Breaking News

Can’t handle Amrapali projects: Authorities to SC


NEW DELHI: Two days after Supreme Court mentioned that it's going to throw Amrapali out of all housing initiatives and hand it over to Noida and Greater Noida government to complete the initiatives, the government on Friday mentioned that there were now not keen to take in the duty because they don't have experience in developing buildings.

When a bench of Justices Arun Mishra and U U Lalit requested the Noida government whether or not they would be able to whole the duty, they admitted that it will now not be possible for them to take over the housing initiatives and whole the development.


“We don't seem to be technically competent and we don't have experience to do the duty. Let there be some reputed developer to complete the challenge and a monitoring committee should be appointed through courtroom to stay an watch over it,” lawyer appearing for Noida authority advised the bench. Greater Noida authority also took the similar stand.

“So you're your self terrified of what you are going to do with the property,” the bench mentioned. It mentioned that it's going to move order on handing over the initiatives to other companies and would believe the choice of government-owned NBCC, HUDCO or reputed non-public companies like Larsen And Turbo.

After Noida and Greater Noida government mentioned they will not be able to complete Amrapali initiatives, the Supreme Court mentioned it will move orders on handing over the initiatives to other companies and would believe the choice of government-owned NBCC, Hudco or reputed non-public companies like Larsen & Toubro.

“So you're terrified of what you are going to do with the property,” the bench of Justices Arun Mishra and U U Lalit mentioned.


The courtroom has mentioned Amrapali workforce would don't have any stake in its housing initiatives and made it clear that homebuyers and now not banks would have first right at the proceeds of the auction of the crowd’s houses. This manner the money raised could be used for the development of initiatives.


The courtroom directed the government to issue career certificate in those initiatives during which folks had taken ownership of apartments to enable them to are living there. At the outset of proceedings, suggest M L Lahoty, appearing for the homebuyers, steered the courtroom to nominate a monitoring committee to supervise the development of housing initiatives.


NBCC had previous agreed to take over Amrapali’s initiatives and confident the courtroom to complete development inside three years. But it had put a rider that it will now not make investments its money and demanded Rs 8,500 crore. It also mentioned it will price Rs 850 crore as consultancy fee.


Contending that the cost demanded through NBCC used to be too top, the Noida government advised the courtroom that there were other reputed developers who may whole the work at 6-8% of the development cost.


No comments