India, June 16 -- The Noida authority board has given its approval to co-developer proposal for Supertech Limited's stalled housing projects, paving way for completion of delayed housing projects in the city.

The move comes after the realty firm "Apex" came forward to infuse funds and deliver the stalled housing projects of the Supertech Limited in Noida and other cities including Greater Noida, Yamuna City (a third city after Noida and greater Noida, where Supertech has projects), and others.

The proposal means that the co-developer will infuse funds, complete the flats, and deliver them, enabling the homebuyers to get their flats and benefit.

The Apex's proposal is under consideration in the Supreme Court that is likely to hear Super...