6000 Amrapali Homebuyers approach Supreme Court for Occupation Certificate

Rera karnataka

NEW DELHI: Amrapali homebuyers have furnished a list of over 6,000 buyers before the Supreme Court, saying their flats are ready and could be given all clearances to pave the way for registration. They also pleaded the court to encash investments by promoters and directors of the real estate firm in mutual funds and LIC to raise money to finish the projects.

Complying with the court’s order, advocate M L Lahoty, who was appearing for the homebuyers, filed the list from six housing projects and sought direction to Noida and Greater Noida authorities to give completion and occupation certificates to them. The authorities have already created a special cell to give clearances to those flats and it is likely that buyers will soon get possession of their flats.

The list includes 2,128 buyers from Amrapali’s Silicon City, 1,189 buyers from Zodiac project, 1,090 from Princely Estate, 999 from Sapphire, 249 from Leisure Valley Villa and 201 from Eden Park.

In a relief to around 49,000 Amrapali homebuyers, SC in July removed the group out of its housing projects by cancelling its registration and land lease deeds and took over control by appointing a receiver to oversee the management. It entrusted the task of completing the projects to NBCC. Holding that creditor banks and Noida & Greater Noida authorities equally responsible for the financial fraud, the court had restrained them from staking any claim in the housing projects and said the buildings belonged to the homebuyers.

The court, which is scheduled to take up the Amrapali case on Wednesday, is also likely to consider the plea of homebuyers to sell the attached immovable properties of the accused and 5,229 unsold flats. The homebuyers told the court that around Rs 2,600 crore could be fetched through this process and the amount could be handed over to NBCC to complete the housing projects.

In an application filed in the court, Lahoty alleged the promoters and directors of the group—Anil Sharma, Shiv Priya, Sonali Suman and Kumar—had declared that they had invested around Rs 19.63 crore in mutual funds and LIC and had Rs 69.36 crore cash in hand. He said Rs 2337.74 crore could be fetched from selling unsold flats.

Source: https://economictimes.indiatimes.com/wealth/real-estate/plea-in-supreme-court-for-occupation-certificate-for-6000-buyers/articleshow/71077323.cms

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