3k Unclaimed Amrapali Flats To Be Auctioned? | Noida Information

Home » 3k Unclaimed Amrapali Flats To Be Auctioned? | Noida Information
NOIDA: Flat allotments to almost 3,000 homebuyers with investments in 20 Amrapali initiatives, that are being accomplished underneath the Supreme Court docket’s supervision by the state-run NBCC, may get cancelled on July 5.


About 2,970 consumers, who had booked their flats and sure paid a minimum of a portion of the overall sale quantity, haven’t filed their claims as mandated by the principles regardless of a number of extensions.
They’ve time until July 4 to register on the web buyer portal and clear their dues for his or her flats to the designated financial institution. After this, their allotments might be cancelled and such flats might be added to “unsold stock” to make approach for auctions.
The Amrapali group is among the many largest actual property defaulters, with the supply of greater than 40,000 flats pending in Noida and Larger Noida when NBCC was given cost in 2019.
The corporate now features underneath Supreme Court docket-appointed receiver and senior lawyer R Venkataramani.
The highest courtroom in August 2021 gave round a complete of 9,500 consumers two weeks to file their claims and register with the receiver. After a number of extensions, Venkataramani issued a public discover in March this 12 months, asking consumers to file their claims and clear excellent dues with the UCO Financial institution by July 4, the ultimate deadline.
“Homebuyers who’re neither registered with the shopper portal nor clearing their excellent dues in UCO Financial institution are hereby given the final alternative to kindly get registered within the buyer portal and make excellent funds earlier than July 4 and clear all excellent dues. In any other case, their models are liable to be cancelled and handled as unsold stock. Thereafter, no declare might be entertained…” the discover stated.
Supreme Court docket lawyer Kumar Mihir, who represents a gaggle of homebuyers, stated on Monday: “The courtroom and the receiver have been attempting to determine the identification of all of the consumers. A number of processes associated to the initiatives are caught due to that. For example, the method of shifting homebuyers from cancelled initiatives to purposeful ones. As a result of there isn’t any readability over unsold stock, the flats can’t be handed over to banks as mortgage properties. If any purchaser is just not coming ahead after so many makes an attempt, then it means they don’t seem to be or they purchased the property by way of unlawful channels.”
Court docket receiver Venkataramani couldn’t be reached for remark until Monday night.

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