Amrapali Builder

Anarock facilitates sale of 1,455 unsold units so far in stalled projects

Property consultant Anarock, which has got the mandate to sell over 5,000 unsold flats of erstwhile Amrapali group, on Wednesday said it has facilitated the sale of 1,455 housing units so far. State-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali Stalled Projects and Investment Reconstruction Establishment (ASPIRE) and supervision of the Supreme Court of India. "To date, Anarock has sold 1,455 homes in the NBCC Aspire mandate, with 520 units having been sold in the last three months alone," Anarock said in a statement. Of about 5,200 unsold units in these projects, the consultant said that about 4,000 are still up for sale. Anarock was appointed as the exclusive agent to market and sell these units, it added. These unsold units are spread across 22 projects in Noida and Noida Extension. Overall, there are over 40,000 undelivered homes in these projects, for which customers have been waiting for many ...

Amrapali to give possession of over 11K flats in 2-3 months, SC informed

In a good news for the hassled home buyers of Amrapali Group, the Supreme Court on Friday was informed that 11,858 flats will be delivered in 2 to 3 months of which 5, 428 units will be handed over the possession in October. A bench of Chief Justice UU Lalit and Justice Bela M Trivedi was informed by court receiver senior advocate R Venkataramani that in the upcoming festive season next month 5,428 flats which have been completed by the NBCC will be given to the home buyers with electricity and water connection. "We are facing some issues in providing electricity and water connections to the other 6,430 completed flats and once the connections are provided and they receive completion certificates, these units will be handed over to the home buyers in the next two to three months", he said. The bench told Venkataramani that it is an important development that out of over 38,000 flats to be constructed more than 11,000 units are being handed over to the flat buyers and asked him to ..

The short-lived invincibility of real estate baron Anil Sharma

Till everything fell apart, his close friends believed that the man, known for his sharp wit, great people skills and always equipped with a 'Plan B', could get out of any crisis

SC cancels RERA registration of Amrapali Group; NBCC to take over projects

In a relief to the home buyers, the Supreme Court has ordered NBCC to finish all pending projects of Amrapali Group

Amrapali directors assure home buyers of timely delivery, submit passports

Bank of Baroda, approached NCLT for initiating insolvency proceedings for defaulting loans