The government in Uttar Pradesh, India, is hoped to approve a co-development policy to revive stalled real estate projects in Noida and Greater Noida. The move follows a pilot project, which enabled the Hawelia Group to take over a 22-acre project and deliver more than 2,000 flats, paying Rs 175 crore dues to Greater Noida authority along with other payments. The region has 36 real estate projects in insolvency.
