India, June 24 -- Two hundred homebuyers in the stalled Lotus Boulevard Espacia project in Noida Sector 100 can now get home registry as the developer Cloud 9 Projects has paid Rs.21 crore land cost dues under a state policy in which realty firms can get interest waivers if they pay 25% of total dues upfront.

The housing project was built on 10 acres of land, and the lease deed was signed in June 2009. It was supposed to be completed by June 2016 but got delayed due to non-payment of dues and legal issues. The project has eight towers with 606 flats. In March 2016, five towers (366 flats) got partial occupancy, and 320 flats have been registered. But two towers with 168 flats, and 46 unregistered flats from earlier towers, are still pend...