INSUBCONTINENT EXCLUSIVE:
New Delhi: The Supreme Court-appointed receiver has asked NBCC (India) to start work on eight more stuck projects of the Amrapali Group, a
move that will offer relief to more than 9,300 homebuyers in Noida and Greater Noida.
The Supreme Court had about a year ago asked the
state-run builder to complete 16 projects of the Amrapali group
with tenders in order to commence the work by the end of January 2020
He has also asked the company to furnish with him the details of the tender processes in order to facilitate the working of the payment
The cost of the current package, including towards project management consultancy and GST, is about Rs 570 crore
meeting was held on November 11 and a day after the receiver wrote to the CMD (chairman and managing director of NBCC) to start work on
these project as part of phase one
Greater Noida are expected to cost Rs 8,361 crore to complete.
The court had appointed R Venkataramani as the receiver to coordinate among
all the stakeholders and ensure completion of the projects for homebuyers.
The first two projects that NBCC took over, Eden Park and Castle,
will soon be ready for handing over to the receiver
Work on firefighting equipment, sewage treatment plant, waste treatment plant and the final paint work in some of the flats of these two are
nearing completion The flat owners are expected to start registration from next month, almost six years after they moved in to the
flats.
They have so far been living there without some of the basic facilities.
More than 40,000 buyers were stuck with under-constructed
projects after the Amrapali Group was dragged to court for alleged fraud and money laundering.