noida the second wave of the pandemic seems to have dealt a severe blow to the already ailing real estate sector in noida greater noida and ghaziabad for instance over a 100 realty projects are currently functioning sans sanctioned maps and registrations according to the uttar pradesh real estate regulatory authority uprera affected are lakhs of homebuyers who have sunk their life savings in these projectsin fact these builders are in a catch22 situation as they do not have funds to pay up their dues to the respective industrial authority for which their plans are not getting periodic review with plans not reviewed and stamped by the authority concerned officials said the uprera is also not renewing their registrations without which they are not able to secure loans to help settle the government debtsbalvinder kumar member of uprera told toi its a chain of financial logjam which has precipitated over the pandemic period derailing over a hundred projects in noida greater noida and ghaziabad we have started meeting these builders to secure their compliance but most of them have liquidity issues we are going to find a way to help them out of the tight spot through some bailoutwith immediate revival seeming out of hand many builders could be on the brink of a major financial deficit if rera is to be believed lakhs of buyers are impacted because of these builders rera officials saidkumar said we have given two pieces of advice to the builders those who are on the verge of completion we have asked them to complete construction fast and work towards getting the completion and occupation certificates from authorities some recoverable dues from buyers would help them in cash flow for those who are far from completion there has to be some kind of bailout so that the homebuyers do not sufferaccording to rk arora the president of builders body naredcoup cash flow has always been a problem in the industry it has escalated during the pandemic the builders are not being able to regulate their financial commitments there is an urgent need for the government to step in to help the cashstrapped developers we have made multiple requestskumar said that builders already have oneyear relaxation on registration validity and the uprera has given an additional exemption of six months for all underconstruction projects from march 2021