Greater Noida, Aug. 13 -- The Greater Noida authority will issue partial occupancy certificates (OCs) to housing projects that have cleared 25% of their recalculated land cost dues under the Uttar Pradesh government's December 21, 2023 policy for legacy stalled projects, officials said on Tuesday.

The move is expected to benefit thousands of homebuyers in long-delayed projects, allowing them to take possession and execute the registry of their flats while the remaining 75% dues are paid over the next three years, officials said.

Authority officials said the decision will initially cover at least 37 apartment societies whose developers have already deposited one-fourth of their net dues and obtained a no-dues certificate (NDC). "We will ...