Gaurav Property Talks

Gaurav Property Talks

Pending RG Luxury Homes Project in Greater Noida West now offers possession

rg luxury homes

About RG Luxury Homes

The project of RG luxury homes was stuck. Now we have the news of the RG home project, which is now live and the director offers the possession. The project of RG Luxury Homes was stuck due to insolvency, now they have the occupancy certificates from the Greater Noida authority and they offer again possession to buyers of approx 800 flats.

The 18-acre, RG Luxury Homes project in Noida NCR which is located on Greater Noida West, was initiated in 2010 with the final deadline of 2014. The construction was stopped in 2016 due to funds. In 2019, a group of homebuyers filed a case with the National Company Law Tribunal.

1900 units in phase 1 of the project have been affected by NCLT proceedings since September 2019, but in February 2020, the NCLT granted a “reverse insolvency order” requiring the promotor of RG Group to complete it with the guidance of an insolvency resolution professional (IRP).

The promoter resumed the development of the project under the IRP’s supervision in October 2021, and in February obtained occupancy certificates (OCs) from the Greater Noida Industrial Development Authority (GNIDA) for 854 flats in four towers, allowing homeowners to take possession.

IRP Manoj Kulhsreshtha stated that he joined the project after another NCLT-appointed IRP departed it within two years.

“When I assessed the project with my knowledge, it appeared that it could be completed. It took efforts from all stakeholders, and we had hoped to have an OC sooner, but compliance with the requirements had to be ensured as well,” he stated.

Check out:- Real Estate

Reference:- Realty

Frequently Asked Questions

Since its beginning in 1940 by Shri M Gopalan, and his passionate son, who continued RG Group, Shri Ramesh RG. Mr. Vishnu RG, the third generation of the family, is spearheading the once-small venture, which now has the promise of the future.

RG Luxury Homes is an RG Group property in Greater Noida. The project is currently under construction. RG Luxury Homes provides some of the most conveniently designed apartments. This residential project is situated in Noida Extension.

R G Luxury Homes Possession Date: 2026

It is the most premium project in the city, with lush green surrounds; R G Luxury Homes’ Rera Number is UPRERAPRJ4723. R G Luxury Homes Rera is a very significant component in residential property, particularly for the protection of the home buyer.

Facebook
Twitter
Email
Print

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Sign up our newsletter to get update information, news and free insight.

Latest Post