ReaRCo Acquires KV Developers, Set to infuse Rs 250 Cr to Complete Stalled Project
Greater Noida, April 22, 2026: In a significant move to resolve long-standing real estate delays in the National Capital Region, ReaRCo Private Limited has successfully acquired KV Developers through the Insolvency Resolution Process (NCLT). The acquisition grants ReaRCo the rights to revive and complete “KVD Wind Park,” a residential project in Greater Noida West that has been stalled for over a decade. To ensure the project’s completion, the company has secured ₹195.50 crore in funding from the government-backed SWAMIH Fund, marking a critical milestone in the effort to deliver homes to 400 existing buyers, it said in a press release.
The project, originally launched in 2012-13, fell into insolvency in 2019, leaving hundreds of families in limbo. Since obtaining construction rights in July 2023, ReaRCo has moved quickly to clear historical bottlenecks, including approximately ₹35 crore in dues to financial institutions and ₹60 crore to the local development authority. According to the company, the project—now rebranded as “Vayu@KVD Wind Park”—is currently debt-free. Furthermore, the firm has already provided refunds totaling ₹10 crore to 40 homebuyers who chose to exit the project.
Geetanjali Khanna, Founder and MD of ReaRCo Pvt. Ltd., highlighted the institutional milestone, stating, “ReaRCo is possibly the first institution in the real estate sector to not only rescue an incomplete residential project through acquisition from NCLT in the first attempt but also make the project funded by SWAMIH fund.” She further noted that restarting construction on a project stuck in NCLT within a four-year window “is a record in itself,” with construction on the five active towers now over 90% complete.
The revived development, situated on a 5-acre plot in Techzone-4, has been upgraded to meet modern luxury standards. Enhancements include an infinity swimming pool, a terrace garden with a cafe, and valet parking. Ms. Khanna noted that “currently, construction of 650 units across 5 under-construction towers is underway to enable possession for existing homebuyers by the end of the year.” While the total estimated cost of construction stands at ₹250 crore, the project’s total sales value is projected to be around ₹500 crore, with only 15% of units remaining for sale.
