Noida approves new redevelopment policy inspired by Mumbai model

Noida Authority has approved a redevelopment policy, inspired by Mumbai, to revitalize prime areas by demolishing old EWS flats and constructing new ones. Developers can generate revenue by selling extra space, provided they build bigger apartments for original allottees. This move, along with allowing co-developers in stalled projects, aims to boost the real estate sector and benefit homebuyers.