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AMRAPALI PROJECTS
IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...- NBCC targets Rs 18,000 crore revenue in FY27: MDNBCC revenue in FY27: This would mark an increase from the Rs 14,000 crore revenue the state-run property developer is expected to have rec...
- Amrapali project: Sell flats of buyers not turning up for possession, says SCThe Supreme Court criticized home buyers of Amrapali projects managed by NBCC for not taking possession of flats, threatening to cancel boo...
- Supreme Court clears way for NBCC to generate Rs 15,000 crore from Amrapali projectsThe Supreme Court has authorized state-run NBCC to generate an additional Rs 15,000 crore by developing more flats in Amrapali projects. Th...
- NBCC to invest Rs 67 crore in Amrapali projects“There is deterioration to the various parts of the building which requires major repairs, upgradation or replacement of the elements. It b...
- Banks release Rs 280 Cr for completion of stalled Amrapali projects, Dhoni moves SCAdvocate Udhav Nanda, appearing for Dhoni, said that they have filed an interlocutory application seeking a direction in arbitral proceedin...
- Rs 150 crore out of Rs 1,500 crore paid for stalled Amrapali housing projects, SC toldSenior advocate and court-appointed receiver R. Venkataramani, in a note, said: "In compliance with the order dated March 28, on March 31 t...
- NBCC expedited sale of Amrapali project to fund constructionState-run NBCC has expedited the sale of unsold units of Amrapali to fund the construction of stuck projects as a consortium of seven banks...
- Banks will soon infuse funds into stalled Amrapali housing projects, SC toldA bench comprising Justices U.U. Lalit and Bela M. Trivedi were informed that four banks have sanctioned funding for the stalled housing pr...
- Bank consortium informs SC of Rs 300 crore infusion for completion of stalled Amrapali projectsSenior advocate Siddharth Dave, appearing for National Buildings Construction Corporation (NBCC), said they are doing structural audit of u...
- NBCC sells unused FAR of Amrapali project at Rs 43 croreNBCC is expected to raise Rs 1,500 crore from the sale of unused FAR in the housing projects of embattled real estate developer Amrapali Gr...
- Over 1,800 Amrapali homebuyers, including Dhoni told to clear balance amount within 15 daysThe allotment of flats booked by these homebuyers will be "automatically cancelled" if the flat owners fail to register their name in Custo...
- Over 9,500 unclaimed Amrapali flats may be resold as SC directs final notice be given to buyersAn apex court bench said that the court receiver has pointed out two categories of home buyers--first category is of 9,538 home buyers who ...
- Amrapali group properties auction to generate Rs 478 croreThe six assets that will be auctioned include floor area ratio with a reserved price of Rs 55 crore with capacity to build three new towers...
- SC asks banks to disburse stalled loans to Amrapali Group homebuyers, restructure amountsEarlier, RBI had informed the court that its instructions do not come in the way of releasing home buyers' loans whose accounts are Non-Per...
- NBCC to deliver flats in two Amrapali projects in JanuaryNBCC also floated tender for completion of work in seven other stuck Amrapali projects, which officials said would bring relief to at least...
- Home truths hit buyers as Amrapali probe findings go from bizarre to shockingProbe has found that Amrapali's promoters and directors built personal empires using homebuyers' money.
- Amrapali booked flats on the name of peons, drivers for Re 1/sq ft to divert home buyers' money, auditors told SC23 companies, used to divert homebuyer's money, were floated in the name of office boys, peons and drivers.
- NBCC conducts detailed inspection of Amrapali’s incomplete projectsNBCC is in the process of taking over the projects that were left mid-way by the builder. This move is expected to bring relief to around 4...
- Co-developers to be roped in to complete Amrapali projectsThe announcement followed a meeting with CREDAI, offering to take over Amrapali's projects once a formal co-development policy is approved ...
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