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In a landmark victory for homebuyers, the Sampada Livia project in Greater Noida has been revived after being stalled for a decade. The Greater Noida Industrial Development Authority (GNIDA) has granted the SLB Welfare Association, a body of homebuyers, permission to complete the project, making it a unique example of a citizen-led revival. This institutional support, sanctioned under the Uttar Pradesh government's new Legacy Stalled Real Estate Projects Policy, provides a lifeline for hundreds of families who invested in the project. The association, after years of legal battles that reached the Supreme Court, has taken control of the construction and aims to deliver the long-awaited flats by 2026.
After a decade of legal turmoil and construction delays, the Sampada Livia housing project in Greater Noida is finally back on track. The Greater Noida Industrial Development Authority (GNIDA) has granted the SLB Welfare Association, a determined group of homebuyers, approval to complete the project themselves. This decisive move, which signifies a major win for consumer power in the real estate sector, comes as part of the Uttar Pradesh government's Legacy Stalled Real Estate Projects Policy. Advertisement
The project's long and troubled history began in 2011, with the initial allotment to PSA Impex Private Limited. Over the years, it was plagued by developer changes, alleged financial irregularities, and a complete cessation of work. In an audit conducted by the GNIDA, it was revealed that the developer had allegedly diverted INR 47 crore of homebuyers' funds, a discovery that deepened the crisis. With many buyers having paid over 80-90% of the flat cost, they were left in limbo with neither possession nor a clear path forward.
Unwilling to give up, the buyers formed the SLB Welfare Association and took their fight to various legal forums. Their persistent efforts led to a groundbreaking decision by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) in 2020, which officially handed over control of the remaining construction to the association. This was the first time a buyers' body in the state was formally recognized as a project's executor. The association's legal victories, including a favorable ruling from the Supreme Court, solidified their control and paved the way for the project's revival.
With the GNIDA's latest approval, the association can now extend map validity and secure permission to mortgage (PTM), which will allow their members to get the necessary loans. Construction, which resumed in January 2023, is now advancing steadily. The 6-acre project, which includes 10 towers and a total of 726 units, has seen significant progress, with two towers already nearing completion. The SLB Welfare Association has set a target of 2026 for the delivery of flats, offering a glimmer of hope to the hundreds of families who have waited for more than a decade to get their homes.
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