Can I trust this builder?
It is the right question to ask in Greater Noida West. Here is everything you need to answer it yourself: who funds us, who regulates us, what has been built, and the documents behind it.
Ring-fenced funding
SWAMIH Investment Fund I is a Government of India-backed fund, managed by SBICAP Ventures, created to finish stalled affordable and mid-income housing. Its money is released against construction milestones and can only be spent on this project.
RERA oversight
Vāyu is registered with the Uttar Pradesh Real Estate Regulatory Authority as UPRERAPRJ3122. 70% of buyer payments must sit in a dedicated project account, and quarterly progress is filed with the regulator.
Verify on UP RERACourt-approved resolution
The revival plan was approved through the Insolvency and Bankruptcy Code process, with lenders and existing allottees represented. Their rights are written into the plan.
Revival milestones
- 2014A project stallsKVD Windpark launches, receives its first environmental clearance, then stalls. Buyers are left waiting.
- 2021Resolution under IBCThe project enters insolvency resolution. ReaRCo's plan is approved to complete it rather than abandon it.
- 2023Last-mile fundingSWAMIH Investment Fund commits capital ring-fenced for construction, not marketing.
- 2024Relaunched as VāyuPlans re-engineered for wind, light and greenery. Fresh clearance obtained and RERA registration renewed.
- 2025Building againStructure work resumes across towers. Progress photos are published every month.
Building,
month by month
Updated every month with dated site photos. Come and see for yourself on any day of the week.
- Oct 202575%
Tower 1
Slab 18 of 24 cast
- Oct 202558%
Tower 2–3
Slab 14 of 24 cast
- Oct 202534%
Tower 6–7
Podium complete, structure rising
- Oct 202522%
Clubhouse
Foundation complete
Environmental clearances
Want the resolution plan summary, approvals or bank tie-ups? Our allottee desk shares them on request, in person or by email.