A CAG audit has raised alarms over multiple land allotment schemes linked to Greater Noida, citing irregularities in pricing, acquisition, and allotment. The report claims these lapses led to significant losses to the exchequer and also pushed end users into misery, beyond controversies around “sports city” projects.
Nearly eight years after launch, Godrej Golf Links in Greater Noida—promoted as an upscale European-style getaway—has left buyers waiting. Only a small portion of the 2,000-plus homes have been handed over, while possessions remain stuck. Families now fear delays will worsen as a CAG report looms and paper prices rise without delivery.
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ReaRCo Private Limited has acquired KV Developers via the insolvency process, offering relief to around 400 homebuyers in Greater Noida. The firm secured Rs 195 crore from the SWAMIH Fund to restart work on a stalled project. Construction is now underway on five towers, and dues to lenders and the development authority have been cleared, with possession expected by year-end.
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