Gujarat RERA Moves Toward Section 8 Intervention in WTC GIFT City Projects
The Gujarat Real Estate Regulatory Authority (GujRERA) has issued a public notice GujRERA/Regulatory/WTC Tower-A, B & D/10318/2026 dated 21.09.2026 proposing proceedings under Section 8 of the Real Estate (Regulation and Development) Act in connection with the stalled WTC GIFT Tower A, B & D project at GIFT City, Gandhinagar.
The two public notices, issued in August and September 2026 respectively, involve the same promoter, WTC Noida Development Company Private Limited, and cite prolonged delays in construction, complaints from allottees and concerns relating to the promoter and the projects.
Tower C: 311 of 312 units booked, construction only 28%
In its public notice dated August 17, 2026, GujRERA said the registered completion date for WTC GIFT Tower C had expired on June 30, 2025. The project had originally been scheduled for completion on June 30, 2024, followed by an extension declared by the promoter.
According to the notice, the promoter had not completed construction or submitted the required project-end compliance report. A quarterly progress report submitted in April 2024 indicated that only around 28% of Tower C had been constructed.
The project comprises 312 units, of which 311 had been booked, leaving only one unit shown as pending booking.
GujRERA also stated that several complaints had been received, principally concerning completion of construction and delivery of possession. The authority further referred to alleged financial irregularities and said it had earlier written to Axis Bank for monitoring withdrawals from the project's RERA bank account.
The notice also records investigations by the Serious Fraud Investigation Office (SFIO) and the Directorate of Enforcement concerning the promoter.
Tower C faces lease and development-rights complications
The Tower C notice further states that the GIFT Authority cancelled the lease agreement with the promoter on June 4, 2025. According to the notice, the promoter therefore did not possess development rights over the project site until any further order.
The notice also refers to proceedings before the Delhi High Court concerning use of the “WTC” trademark.
A majority of Tower C allottees have formed the Gandhinagar Gift City (Tower-C Members) Housing and Commercial Co-operative Service Society Ltd. The authority said allottees had sought regulatory intervention so that construction could resume and possession could eventually be handed over.
Towers A, B & D: 1,168 of 1,188 units booked
A second public notice, dated September 21, 2026, concerns WTC GIFT Towers A, B & D.
The project originally had a completion date of June 30, 2023, which was later revised to June 30, 2024. The promoter subsequently submitted an incomplete application seeking another extension, but the application could not be approved because of deficiencies.
The notice says the project remained incomplete after the revised deadline and that the promoter had not filed the project-end compliance report.
The project contains 1,188 units, of which 1,168 had been booked, leaving 20 units shown as pending booking.
The authority noted that Part Occupation Certificates had already been issued for Towers A and D in June 2020, while structural work on Tower B had been completed. A promoter-submitted progress report from April 2024 showed approximately 79% construction completion for Tower B.
Earlier RERA order and lack of compliance cited
For Towers A, B & D, GujRERA said it had passed a common order on March 24, 2026, primarily directing the promoter to complete the project.
The latest notice states that no action appeared to have been initiated by the promoter to comply with those directions and that no appeal had been filed against the order before the appellate tribunal.
The notice also refers to investigations by the SFIO and Directorate of Enforcement and records the cancellation of the promoter's lease agreement by the GIFT Authority in June 2025.
Allottee association formed for Tower B
The notice states that a majority of the allottees of Tower B had formed The Trade Centre (Tower-B) Co-Op Housing and Commercial Society Limited, registered in May 2026.
According to the notice, allottees had approached the authority seeking intervention after waiting for possession for a prolonged period.
RERA accounts frozen, fresh bookings stopped
In both cases, GujRERA has taken immediate regulatory measures while considering Section 8 proceedings.
The authority has ordered the respective RERA bank accounts to be frozen, prohibited the promoter from accepting fresh bookings and revoked the promoter's access to the Gujarat RERA portal.
The promoter has also been directed to provide documents including an updated allottee list, latest audited project financial statements, details of unsold inventory and information on encumbrances, project loans and outstanding liabilities.
Section 8 process could determine how projects are completed
The notices are significant because they move the two WTC projects toward the regulatory mechanism under Section 8 of RERA, which permits the authority, in circumstances covered by the Act, to arrange for remaining development work through an appropriate mechanism.
The notices do not themselves announce appointment of a new developer or final takeover of the projects. Instead, GujRERA is inviting objections and claims before taking a final decision.
For WTC GIFT Towers A, B & D, objections and claims were invited until November 2, 2026. The Tower C notice provides a 30-day period from publication of the notice.
The combined action indicates that the authority is moving beyond simply recording construction delays and is examining a structured intervention aimed at completing the remaining work and addressing the interests of hundreds of existing allottees.
For the two projects together, the notices record 1,479 booked units out of 1,500 total units — 311 of 312 in Tower C and 1,168 of 1,188 in Towers A, B & D — underscoring the scale of the allottee interest involved.
