Amrapali project: Sell flats of buyers not turning up for possession, says SC
2 months, 3 weeks ago

Amrapali project: Sell flats of buyers not turning up for possession, says SC

Hindustan Times  

New Delhi, Jan 9 Saying bookings will be cancelled and flats will be sold to other buyers, the Supreme Court on January 9 took a dim view on home buyers not turning up to take possession of flats in the Amrapali projects, being completed by the state-owned NBCC. The Supreme Court on January 9 took a dim view on home buyers not turning up to take possession of flats in the Amrapali projects being completed by NBCC. Senior advocate Ravinder Kumar, appearing for the Noida and Greater Noida authority informed the bench that Greater Noida authority had granted its approval for construction of additional flats in Gold Home Project and with regard to other five projects, there was need for some compliances to be made by the NBCC. On August 29, 2024, the top court directed the Noida and Greater Noida authorities to grant approval within 30 days of construction plans for additional flats in six Amrapali projects to ease the financial crunch faced by these projects.

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History of this topic

NBCC has sold 1,900 flats of Amrapali defaulters, SC told
1 month ago

NBCC has sold 1,900 flats of Amrapali defaulters, SC told

Hindustan Times  

NBCC India Ltd, tasked with constructing the distressed Amrapali housing projects, has sold 1,953 flats of homebuyers who defaulted on payments and received another 1,490 units from the court-appointed receiver for sale as buyers failed to register on the designated portal. The note by the receiver was filed following a Supreme Court order seeking a status report on homebuyers who …

NBCC sells 1,233 housing units for ₹3,217 crore in Greater Noida West; Fund to help complete Amrapali projects
1 month, 3 weeks ago

NBCC sells 1,233 housing units for ₹3,217 crore in Greater Noida West; Fund to help complete Amrapali projects

Hindustan Times  

NBCC Ltd, the government’s construction arm, has sold 1,233 housing units for ₹3217 crore through an e-auction in a new project in Greater Noida West. NBCC Ltd, the government’s construction arm, has sold 1,233 housing units for ₹ 3217 crore through an e-auction in a new project in Greater Noida West. State-owned NBCC said in a statement on February 11 …

After Amrapali, NBCC exploring more stressed real estate project options in Delhi-NCR and Mumbai
1 year, 1 month ago

After Amrapali, NBCC exploring more stressed real estate project options in Delhi-NCR and Mumbai

Hindustan Times  

After having completed as many as 16,000 Amrapali flats that were stuck for years and handing them over to homebuyers, the government’s construction arm NBCC, is now exploring a few options in NCR and Mumbai to provide relief to thousands of distressed buyers. After handing over stressed housing units in Amrapali projects in Noida and Greater Noida, NBCC, is now …

NBCC to finish and deliver all 22,000 flats in Amrapali projects by end-2024
1 year, 1 month ago

NBCC to finish and deliver all 22,000 flats in Amrapali projects by end-2024

Hindustan Times  

The state-owned NBCC Limited, formerly known as National Buildings Construction Corporation, on Thursday said it will complete the remaining 22,000 apartments in Amrapali Group’s delayed housing projects in Noida and Greater Noida by end of 2024 and hand over possession to homebuyers. They are Centurian Park, in Sector Tech Zone 4, Golf Homes in Sector 4; Leisure Park in Tech …

NBCC to develop 13,250 premium flats in 5 Amrapali projects in Greater Noida
1 year, 1 month ago

NBCC to develop 13,250 premium flats in 5 Amrapali projects in Greater Noida

Hindustan Times  

The government’s construction arm NBCC said on February 22 that it will be developing 13,250 premium apartments in five ongoing projects of Amrapali in Greater Noida where it has received approval from Greater Noida Authority to develop unused and purchasable floor area ratio worth ₹10,000 crore. The government’s construction arm NBCC said on February 22 that it will be developing …

Top court dismisses plea on interest cap for Noida homebuyers
2 years, 1 month ago

Top court dismisses plea on interest cap for Noida homebuyers

Hindustan Times  

The Supreme Court on Tuesday declined to recall its November 2022 order whereby it had lifted a cap on interest payable by builders to Noida and Greater Noida authority at 8% per annum on outstanding payments, and permitted the Uttar Pradesh government to decide appropriately. The Supreme Court on Tuesday declined to recall its November 2022 order whereby it had …

Supreme Court lists Amrapali housing case in January after NBCC says it needs cash immediately
2 years, 3 months ago

Supreme Court lists Amrapali housing case in January after NBCC says it needs cash immediately

Hindustan Times  

The Supreme Court on Thursday agreed to list the Amrapali housing case in January, after the National Buildings Construction Corporation informed it that the construction of 46,000 Amrapali housing units faced a serious cash crunch. The NBCC told the court that the units required immediate cash flow by way of sale of unused Floor Area Ratio in select Amrapali projects …

NBCC receives ₹271.62 cr orders to resume stalled projects of Amrapali group
2 years, 4 months ago

NBCC receives ₹271.62 cr orders to resume stalled projects of Amrapali group

Live Mint  

NBCC Ltd, a state-owned construction company, announced on Monday that it has work orders worth ₹271.62 crore in projects from the formerly real estate company Amrapali Group. The company disclosed in a regulatory filing that it has received an order for ₹42.44 crore to build the remaining portions of the Amrapali corporate Hub at IMT Manesar in Gurugram, Haryana. The …

Amrapali buyers: Over 11K flats to be given possession in 2-3 months
2 years, 6 months ago

Amrapali buyers: Over 11K flats to be given possession in 2-3 months

Live Mint  

In a big relief to the hassled home buyers of Amrapali Group, the Supreme Court was informed that 11,858 flats will be delivered in 2-3 months of which 5, 428 units will be handed over the possession in October. A bench of Chief Justice UU Lalit and Justice Bela M Trivedi was informed by court receiver senior advocate R Venkataramani …

SC Asks Amrapali Home Buyers to Clear Dues; Says Flats Maybe Cancelled Otherwise
3 years, 6 months ago

SC Asks Amrapali Home Buyers to Clear Dues; Says Flats Maybe Cancelled Otherwise

The Quint  

"They will have to strictly follow their payment plans else their units will be cancelled and will be considered as unsold inventory," the bench added. Advocate ML Lahoty, appearing for the home buyers, said that the NBCC had said that they'd be able to hand over about 2,000-2,500 flats in the stalled projects of Amrapali Group by December 2021, if …

SC asks why Amrapali homebuyers not paying remaining money to get flats
3 years, 6 months ago

SC asks why Amrapali homebuyers not paying remaining money to get flats

India Today  

"It is like you have been given lassi, you now want malai on top of that,” commented the Supreme Court bench headed by Justice UU Lalit while hearing pleas filed by Amrapali homebuyers. In the last hearing in August, the apex court had directed around 9,500 homebuyers to get registered and complete due payment to the NBCC within 15 days. …

SC Asks SBI CAP to Start Funding 6 Stalled Projects of Amrapali Group
4 years, 7 months ago

SC Asks SBI CAP to Start Funding 6 Stalled Projects of Amrapali Group

News 18  

The Supreme Court has asked SBICAP to start funding six stalled projects of now defunct Amrapali group after it was informed that the financial institution has found only these to be viable. The top court asked Centre to consider as a special case and provide remaining money for construction of other stalled projects from the stress funds created for the …

Amrapali case: Supreme Court asks NBCC how it will deal with Rs 2,300 crore unsold flats
5 years, 6 months ago

Amrapali case: Supreme Court asks NBCC how it will deal with Rs 2,300 crore unsold flats

India Today  

The Supreme Court on Wednesday directed the National Buildings Construction Corporation and the homebuyers to suggest how they will deal with the unsold flats. In order to rescue the homebuyers who have purchased flats by taking bank loans, the Supreme Court also issued notice to banks to give suggestions on what can be done to release pending loan amounts so …

Good news for Amrapali homebuyers: SC orders Noida, Greater Noida authorities to begin flat registration immediately or face jail
5 years, 7 months ago

Good news for Amrapali homebuyers: SC orders Noida, Greater Noida authorities to begin flat registration immediately or face jail

India TV News  

Good news for Amrapali homebuyers! Supreme Court has directed Noida and Greater Noida authorities to begin flat registration of Amrapali homebuyers immediately. Both the authorities informed the apex court that a special cell had been constituted for the Amrapali case, and certain officers were appointed for the same. Promoters and top officials of realty firm Amrapali Group diverted homebuyers' money …

Amrapali Group firms bought gold with home buyers' money
5 years, 8 months ago

Amrapali Group firms bought gold with home buyers' money

India TV News  

As the Supreme Court passed a landmark judgement in the Amrapali case and ordered the Enforcement Directorate to register a money laundering case against the group's officials for fraud, the top court's latest hearing opened a can of worms in the realty firm's operations. Among several other instances of fund diversion and illegitimate use of home buyers' hard-earned money, the …

Noida authority to issue occupancy papers for ready flats in Amrapali projects
5 years, 8 months ago

Noida authority to issue occupancy papers for ready flats in Amrapali projects

Hindustan Times  

The Supreme Court Tuesday directed the Noida authority to issue occupancy certificates to all of Amrapali’s ready housing projects. Amrapali Group has developed several residential units — Sapphire in Sector 45, Silicon City and Princely Estate in Sector 76, Zodiac and Platinum in Sector 119— in Noida. But after the Supreme Court order, we hope that the Noida authority will …

SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers
5 years, 8 months ago

SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers

Firstpost  

A bench of Justices Arun Mishra and UU Lalit also cancelled leases of Amrapali’s properties granted by Noida and Greater Noida authorities and given them to NBCC. A bench of Justices Arun Mishra and UU Lalit also cancelled the leases of Amrapali’s properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money …

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]
5 years, 8 months ago

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]

Live Law  

In a major relief to thousands of homebuyers, the Supreme Court on Tuesday cancelled the registration of Amrapali group under Real Estate Act 2016, and directed the National Building Construction Corporation take over its pending construction projects in Greater Noida and Noida.The bench of Justices Arun Mishra and U U Lalit found that Amrapali group had siphoned. In a major …

Relief to homebuyers as SC cancels Amrapali's registration, asks NBCC to complete pending projects
5 years, 8 months ago

Relief to homebuyers as SC cancels Amrapali's registration, asks NBCC to complete pending projects

India Today  

In a big relief to thousands of homebuyers left in the lurch by their builders, the Supreme Court has cancelled the registration of real estate major Amrapali group under the Real Estate Regulatory Authority and lease of its properties granted by Noida and Greater Noida authorities. The Supreme Court also appointed the National Buildings Construction Corporation to complete all the …

Amrapali buyers worry Greater Noida authority won’t finish 35,000 flats
5 years, 10 months ago

Amrapali buyers worry Greater Noida authority won’t finish 35,000 flats

Hindustan Times  

A day after the Supreme Court said that it would hand over Amrapali Group’s stuck housing projects to the Greater Noida and the Noida authorities, the homebuyers on Thursday expressed concerns that the debt-ridden Greater Noida authority would be able to finish around 35,000 flats. “The cash-rich Noida authority can easily arrange funds to finish flats in Amrapali’s projects. Therefore, …

Don't have resources, expertise to construct stalled Amrapali projects: Noida, Gr Noida tell SC
5 years, 10 months ago

Don't have resources, expertise to construct stalled Amrapali projects: Noida, Gr Noida tell SC

India Today  

Noida and Greater Noida authorities on Friday told the Supreme Court that they don't have the requisite resources and expertise to construct the stalled projects of the embattled Amrapali Group and favoured handing over the properties to a reputed builder under the supervision of a high powered committee. The top court on May 8 had said that it may give …

May hand over stuck projects to govt bodies for completion, top court warns Amrapali
5 years, 10 months ago

May hand over stuck projects to govt bodies for completion, top court warns Amrapali

Hindustan Times  

The Supreme Court indicated on Wednesday it could take away the Amrapali Group’s ownership of unfinished projects and hand them to government agencies, reiterating that it will protect the interests of tens of thousands of homebuyers after the realty developer failed to deliver flats despite being paid. Approximately 46,000 flats have not been delivered by Amrapali Group companies, which have …

Amrapali Group committed first degree crime by cheating home buyers: SC
5 years, 11 months ago

Amrapali Group committed first degree crime by cheating home buyers: SC

India Today  

Amrapali Group has committed a "first degree crime" by cheating thousands of home buyers and no matter how powerful the people behind this mess they will be booked and prosecuted, the Supreme Court said Tuesday. Amrapali Group claimed that they had received Rs 11,057 crore from the home buyers and they have constructed five projects in Indirapuram of Delhi-NCR and …

SC grills Amrapali CMD for homebuyers’ money in his account, warns him of jail
6 years, 1 month ago

SC grills Amrapali CMD for homebuyers’ money in his account, warns him of jail

Live Mint  

The Supreme Court on Thursday grilled Amrapali Group CMD Anil Kumar Sharma for ₹94 crore of homebuyers' money being shown in his bank account and also warned that it would send him to jail for his "reluctance" in disclosing the identity of a person, who had bought company's shares worth ₹140 crore from the multi-national firm JP Morgan. A bench …

SC suspects cartelisation as Amrapali’s 5-star hotel unsold in auction
6 years, 1 month ago

SC suspects cartelisation as Amrapali’s 5-star hotel unsold in auction

Live Mint  

Taking strong exception to two prime properties including a five-star hotel of the embattled Amrapali Group finding no bidders, the Supreme Court on Monday said that prima facie it looks like "cartelisation is at work" and sought to know whether "banks are part of cartels". "There were newspaper reports recently that banks are ready to finance the projects constructed by …

Noida: Buyers protest non-delivery of Amrapali flats
6 years, 4 months ago

Noida: Buyers protest non-delivery of Amrapali flats

India Today  

Hundreds of buyers of Amrapali housing on Sunday took to the streets in Noida to protest against the non-delivery of flats by the builder. India Today TV accessed the copy of the letter in which Amrapali home buyers urged the finance minister to direct RBI to issue specific guidelines for the real estate and construction sector so that the RBI …

"You Are Playing Hide And Seek", SC Sends 3 Directors Of Amrapali Group To Police Custody [Read Order]
6 years, 5 months ago

"You Are Playing Hide And Seek", SC Sends 3 Directors Of Amrapali Group To Police Custody [Read Order]

Live Law  

The Supreme Court Tuesday sent three directors of the Amrapali group to police custody, directing them to hand over all the documents of the 46 group companies to forensic auditors.A bench of Justices Arun Mishra and U U Lalit took exception to the Amprapali group not handing over all the documents to forensic auditors and said that they will remain …

"You Are Playing Hide And Seek", SC Sends 3 Directors Of Amrapali Group To Police Custody [Read Order]
6 years, 5 months ago

"You Are Playing Hide And Seek", SC Sends 3 Directors Of Amrapali Group To Police Custody [Read Order]

Live Law  

The Supreme Court Tuesday sent three directors of the Amrapali group to police custody, directing them to hand over all the documents of the 46 group companies to forensic auditors.A bench of Justices Arun Mishra and U U Lalit took exception to the Amprapali group not handing over all the documents to forensic auditors and said that they will remain …

SC Directs NBCC To Complete Unfinished Amrapali Projects; Time-frame Sought Within A Month
6 years, 7 months ago

SC Directs NBCC To Complete Unfinished Amrapali Projects; Time-frame Sought Within A Month

Live Law  

In a huge relief to Amrapali home buyers, the Supreme Court today directed the public sector National Building Construction Corporation to undertake all unfinished housing projects of the group – flats numbering around 50,000- and file within 30 days a comprehensive plan and timeframe within which construction be completed.A bench of justices Arun Mishra and U U Lalit also. In …

SC Orders Attachment Of Bank A/c, 40 Movable Properties Of Real Estate Major Amrapali
6 years, 8 months ago

SC Orders Attachment Of Bank A/c, 40 Movable Properties Of Real Estate Major Amrapali

Live Law  

“Does your client feel that they are above everybody? Ask them not to play hide and seek with the court”, a bench of justices Arun Mishra and U U Lalit told the group’s lawyer P S Patwalia Pulling them up for “defrauding investors and playing dirty games with the court”, theSupreme Court today. Ask them not to play hide and …

SC Orders Attachment Of Bank A/c, 40 Movable Properties Of Real Estate Major Amrapali
6 years, 8 months ago

SC Orders Attachment Of Bank A/c, 40 Movable Properties Of Real Estate Major Amrapali

Live Law  

“Does your client feel that they are above everybody? Ask them not to play hide and seek with the court”, a bench of justices Arun Mishra and U U Lalit told the group’s lawyer P S Patwalia Pulling them up for “defrauding investors and playing dirty games with the court”, theSupreme Court today. Ask them not to play hide and …

NCDRC Gives One Last Chance To Amrapali Grp To Defend Itself In Complaint Case By Over 700 Buyers
7 years ago

NCDRC Gives One Last Chance To Amrapali Grp To Defend Itself In Complaint Case By Over 700 Buyers

Live Law  

With over thousands of home buyers crying foul over its dud projects, the National Consumer Disputes Redressal Commission on Wednesday gave one last opportunity to Amrapali Group to appear before it on March 9 for hearing in the complaint case filed by over 700 homebuyers who had invested their hard-earned money in Amrapali Centurian Park Project in Greater Noida West.The …

NCDRC Gives One Last Chance To Amrapali Grp To Defend Itself In Complaint Case By Over 700 Buyers
7 years ago

NCDRC Gives One Last Chance To Amrapali Grp To Defend Itself In Complaint Case By Over 700 Buyers

Live Law  

With over thousands of home buyers crying foul over its dud projects, the National Consumer Disputes Redressal Commission on Wednesday gave one last opportunity to Amrapali Group to appear before it on March 9 for hearing in the complaint case filed by over 700 homebuyers who had invested their hard-earned money in Amrapali Centurian Park Project in Greater Noida West.The …

Greater Noida home buyers of Amrapali move SC for safeguarding interests
7 years, 6 months ago

Greater Noida home buyers of Amrapali move SC for safeguarding interests

India TV News  

Over 100 hassled home buyers, who had booked dream homes with Amrapali Group firms, today moved the Supreme Court seeking that their interests be safeguarded by treating them as secured creditors like banks and financial institutions. The home buyers, who have neither got possession of flats, nor refund of their hard-earned invested money, had booked homes in the Amrapali Centurion …

SC allows homebuyers to directly move national consumer forum against builders
8 years, 1 month ago

SC allows homebuyers to directly move national consumer forum against builders

India TV News  

In a land mark judgment the Supreme Court on Tuesday paved the way for homebuyers to directly drag builders to the National Consumer Disputes Redressal Commission for delay in delivering the projects. The court, however, said that homebuyers must come ‘together’ to fulfil the parameters required for filing a case under the Consumer Protection Act. As per the Consumer Protection …

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