亚博体育官网首页

Sell Flats of Buyers in Amrapali Project Not Turning Up For Possession
Real Estate

Sell Flats of Buyers in Amrapali Project Not Turning Up For Possession

Saying bookings will be cancelled and flats will be sold to other buyers, the Supreme Court took a dim view on home buyers not turning up to take possession of flats in the Amrapali projects, being completed by the state-owned NBCC. A bench of Justices Bela M Trivedi and Satish Chandra Sharma asked attorney general R Venkataramani, who was appointed a court receiver in the case, to furnish the latest status report of unsold assets or where the home buyers did not turn up despite efforts to reach out to them. "We will request the court receiver to file a latest report where possession has not been taken over by the home buyers despite efforts by him and the NBCC," the bench said. Senior advocate Ravinder Kumar, appearing for the Noida and Greater Noida authority informed the bench that Greater Noida authority had granted its approval for construction of additional flats in Gold 亚博体育官网首页 Project and with regard to other five projects, there was need for some compliances to be made by the NBCC. The bench noted the submission of senior advocate Siddharth Dave, appearing for the NBCC, saying the compliance was regarding uploading of the map in a portal, which was done for the four projects - Centurion Park, Leisure Valley, Leisure Park and Dream Valley. The bench directed the Greater Noida authority to grant approval for the remaining four projects. For Silicon City project located under Noida's jurisdiction, the bench directed the authority to grant expeditious approval for the additional flats. The top court further directed the Uttar Pradesh government authority to grant required environmental clearances to these projects as early as possible.

Saying bookings will be cancelled and flats will be sold to other buyers, the Supreme Court took a dim view on home buyers not turning up to take possession of flats in the Amrapali projects, being completed by the state-owned NBCC. A bench of Justices Bela M Trivedi and Satish Chandra Sharma asked attorney general R Venkataramani, who was appointed a court receiver in the case, to furnish the latest status report of unsold assets or where the home buyers did not turn up despite efforts to reach out to them. We will request the court receiver to file a latest report where possession has not been taken over by the home buyers despite efforts by him and the NBCC, the bench said. Senior advocate Ravinder Kumar, appearing for the Noida and Greater Noida authority informed the bench that Greater Noida authority had granted its approval for construction of additional flats in Gold 亚博体育官网首页 Project and with regard to other five projects, there was need for some compliances to be made by the NBCC. The bench noted the submission of senior advocate Siddharth Dave, appearing for the NBCC, saying the compliance was regarding uploading of the map in a portal, which was done for the four projects - Centurion Park, Leisure Valley, Leisure Park and Dream Valley. The bench directed the Greater Noida authority to grant approval for the remaining four projects. For Silicon City project located under Noida's jurisdiction, the bench directed the authority to grant expeditious approval for the additional flats. The top court further directed the Uttar Pradesh government authority to grant required environmental clearances to these projects as early as possible.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement