Decks cleared for ₹1,046-cr realty projects in NCR
Supreme Court constituted Committee has allowed NBCC to start work on Leisure Park Phase one and two, Leisure Park- River View and Kingswood in Smart City, comprising 4489 units with a valuation of ₹1,046 crore. Last month, NBCC had started the process of completing nine housing projects of the Amrapali Group, including eight projects in Greater Noida - Leisure Valley Villas, Verona, Adarsh Awas Yojna, Golf Homes, Dream Valley Ph 1 Villas & Ph 2, Enchante, Terrace Homes and Tropical Garden in Centurian and Crystal Homes in Silicon at Noida, with a total of 27,223 housing units of valued at ₹.5,769 crore. Supreme Court, last year, had asked NBCC to start execution of two stalled projects to begin with, namely, Eden Park (Noida) and Castle (Greater Noida), comprising 618 iunits which the company has already completed and handed over. Apart from this, NBCC is currently executing 7 more projects in Noida and one in Greater Noida having a total of 12169 units and valued at ₹634 crore. More than 40,000 buyers were stuck with under-constructed projects, some for over a decade, after the Amrapali Group failed to deliver flats to the home buyers.
📅Published on:
18 April 2020
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