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| Relief for buyers as SC orders Noida Authority to start registration of Amrapali flats | | | Agencies
New Delhi: In what could bring cheers to thousands of Amrapali home buyers, the Supreme Court on Tuesday directed the Noida and Greater Noida Authorities to start registration of flats in the beleaguered homebuyers.
The apex court also warned that the officers of both the Authorities will be sent to jail if there is any delay on their parts in handing over possession of flats to buyers.
Pronouncing its judgment in the case pertaining to pending projects of Amrapali Group, the Supreme Court had last month faulted banks, Noida and Greater Noida authorities for the ongoing mess at the real estate company.
Canceling Amrapali's Real Estate Regulatory Authority (Rera) registration, the apex court has asked state-run NBCC to complete pending projects of Amrapali Group.
Meanwhile the NBCC has asked Rs 7.5 crore for completing the construction of pending houses. Royal Golf has been ordered to deposit Rs 50 crore by the court while the plea of banks will not be heard at the moment.
Homebuyers had previously filed several pleas seeking possession of around 42,000 flats booked in Amrapali Group projects.
Last month, the SC had also directed Enforcement Directorate to launch money laundering probe against directors and promoters of Amrapali Group. It may be noted that the court had earlier ordered attachment of personal properties of the CMD and directors -- Shiv Priya and Ajay Kumar. |
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