Greater Noida: Reverse Insolvency Secures Homes for 1918 Families After Builder Bankruptcy

• Reverse insolvency allows bankrupt builders to complete stalled projects under strict supervision, offering hope to homebuyers.
• This model, supported by the Supreme Court, differs from standard insolvency by focusing on project revival rather than builder removal.
• In Greater Noida, the RG Luxury Homes project is delivering flats to 1918 families using reverse insolvency after being stalled since 2019.
• All 1918 units across various towers have received Occupancy Certificates, with construction restarting in Oct 2021 and completing in two years.

Why It Matters: Reverse insolvency delivers homes to buyers in stalled projects.