In a major move against defaulting real estate developers, the Greater Noida Authority has initiated recovery proceedings against 14 builders for unpaid dues of nearly ₹315 crore. The action, which could lead to property attachment, impacts more than 9,200 homebuyers awaiting possession or registration of their homes in long-delayed projects.

Recovery Certificates (RCs) have been issued against the developers, and officials warned that their properties could be attached if the outstanding amounts are not cleared, according to a report by millenniumpost.in.

The move comes as part of the implementation of the recommendations of the Amitabh Kant committee, constituted to resolve issues affecting stalled residential projects and distressed homebuyers in the National Capital Region.

The Uttar Pradesh government adopted the recommendations in February 2024, enabling developers to revive projects and obtain registration approvals by depositing 25 per cent of their outstanding dues.

According to authority officials, 98 projects in Greater Noida fall under the committee’s framework, impacting over 60,000 homebuyers. So far, 84 developers have availed themselves of the scheme and deposited approximately Rs 1,592.7 crore, paving the way for registrations and progress in long-delayed projects.

However, despite repeated notices and extensions, 14 developers failed to clear their dues or take advantage of the relief measures. Recovery proceedings have now been initiated against firms including SJP Infracon, SDS Infratech, Intellect Promoters, Niwas Promoters, BS Buildtech, Newtech La Palacia, Earthcon Construction, Vihaan Developers, Rajhans Infratech, Ideal Realty Solutions, Town Park Buildcon and Dhanya Promoters.

Officials said the largest number of affected buyers are associated with SPJ Infracon, where 2,406 allotted homes remain pending. Projects by Hebe Infrastructure, Niwas Promoters, BS Buildtech and JKG Construction have also witnessed substantial delays.

Greater Noida Authority ACEO Soumya Srivastava said stringent recovery measures were initiated after developers repeatedly failed to make payments despite being given multiple opportunities.