amrapali group news

Noida: UP registry dept opens on Sunday for Navratri rush

Property buyers were delighted after their registry was executed and process to transfer title was completed successfully

‘You cheated home buyers': SC rejects bail plea of former Amrapali director

"You have cheated thousands of home buyers. You siphoned off their hard-earned money and their life savings. You do not deserve any sympathy," the bench said.

SC approves SBI CAP funding for six Amrapali projects

Several housing projects started by the Amrapali group in Noida and Greater Noida were stuck due to financial mismanagement by the private firm.

Noida: 30,000 flats in unfinished Amrapali projects to be delivered in 36 months, says NBCC

The NBCC’s assurance has come a year after the Supreme Court removed the Amrapali Group’s promoters from its board, handing over the control of the realty firm to the court receiver, paving the way for fast delivery of delayed units to thousands of homebuyers.

Amrapali to get up to Rs 1,000 crore fund infusion

Meanwhile, SBI Capital (SBICAP) Ventures, which manages the government-sponsored Special Window for Affordable and Mid-Income Housing or SWAMIH Investment Fund I has agreed to fund the completion of eight projects of the defunct Amrapali group.

Amrapali buyers get top court relief

Even those Amrapali homebuyers who failed to make timely deposits due to which their loan accounts were declared NPA or non-performing assets will also benefit from Supreme Court’s order.

SBI Caps, UCO Bank offer to fund Amrapali

The National Buildings Construction Corporation, which is currently getting the projects executed, will enter into an agreement to undertake construction as a real estate contractor. Through the SPV, SBI Caps will fund the projects, Salve added.

NBCC to start work at Amrapali projects in Noida and Greater Noida

NBCC took over the project in July on the SC orders after homebuyers petitioned it following the Amrapali Group’s failure to deliver around 30,000 flats in 15 projects. The promoters of the Group were jailed, and the court receiver is controlling the firm.

Find ways to release loan to homebuyers: Supreme Court

With regard to payment of service tax, the court clarified, the liability should be imposed on flat buyers only to the extent of the amount they have not paid.

Flat registrations in Amrapali societies to begin this week

The authority called this meeting because homebuyers were worried and confused about the documents required for the flat registration.

After five years wait, Amrapali residents to get water connection

Most homebuyers had shifted into partially ready housing complexes from 2013 onwards. They were getting ground water in the absence of piped water connections from the authority.

Supreme Court’s money push for Amrapali home projects and a completion plan

The Supreme Court has also ordered disbursal of ₹7.16 crore to National Buildings Construction CorporationLimited (NBCC) for completion of stalled projects of the builder.

Noida, G Noida to file plea in SC to recover Rs 5,700 cr from Amrapali Group

The Greater Noida authority has to recover Rs 3,700 crore from Amrapali Group while the Noida authority has to recover around Rs 2,000 crore from the developer.

Registration of flats for Amrapali home buyers begins in Noida

There are around 10,000 homebuyers of the Amrapali group, staying in Silicon City in Sector 76, Princely Estate in Sector 76, the Zodiac project in Sector 119, Platinum in Sector 119 and Eden in Sector 50. The residents will need to execute flat registries so that the title deed can be transferred into their names from that of the builder’s.

Stamp and registration dept gears up for bulk registries of Amrapali flat buyers

Over 10,000 flat registrations are expected to be executed by the UP stamp and registration department, Gautam Budh Nagar, officials said .

Camp for registration of Amrapali flats from today

There are around 10,000 homebuyers of the Amrapali group, staying in Silicon City in Sector 76, Princely Estate in Sector 76, the Zodiac project in Sector 119, Platinum in Sector 119 and Eden in Sector 50.

Amrapali flat buyers submit affidavits to start flat registration

Homebuyers from other Amrapali projects – Zodiac, Platinum, Silicon City and Eden – have also started submitting affidavits to their respective advocates so that the same can be submitted to the court receiver for flat registration.

Noida prepares roadmap for flat registration for Amrapali buyers

This is in compliance with the orders of the Supreme Court that had directed the Noida and Greater Noida authorities to immediately start registration of flats of homebuyers.

Give certificates to Amrapali homebuyers or face jail: SC

The court also said that the project-wise list of homebuyers who are residing in the Amrapali projects should be provided to both the authorities within three days.

Erase Amrapali name from projects, demand homebuyers

The buyers on Friday said they are appealing for a name change to Uttar Pradesh chief minister Yogi Adityanath, local MLA Pankaj Singh and other government agencies involved via the microblogging site Twitter.

Amrapali homebuyers write to court receiver, seek registration of flats in Noida

As per an estimate by the Noida authority, there are around 14,000 flat buyers in Amprali projects such as Sapphire, Silicon City, Princely Estate, Zodiac, Platinum and Eden Park in Noida.

ICC chief Shashank Manohar got contentious payment from Amrapali - Report

Manohar’s name features on the list of third parties who received money from the corpus of Rs 8.71 crore which Sharma had at its disposal.

Amrapali made ‘sham agreements’ with firm linked to Dhoni: Auditors to SC

The forensic audit report accepted by the top court on Tuesday said that Amrapali Sapphire Developers Pvt Ltd had paid ₹6.52 crore, out of the total amount of ₹42.22 crore, to RSMPL during 2009-2015.

Court receiver in control of Amrapali projects to prepare action plan for homebuyers soon

The court receiver is expected to open his office in Noida to interact with all stakeholders, including homebuyers, as he is now in control of all affairs related to the Amrapali Group’s projects. According to officials, there are 15 housing projects and one commercial project located in Noida and Greater Noida.

Yogi meets Noida, G Noida chairman, CEOs in Lucknow to discuss Amrapali case

The meeting between Yogi Adityanath, Alok Tandon, Ritu Maheshwari and Narendra Bhooshan saw a discussion the SC order on Amrapali and continued till late night to prepare a plan about the upcoming investment summit that aims to bring in investment to the state.

Supreme Court : Seize land assets of Amrapali, probe owners for money laundering

Effectively winding up the Amrapali Group’s rights to remain in the real estate business, the court cancelled its Real Estate Regulatory Authority (RERA) licence and the leases that it held to build projects across Noida and Greater Noida.

Noida, Greater Noida authorities under fire, Amrapali projects go to NBCC

In its verdict on Amrapali builders, the Supreme Court also stated that by the ‘public doctrine’ principle, all public authorities are duty bound to observe that the leased property is not “frittered away” along with the homebuyers’ money.

Noida authority to issue occupancy papers for ready flats in Amrapali 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. There are around 14,000 homebuyers who have shifted into flats in these projects without the execution of a lease deed.

Amrapali buyers worry Greater Noida authority won’t finish 35,000 flats

The Greater Noida authority is facing a fund crisis as it has a debt of around Rs 5,000 crore to repay (to various banks and government bodies) and struggles to recover around Rs 7,000 crore from 200 defaulter builders.

May hand over stuck projects to govt bodies for completion, top court warns Amrapali