On Monday, the Supreme Court directed the release of Rs 7 crore from the Court’s Bank account to National Buildings Construction Corporation (NBCC) to complete two stalled projects of embattled real estate group Amrapali in Noida & Greater Noida.
To ensure the speedy work a Bench headed by Justice Arun Mishra asked Noida & Greater Noida authorities to create a special cell for each project.
The homebuyers submitted before the Apex Court that a total of Rs 2,000 crores is required to complete the unfinished projects in both the areas.
The SC also directed that a forensic audit report be supplied to the probe agencies — Enforcement Directorate & Delhi Police’s Economic Office Wing (EoW) — for taking appropriate action against those accused.
On July 23, the Court had directed the NBCC to complete the unfinished housing projects of Amrapali in Noida & Greater Noida area & handover these to the homebuyers as soon as possible.
RERA (provide proper protection to homebuyers) registration of Amrapali real estate has been cancelled by the Court.
