Trying to resolve stalled hsg project issue in Noida, Gr Noida: UP minister

Builders like Amrapali, Jaypee Infratech and Unitech have defaulted in delivering projects, causing huge distress to thousands of homebuyers whose money has been stuck for about a decade

The Uttar Pradesh government is trying to resolve issues pertaining to stalled projects in areas such as Noida, Greater Noida in order to protect the interest of homebuyers who did get possession of their flats, the state’s industrial development minister Satish Mahana said on Thursday.      

"We are trying to resolve the issue... Last week, we held a high-level meeting. We have given directions...To protect buyers interests, we have taken steps and we are trying, so that maximum issues can be resolved," he said, adding that the government has received proposals such as pledging of units with the authority