India, Oct. 4 -- The Noida Authority has approved a major move to cancel the allotment of residential plots that have remained vacant for over 12 years, signaling one of its strictest actions in recent years against non-compliant plot owners. The board also reviewed the state rehabilitation policy based on recommendations from the Amitabh Kant Committee and decided to end interest waivers for developers who have failed to meet obligations under the 'stalled legacy housing projects' policy.

In its 219th board meeting, officials noted that several builders had not cleared their dues despite receiving concessions. According to the authority, 10 housing project promoters have not paid any land cost, 25 have made partial payments, and 35 paid...