Rs 625 crore for unfinished Amrapali projects to be released by next week, Real Estate News, ET RealEstate

File photo NEW DELHI: The Supreme Court was on Thursday informed that SBI Capital fund of Rs 625 crores is finally going to be released by the next week to finance the six unfinished projects of Amrapali real estate company to ensure delivery of flats to the homebuyers. A bench of the apex court, headed […]

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 […]

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 […]

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 […]

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 […]

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