Over 5,000 pending Amrapali flats up for grabs in Noida, Real Estate News, ET RealEstate

NOIDA: State-run construction company NBCC has put up for sale over 5,000 unsold flats at various Amrapali projects in Noida and Greater Noida to help generate revenue for completing the different pending projects of the real estate group in the twin cities. The sale of 5,229 unsold flats will be conducted by Amrapali Stalled Projects […]

Amrapali homebuyers deposit over Rs 266 crore in SC, Real Estate News, ET RealEstate

NEW DELHI: With the Supreme Court taking steps to finish construction of the pending housing projects of Amrapali group, the homebuyers, who had been left in the lurch, have started depositing the amount due on them in the court’s registry to ensure completion of the construction work. Appearing before a bench of Justices U U […]

NBCC kicks off construction at Amrapali Dream Valley-II, Real Estate News, ET RealEstate

File photo NOIDA: In a major relief to Amrapali buyers, NBCC on Wednesday kicked off construction work at Dream Valley Phase–II, a stalled real estate project where the government-backed construction company has to complete 8,302 flats. NBCC has awarded the project to Girdhari Lal Constructions and Altis Holding Corporation joint venture. A ‘bhoomi pujan’ was […]

Amrapali homebuyers allowed to sell flats after clearing dues, Real Estate News, ET RealEstate

File photo NEW DELHI: Homebuyers seeking an exit from Amrapali Developers’ projects will now be able to do so as the court receiver has issued guidelines for resale of flats. Some 40,000 apartments across Amrapali’s housing projects remain incomplete due to financial mismanagement. About a quarter of these homebuyers want to sell their yet-to-be-ready apartments […]

By October, NBCC to start work on all 19 Amrapali projects, Real Estate News, ET RealEstate

NOIDA: The government-backed National Buildings Construction Corporation (NBCC) said on Sunday it had doubled its workforce from 6,000 to 12,000 to expedite the completion of 19 pending Amrapali projects. While work on 17 projects is underway, one more was handed over to a construction company last week. The last one is expected to be handed […]

NBCC informs SC about completion of 230 units in Amrapali project, Real Estate News, ET RealEstate

NEW DELHI: The NBCC informed the Supreme Court on Monday that it has completed construction work on 230 units and handed them over to the court-appointed receiver for the Amrapali housing project. During the hearing, the NBCC informed a bench comprising Justices U U Lalit and Ashok Bhushan that it has completed work on 230 […]

SC asks SBI Capital to fund six Amrapali Group housing projects, Real Estate News, ET RealEstate

NEW DELHI: The Supreme Court on Tuesday asked SBI Capital (SBI CAP) to begin funding for six housing projects of the Amrapali Group, after it informed the top court that so far, it has found only these six to be viable. A bench of Justices Arun Mishra and U.U. Lalit directed SBI CAP to begin […]

Amrapali home buyers told to pay service tax with dues, Real Estate News, ET RealEstate

NOIDA: Amrapali buyers have been asked to pay their dues to NBCC, along with 3.75% service tax, which was abolished with the rollout of GST in July 2017. This has been announced by Supreme Court-appointed court receiver R Venkatramani, days after the state-owned construction company said that it will try to hand over 150-200 flats […]

NBCC to hand over 200 Amrapali flats a month from August, Real Estate News, ET RealEstate

NOIDA: In a huge relief to Amrapali buyers awaiting homes for over 10 years now, state-owned NBCC has said it will try to hand over at least 150-200 flats every month from August, instead of waiting for entire towers to get completed. Executive director of NBCC, Raman Agarwal, told TOI that the company had handed […]

NBCC offers easy payment to Amrapali buyers, Real Estate News, ET RealEstate

NOIDA: Amrapali homebuyers awaiting flats will have to start paying their dues in easy instalments from August, as per a payment plan issued by NBCC. The charter was issued by NBCC in the wake of the July 10 order by the Supreme Court, asking homebuyers to help infuse working capital into the state-owned company. NBCC […]

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