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NBCC will Conduct Public Auctions of Properties in Addition to 5229 Flats of Amrapali Group

NBCC will Conduct Public Auctions of Properties in Addition to 5229 Flats of Amrapali Group
Image Source - Google | Image by economictimes

If you are looking for a home, you will soon get a chance to take home Amrapali’s projects. The court receiver and NBCC have announced this on Thursday. It has been told that there are 5229 flats in the Noida-Greater Noida projects of Amrapali, which are in the inventory (unsold) category. A quick process to sell them is about to begin. However, what will be their rates for this is yet to be decided. According to the sources, these flats’ rates will be kept lower than other existing builder projects so that money can be sold by selling them quickly. That money can be used to complete the stranded projects.

Let us know that from 23 July 2019, Amrapali’s projects have been given the command of the Supreme Court by the Supreme Court, and the court receivers are completing these projects through NBCC. The biggest issue in this whole work is the fund. Possession of these flats can be found in 6 months to 3 years. According to the record of NBCC, a list of 5229 flats has been prepared. This list will be made available on the court receiver’s website very soon. In this, people will know in detail which units are available for sale in which project.

According to the information, Crystal Homes has around 175 inventory flats. Amrapali Zodiac has 27 paint houses. Amrapali Platinum has 6 commercial shops. The Princely Society has three paint houses. Ledger Valley Villas have 4 villas. A flat in Silicon-1 is a painted house. Safair also has a few inventory flats. The Greno-based housing scheme is estimated to have several hundred inventory flats. Dream Valley, Centurion Park and other projects in Greater Noida have many flats and some shops for inventory.

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Written by Ritik Gupta

His name is Ritik Gupta; currently pursuing law. He has always kept pride as his everything. He deems writing as not like any other hobby but a reflection of one’s intellectuality. He likes to research on the parasitic problems and then lay them down in such a means that can be of assistance to the society. He just not studies law but treats it a controversial weapon to defeat the wrong.

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