New Delhi, Feb. 5 -- The Supreme Court has approved the completion of 16 stalled housing projects in the Delhi-NCR region that were originally to be developed by Supertech between 2010 and 2012, and directed that the projects be handed over to the state-owned NBCC.

The Court has asked NBCC to complete the construction within a fixed timeline of up to three years, providing major relief to nearly 50,000-51,000 homebuyers who have been waiting for possession for over 15 years.

Upholding the December 2024, decision of the National Company Law Appellate Tribunal (NCLAT), a bench led by the Chief Justice of India (CJI) observed, "We find that the order passed by the NCLAT on December 12, 2024, in bringing the NBCC on record for the completio...