Noida Authority Approves Nimbus Projects and Theme County Pvt. Ltd. to Complete Delayed Residential Projects, Ensuring Buyers’ Relief.

In a significant move to address stalled real estate projects, the Noida Authority has approved co-developer arrangements for two major developments in Noida under its co-developer policy. This decision is expected to expedite the completion of long-delayed projects, bringing much-needed relief to homebuyers and facilitating the authority’s pending dues collection.

Sunworld Residency Project Finds a New Co-Developer

In response to buyer requests, Noida Authority has appointed Nimbus Projects Limited as the co-developer for Sunworld Residency Private Limited’s project located at Plot No. GH1/C in Sector 168, Noida. The move aims to reinvigorate progress on the project, ensuring homebuyers can finally expect possession of their flats in the foreseeable future. The change in development responsibility is anticipated to bring fresh momentum, addressing buyer concerns over prolonged delays.

Sector 115 Ambience Group Project Secures Completion Partner

In a similar measure, Noida Authority has designated Theme County Private Limited as the co-developer for another stalled project by Ambience Group on Group Housing Plot No. 1, Sector 115. This appointment is seen as a strategic step toward overcoming the challenges that hindered the project’s completion, with a renewed commitment to hand over flats to anxious buyers.

Boost to Buyers and Authority’s Revenue Collection

The co-developer appointments represent a dual win for both the buyers and Noida Authority. While buyers stand to gain from the timely possession of their properties, the Authority will benefit from smoother collection of its outstanding dues related to these projects.

This proactive intervention by Noida Authority is part of its broader strategy to revive unfinished projects and ensure accountability within the real estate sector in Noida.