UP unlocks major relief for realtors in Noida

The UP cabinet approved relief measures for real estate projects in the state. These measures include a Covid ‘zero period’ recommended by an expert committee led by Amitabh Kant. The zero period relief will wipe out interest and penalty from dues owed by developers to the government. The approval also means that registries for homebuyers can now begin. The cabinet’s decision shows the government’s intention to resolve the deadlock between realtors and authorities.