Hope returns for 3,000 families as NCLT approves ONE Group’s plan to revive Aquapolis project

Hope returns for 3,000 families as NCLT approves ONE Group’s plan to revive Aquapolis project

Homebuyers of the long-stalled Sushant Aquapolis project in Ghaziabad are finally seeing a path to completion after the National Company Law Tribunal (NCLT) approved ONE Group’s takeover of the development, people aware of the matter said.

One Group has committed to invest around Rs 700 crore to restart and complete the integrated township project, which spans 26.18 acres and includes 26 towers with nearly 3,000 housing units. The move is expected to pave way for completion of homes for thousands of affected homebuyers and bring long-awaited clarity and relief to them.

The project, located near Delhi-Meerut Expressway (NH-9) opposite Crossings Republic in Ghaziabad, had been stuck for over a decade under the erstwhile developer Ansal API, leaving buyers uncertain about possession timelines and the fate of their investments. The previous promotors had launched the project 2011 but it went to NCLT in 2022. The tribunal, on November 7, 2025, cleared ONE Group’s resolution plan.

Currently, only four are complete and nine are under construction. The project has already handed over 150 units, with 125 families currently residing in the project.

The project is now rebranded as ONE Aquapolis. One Group plans to invest around Rs 700 crore in completing and revitalizing ONE Aquapolis, targeting an overall revenue potential of Rs 1300 crore. The investment will focus on upgrading infrastructure, landscaping, and amenities to deliver a high-quality residential environment.

Apoorv Jain, Director, ONE Group, said that ONE Aquapolis represents more than a revival—it is a commitment to trust, quality, and timely delivery. “Our vision is to transform this project into a vibrant, self-sustained community that resonates with modern urban living. With NCLT approval secured, our next phase focuses on accelerating construction, enhancing resident experience, and ensuring that every home at ONE Aquapolis reflects our promise of reliability and value,” he said.

Homebuyers say they are hopeful that construction will now move forward without further disruptions.

“NCLT-led resolutions are often the only hope for homebuyers stuck in legacy projects. With the new developer stepping in, we expect accountability and delivery,” said Ram Kumar Agarwal, who booked a flat in 2016.

The incomplete infrastructure and slow construction have been long-standing concerns for residents who are living in the incomplete township.

“We moved in because we could not keep paying rent and EMI together, but the township remained half-finished for years,” said Kartik Kumar, a resident living in one of the completed towers.

“If a stronger developer is committing fresh funds, we hope the remaining towers and amenities finally get delivered,” he said.