Stalled Project, Bankrupt Builder? Experts Reveal Solid Plans for Homebuyers to Get Flats

• Many real estate projects in NCR, including Noida, Greater Noida, and Ghaziabad, have been stalled due to builder bankruptcy or fund flow issues, leaving homebuyers in limbo.
• Reasons for stalled projects include development authority dues, declining sales, rising construction costs, and lack of funding from banks or NBFCs, often leading to RERA complaints and NCLT cases.
• Experts highlight several revival methods: the co-developer policy (new developer takes over), company takeover (acquiring the old developer's firm), and management change for operational efficiency.
• RERA Sections 8 & 15 allow for project rehabilitation by authorizing other promoters or allottee groups, successfully completing projects like JP Calypso Court and Vasundhara Grand.
• New avenues like reverse insolvency (e.g., RG Luxury Homes) and alternative funding from private funds (like SGRE Fund) are helping revive economically viable but unfunded projects.

Why It Matters: Homebuyers in stalled projects have multiple expert-backed strategies to pursue completion and possession.