India, Jan. 25 -- In a move that could bring relief to homebuyers, at least five real estate developers have paid a portion of their land dues and obtained permission for executing registries of 1084 apartments in Noida, officials in the authority in the know of the matter said.

The Noida authority has issued permission for registry after these developers on January 24 paid 25 percent of their total dues in accordance with the policy approved by the UP government on December 21, 2023. Under the policy the developers get waivers on penal interest for two years during the Covid-19 period and also for the period, when the construction work got disrupted due to court orders. After deducting the penal interest these five developers have paid ...