Amrapali Homebuyers 44500 houses initiated for construction by NBCC under lockdown

New Delhi :Hon’ble Supreme Court constituted Committee under the Chairmanship of Ld. Court Receiver, Sh R. Venkataramani, on 9^thApril, 2020, gives go ahead asking NBCC to call tenders for execution of 3 more Amrapali Stalled Projects of Noida-Gr. Noida (UP). These projects are Leisure Park Ph 1&2, Leisure Park- River View and Kingswood in Smart City, comprising 4489 units in all valued at Rs.1046 crs.
Earlier on March 18^th& 20^th, 2020, Ld. Court Receiver gave nod to NBCC for tendering and execution of 9 Amrapali Noida-Greater Noida projects assuring timely release of funds. These projects included 08 projects in Gr. Noida namely Leisure Valley Villas, Verona, Adarsh Awas Yojna, Golf Homes, Dream Valley Ph 1 Villas & Ph 2, Enchante, Terrace Homes & Tropical Garden in Centurian and 01 Project Crystal Homes in Silicon at Noida, all comprising 27223 Houses and valuing Rs.5769 Cr. NBCC, it may be mentioned, has  started the process of tendering for all these projects even during the lockdown period with tenders for 07 Projects, namely Golf Homes, Centurian Park, Leisure Valley Villas, Crystal Homes, Dream Valley Phase-1 (Villas), Dream Valley – Enchante & Leisure Valley- Adarsh Awas Yojana,  already floated. Tenders for further projects are in the process of floating and will be invited shortly irrespective of lockdown opening or not.
This apart, execution work of 08 Stalled Amrapali Noida-Gr. Noida projects tendered and awarded earlier (7 at Noida and 1 at Greater Noida), comprising a total of 12169 Units and valuing Rs.634 crore, has  been started by the Company and scheduled to be completed in stages in another 12-24 months.
It is worth mentioning that Hon’ble Supreme Court, about a year ago, asked NBCC to execute 2-stalled Projects to begin with, namely Eden Park in Noida and Castle in Greater Noida, comprising 618 Houses, which NBCC has already completed & handed over.
Thus action has been initiated for construction of a total of 44500 houses (including 618 houses already completed) out of about 46500 houses in Amrapali Project  providing huge relief to stressed Homebuyers. While expeditiously acting upon the issue of resolving the homebuyers’ crisis, the learned Court Receiver on behalf of Hon’ble Supreme Court, however, has also called upon the affected homebuyers to promptly deposit all their pending payments with the designated bank account provided by the Hon’ble Court for successful completion of the housing projects.