The Supreme Court has summoned the CEOs of Noida and Greater Noida authorities due to their perceived obstruction in completing Amrapali’s housing projects. The court aims to expedite the process and deliver justice to affected homebuyers.
The Supreme Court has issued summons to the Chief Executive Officers of Noida and Greater Noida authorities over their perceived lack of cooperation in completing the stalled Amrapali housing projects. The court’s order came in response to the National Buildings Construction Corporation (NBCC)’s repeated pleas about the hurdles it has faced in executing its mandate to finish 16 Amrapali projects, encompassing over 46,000 housing units.
The apex court, which had appointed NBCC as the project completion authority, expressed its dissatisfaction with the progress made so far. The summons are a clear indication of the court’s growing impatience with the authorities’ role in the ongoing crisis.
Thousands of homebuyers have been awaiting possession of their apartments for years, their investments in limbo due to the financial collapse of the Amrapali Group. The Supreme Court’s intervention is seen as a crucial step towards securing justice for these aggrieved homebuyers.
The court has also directed the authorities to provide detailed information on unused and purchasable Floor Area Ratio (FAR) within the Amrapali projects. This move suggests that the court is exploring all possible avenues to expedite the completion of the projects and generate additional funds to support the construction process.
The summons and the court’s directives have brought the focus back on the role of local authorities in the Amrapali saga. The case has far-reaching implications for the real estate sector and the protection of homebuyers’ interests.
