India, March 30 -- The Yamuna Expressway industrial development authority (Yeida) on Friday said that it will offer waivers on interest imposed on the realty firm SDS Group that has delayed the delivery of the project, thereby causing distress to the homebuyers.

The Yeida will offer waivers as per the provisions of the Uttar Pradesh government's December 21, 2023 policy meant for the "stalled legacy" housing projects.

"We are trying to provide relief to homebuyers. We will do recalculation of the developer's dues using the provisions of the state government's rehabilitation package for stalled projects, giving a two-year zero period due to the Covid pandemic. We want to do this so that the homebuyers get benefited and get possession and...