects

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.

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.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->