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Builders in Noida get extension till Dec 2021 to complete pending projects

According to the zero period policy, announced last December, builders will be exempted from paying penal interest on outstanding land dues for the number of years their projects were stuck

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The board meeting was chaired by Alok Tandon, commissioner of infrastructure and industrial development, and chairman of three different authorities of Gautam Buddh Nagar.

Press Trust of India Noida (UP)

2 min read Last Updated : Aug 19 2020 | 12:12 AM IST

The Noida Authority on Tuesday extended the deadline for over a dozen builders to complete the pending projects here by December 31, 2021 under its ''zero period'' policy, an official statement said. These builders had earlier assured delivery of homes by the end of June 2021.

The decision was approved during the 199th Board Meeting of the Noida Authority in the wake of Covid-19 situation.

According to the zero period policy, announced last December, builders will be exempted from paying penal interest on outstanding land dues for the number of years their projects were stuck.

However, the policy was applicable

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