Good news for Amrapali homebuyers: SC orders Noida, Greater Noida authorities to begin flat registration immediately or face jail
5 years, 5 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 for personal benefits and building their own empire. An audit report revealed that around Rs 3,500 crore of homebuyers' money was diverted by the Amrapali top brass.

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History of this topic

Noida authority seals 27 flats of Skytech Matrott over financial dues
3 weeks, 6 days ago

Noida authority seals 27 flats of Skytech Matrott over financial dues

Hindustan Times  

Noida: The Noida authority on Thursday sealed 27 apartments in Skytech Matrott housing society since the promoter has failed to clear dues amounting to ₹24 crore despite repeated notices. The Noida authority on Thursday sealed 27 apartments in Skytech Matrott housing society since the promoter has failed to clear dues amounting to ₹ 24 crore despite repeated notices. “We have …

Greater Noida authority holds talks with builders on homebuyer registry
8 months, 1 week ago

Greater Noida authority holds talks with builders on homebuyer registry

Hindustan Times  

The Greater Noida Industrial Development Authority on Wednesday held a meeting with real estate developers from industry body CREDAI, directing them to pay dues soon and ensure registry of flats in scores of projects in the area. He asked the builders who have not deposited 25 per cent of the total outstanding amount on their projects to make the payment …

UP govt asks Noida, Greater Noida to cancel allotments of realtors who still have land dues
8 months, 1 week ago

UP govt asks Noida, Greater Noida to cancel allotments of realtors who still have land dues

Hindustan Times  

Uttar Pradesh’s additional chief secretary Manoj Kumar Singh has directed the Noida, Greater Noida and the Yamuna Expressway authorities to start cancelling allotments made to realtors. NThe policy was meant to help a large section of homebuyers in Noida, Greater Noida and Yamuna expressway areas, where an estimated 240,000 to 350,000 housing units are currently lying stalled owing to several …

Noida and Greater Noida flat registries: 5 things homebuyers should know
9 months, 2 weeks ago

Noida and Greater Noida flat registries: 5 things homebuyers should know

Hindustan Times  

Noida authority has said that it has given permission for the registry of a total of 13,639 apartments after real estate developers of 35 housing projects gave their consent to clear their financial dues. After deducting the penal interest, these 35 developers have given their consent to pay 25% of total dues to become eligible for the registry of the …

No respite in sight for home buyers as Noida Authority to challenge High Court order
9 months, 4 weeks ago

No respite in sight for home buyers as Noida Authority to challenge High Court order

Hindustan Times  

Two weeks after the Allahabad High Court ordered Noida Authority to execute registries in the name of home buyers in Cloud Nine’s Lotus Espacia housing project in Sector 100, the authority has decided to challenge the court order, thereby causing more delay in the process. The Noida Authority has decided to challenge the High Court order requiring it to execute …

Greater Noida homebuyers protest over seven-year delay in handing over apartments
10 months, 1 week ago

Greater Noida homebuyers protest over seven-year delay in handing over apartments

Hindustan Times  

The homebuyers at the Hemisphere housing project in Greater Noida’s Sector 27 protested on Wednesday against the seven-year delay in handing over their units to them by the developer. Real estate firm Royalgolf Link City Projects Private Limited launched this housing project on 100 acres in 2015-16, promising completion and delivery in three-and-a-half years. The Greater Noida authority in July …

Noida Authority CEO meets builders over ₹26,000 crore pending dues
1 year, 4 months ago

Noida Authority CEO meets builders over ₹26,000 crore pending dues

Hindustan Times  

Noida Authority CEO Lokesh M on Friday held a meeting with two dozen real estate developers to discuss the recovery of ₹26,000 crore in pending dues and difficulties faced by home buyers in 60 group housing projects, officials said. Representative image Expressing angst at the situation, the CEO directed his department that action, including the issuance of recovery certificates, should …

Top court dismisses plea on interest cap for Noida homebuyers
1 year, 10 months 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, 1 month 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 …

Noida, Greater Noida builders seek one-time settlement scheme for land dues | KNOW DETAILS
2 years, 1 month ago

Noida, Greater Noida builders seek one-time settlement scheme for land dues | KNOW DETAILS

India TV News  

Noida news : Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch. "In a meeting with the CEO of Noida and Greater Noida Authorities Ritu Maheshwari yesterday, real estate developers from NAREDCO and CREDAI urged the …

SC asks why Amrapali homebuyers not paying remaining money to get flats
3 years, 4 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. …

Amrapali flat buyers submit affidavits to start flat registration
5 years, 4 months ago

Amrapali flat buyers submit affidavits to start flat registration

Hindustan Times  

Homebuyers Amrapali projects have started submitting affidavits in which they have stated they are the bonafide owners of their respective flats and have paid all dues to become eligible for registration of flats, to their respective advocates. Homebuyers from other Amrapali projects – Zodiac, Platinum, Silicon City and Eden – have also started submitting affidavits to their respective advocates so …

Amrapali group directors booked in cheating case
5 years, 5 months ago

Amrapali group directors booked in cheating case

India TV News  

The Economic offence Wing of Delhi Police on Wednesday registered a case of cheating against directors of the Amrapali Group, said officials. The case was registered on the complaint of Anurag Sahay, who had booked a flat with Amrapali group but was not delivered the same within the promised deadline, said police. In his complaint, Sahay had said the Amrapali …

Amrapali Group firms bought gold with homebuyers' money
5 years, 5 months ago

Amrapali Group firms bought gold with homebuyers' money

India Today  

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 homebuyers' hard-earned money, the Amrapali …

Amrapali Group firms bought gold with home buyers' money
5 years, 5 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 …

Supreme Court slams Noida, Greater Noida, bank officials; J P Morgan figures in case
5 years, 5 months ago

Supreme Court slams Noida, Greater Noida, bank officials; J P Morgan figures in case

Deccan Chronicle  

New Delhi: The Supreme Court on Tuesday slammed the officials of the Noida, Greater Noida Authorities and the banks for conniving with Amrapali Group of Com-panies. In a severe indictment of the affairs at the companies, the apex court noted, “The Directors diverted the money by the creation of dummy companies, realizing professional fees, creating bogus bills, selling flats at …

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

Will throw Amrapali Group out and give ownership rights of properties to Noida and Greater Noida: SC
5 years, 8 months ago

Will throw Amrapali Group out and give ownership rights of properties to Noida and Greater Noida: SC

India TV News  

The Supreme Court on Wednesday said that it may give ownership rights of all the 15 prime residential properties of embattled Amrapali Group to Noida and Greater Noida Authorities as it has failed to fulfil its obligations towards 42,000 hassled home buyers. The top court said that Amrapali Group by its own admission took Rs 11,652 crore from home buyers …

Amrapali Group committed first degree crime by cheating home buyers: SC
5 years, 8 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 …

FIR against former Greater Noida CEO, others over land acquisition
5 years, 10 months ago

FIR against former Greater Noida CEO, others over land acquisition

Hindustan Times  

An anti-corruption court in Meerut has directed Noida Police to lodge an FIR against Rama Raman, former chief executive officer of Greater Noida Authority, and four other erstwhile officials and a private builder, for allegedly illegally acquiring land in Bisrakh village. FIR against former Greater Noida CEO, others over land acquisition Special judge Manjeet Singh Sheoran directed the Kasna Police …

Noida: Buyers protest non-delivery of Amrapali flats
6 years, 1 month 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 …

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