Real estate regulator in Uttar Pradesh has asked realty firm Ajnara Realtech to complete its stalled housing project in Greater Noida, comprising nearly 600 flats, by June 2025.
The project 'Ajnara Le Garden Phase-3', located in Noida Extension (Greater Noida -West), was launched in 2014 but could not be completed. There are 585 flats in four towers in this project, of which 476 units have been sold to customers.
In a statement, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) on Monday said it has authorised Ajnara Realtech, the existing promoter of the Ajnara Le-Garden Phase-3 project, to complete the remaining construction.
The promoter has been given time till June 2025 to complete the remaining construction work and ensure possession of homes to 476 allottees, it said.
"UP-RERA, with a view to protect the interests of the allottees of a stuck project... authorised the existing promoter, Ajnara Realtech, to undertake the completion of the remaining construction and
