UP Government's Relief For Builders, Homebuyers

Uttar Pradesh announced major relief measures for the real estate sector, announcing that interests and penalties will be waived off for the entire COVID-19 period. This will help builders complete several stalled projects, stuck due to lack of funds, and pave the way for flat registrations, which are on hold in several housing societies in Noida. Even as this raises hopes of homebuyers, several people say, implementation of the measures is key.