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 […]

Amrapali buyers can pay outstanding dues in terms of NBCC’s payment schedule, Real Estate News, ET RealEstate

NEW DELHI: Stuck Amrapali homebuyers now have the option of paying the unpaid balance amount to state-run NBCC (India) as per the new payment schedule finalised by the public sector company, thus helping them pay instalments in a staggered manner, linked to construction milestones. Homebuyers of at least five projects, where only 10% work was […]

NBCC to deliver 10,000 Amrapali flats by June 2021, Real Estate News, ET RealEstate

NEW DELHI: State-run NBCC (India) has fast-tracked the execution of troubled developer Amrapali‘s stalled projects, its top executive said, with 10,000 homebuyers expected to get delivery of their flats by June next year in the decade-old project. This follows a recent order by the Supreme Court directing financial institutions to disburse the balance loan amount […]

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