India, Oct. 8 -- The Noida authority has decided to undertake tough action against the defaulter developers who have failed to implement the recommendations made by the Uttar Pradesh government's policy meant for the stalled housing projects.

There are hardly any developers left out of 57 who have used the provisions of this policy properly to deliver justice to thousands of homebuyers. A total of 3,724 registries have taken place so far, and at least 5,758 apartments' registries could not be done due to the realtors' financial defaults in clearing land cost dues.

"As most of the developers are not paying dues as per the rules of the UP government policy for stalled housing projects, the authority will take stern action as per the terms...