Greater Noida Industrial Development Authority is withdrawing benefits from defaulting builders to revive stalled projects, having recovered Rs 1,382 crore. The authority has hired Currie and Brown for physical assessments of projects, categorizing them based on payment status and legal standing to determine the next course of action.
Dues not paid under rehab policy, Greater Noida authority to crack down on builders
December 11, 2025December 11, 2025|
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Noida authority restores rehab policy benefits to Sikka Infrastructure cancelled over ₹252 crore duesNoida authority restores rehab policy benefits to Sikka Infrastructure cancelled over ₹252 crore dues
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Noida Authority granted in-principle approval to Sikka Infrastructure for legacy stalled project benefits for its Sikka Karnam Greens project. This relief is contingent on the builder withdrawing a pending revision