After years of uncertainty and legal battles, the long-delayed Delhi One project in Noida, Sector 16B, Noida, is finally set to restart. The Allahabad High Court has directed the Noida Authority to approve pending building layouts for Max Estates Limited, the company that took over the project, provided it deposits 50% of a disputed ₹67 crore demand within one week.
The order comes as a major relief to hundreds of anxious homebuyers who had invested in the ambitious project over a decade ago but were left waiting as construction ground to a halt around 2015.
The Delhi One project was originally launched in 2010 by Boulevard Projects Pvt Ltd of the Three C Group, promising a mix of premium residences, luxury offices, and a five-star hotel along the DND Flyway. However, financial troubles hit the developer, and work came to a complete stop by 2015-16.
In February 2019, the National Company Law Tribunal (NCLT) admitted the project into insolvency proceedings. After years of uncertainty, Max Estates, the real estate arm of the Max Group, won approval for its resolution plan in February 2023. This plan included clearing pending dues and completing construction.
The Dispute Over Dues
One of the biggest hurdles in the project’s revival has been the settlement of dues owed to the Noida Authority.
Initially, the Authority claimed more than ₹932 crore in outstanding charges, but NCLT recognized only ₹325 crore.
After appeals, the National Company Law Appellate Tribunal (NCLAT) approved a revised settlement in October 2024. Under this, Max agreed to pay ₹613 crore (including interest) over three years, in exchange for an extension of the completion timeline.
Max began making payments and cleared ₹135 crore in April 2025.
However, the Authority later raised an additional ₹67 crore charge under its 2025 Unified Policy, citing a “change in constitution and shareholding.” Max contested this, arguing that the transfer of ownership was ordered under the Insolvency and Bankruptcy Code (IBC) and could not attract extra charges.
High Court’s Intervention
When the matter reached the Allahabad High Court, the bench observed that Max had made out a prima facie case. It ruled that the Noida Authority must approve building plans once the company deposits half of the contested ₹67 crore. The court also restrained the Authority from taking coercive action while directing Max to continue payments under the NCLT-approved plan.
What It Means for Buyers
For homebuyers and investors, the order marks a turning point. After almost 10 years of waiting, construction activity is expected to resume soon. If Max Estates adheres to the timeline and secures necessary approvals, the long-stalled project could finally be delivered within the extended deadline.
Real estate analysts say the development could restore some faith among homebuyers stuck in delayed projects across Noida, where several large-scale developments have been caught in financial or legal troubles over the past decade.
The next few months will be critical. Max must deposit the required amount, secure clearances, and ensure work on the site begins without further delay. For the Noida Authority, the challenge will be to balance revenue recovery with buyer interests, ensuring that bureaucratic hurdles do not derail progress again.
If executed smoothly, the Delhi One revival could become a model for resolving other stalled projects in the NCR, where thousands of families continue to await their homes.
