India, Dec. 7 -- In a major relief for thousands of homebuyers awaiting possession since 2014, the Supreme Court has directed the Noida Authority to issue conditional occupancy certificates for housing projects in Sector 150 under the Sports City scheme, and to allow registries wherever developers have complied with building norms.In its order dated November 24, a bench of Justices MM Sundresh and Satish Chandra Sharma accepted a comprehensive resolution plan submitted by the Noida Authority for the Sector 150 Sports City project. The land was originally allotted to Lotus Green Constructions Pvt Ltd (LGCPL), which later sub-leased it to 24 developers. Spread across 300 acres, the project comprises nearly 20,000 housing units.The resolutio...
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