SC cancels Amrapali group RERA registration for cheating homebuyers

Top court says Amrapali defrauded buyers in connivance with banks, Noida, Greater Noida authorities, appoints state-owned NBCC India to complete pending projects

The Supreme Court on Tuesday cancelled the RERA (Real Estate Regulation and Development Act) registration of Amrapali group companies for defrauding homebuyers, diverting their money and failing to complete projects on time. In an unprecedented move, the top court also appointed state-owned NBCC India to complete the pending projects of the NCR-based developer.

The homebuyers, who had bought flats in these stuck projects of Amrapali, will now have to deposit the remaining money in an account opened with the Supreme Court within three months.

Stating that there was a “serious kind of fraud played upon the buyers in active connivance with the