ACE Infracity Developers Pvt Ltd took over the 3C Lotus City project in June 2023 in bidding by the NCLT, mutually reached an agreement with Yeida
Relief is finally on the horizon for around 500 homebuyers in Noida. The Yamuna Expressway Industrial Development Authority (YEIDA) reached an agreement with ACE Infracity Developers Pvt Ltd.
On July 4th, 2023, successfully resolved a long-standing legal case that had stalled construction on the 3C Lotus City project in Sector 22A. This dispute, which had been pending before the National Company Law Appellate Tribunal (NCLAT), had caused significant delays and uncertainty for buyers who had invested in the project.
The agreement between YEIDA and ACE paves the way for the revival of the 3C Lotus City project, bringing renewed hope to those who have been waiting for progress. With the legal hurdle cleared, construction is expected to resume, potentially leading to project completion and the handover of homes to eager buyers. This positive development comes as a welcome relief for many who have faced years of delays and anxieties.
