noida the handover of 156 apartments in two towers of a housing project at jaypee wish town brought up a landmark for real estate regulators in the country in up this was the first time a delayed housing project a chronic problem in ncr where delays have run not just into months or years but have crossed a decade for some was completed under a section of rera that allows the regulator to take up an unfinished project and see it to the finish line four towers of jaypee greens kalypso court were taken up for completion under the rehabilitation clause section 8 of the act houses in two of the towers 7 and 8 were handed over in august on friday the noida authority completed the process of issuing occupancy certificates ocs for the 156 units in towers 11 and 12 uprera officials said the four towers have a total 304 buyersthough part of wish town which is caught in the knots of a lengthy insolvency resolution process kalypso court is outside its ambit as its promoter is jaiprakash associates ltd jal the parent company of the jaypee group insolvency proceedings are on against jaypee infratech ltd jil section8 of the rera act can be invoked if the original developer with written consent of more than 50 homebuyers approaches the regulator with a rehabilitation plan upreras project management division has to subsequently conduct a spot survey to vet the efficacy of the rehabilitation plan once its cleared project advisory and monitoring committees oversee completion in line with the regulators planin july 2020 uprera approved the completion plan for the four towers it had been approached by a group of homebuyers it is to the credit of jaypee greens kalypso court homebuyer association progressive welfare society which was formed in 2020 that it pursued the matter with the developer and uprera we ensured completion of the project we are happy our perseverance paid off jayesh patel president of the association had told toi in august after flats in the first two towers were handed over booking for kalypso court started in 2008 completion was due in 39 months including a threemonth grace period