Amrapali buyers meet over new builder plan
Homebuyers in various projects of Amrapali Group held a meeting to discuss the builder’s decision to hand over the responsibilities of completing the flats to a Greater Noida-based developer, the Galaxy Group. Galaxy has expressed an interest in financing and…

Homebuyers in various projects of Amrapali Group held a meeting to discuss the builder’s decision to hand over the responsibilities of completing the flats to a Greater Noida-based developer, the Galaxy Group.

Galaxy has expressed an interest in financing and executing around 33,000 flats left pending by the Amrapali group. The Supreme Court has directed Galaxy to submit a comprehensive proposal ahead of the next hearing on Feb 21.

“Most buyers were a little relieved with this intervention. But the actual sense of relief will come when work starts on the ground,” said Abhishek Kumar, President of the Noida Extension Flat Owners’ Welfare Association (Nefowa).

He said the builder had submitted a comprehensive plan regarding the completion of the projects to the legal counsel of the homebuyers. It contained a schedule with a tower-wise break-up of the completion plan.

News report said Galaxy had promised to put in Rs 5 billion and 10,000 labourers to start on the projects. The builder plans to recover the revenues with the pending dues of the Amrapali buyers.

(ends)

Related Articles

Related

The right way to Plan For a company Virtual Data Room

If you are considering a corporate digital data room, it is advisable to carefully cover it. It is necessary to choose anddataroom.com a company that will support your business procedure. You will also need to make sure that you have satisfactory information inside...

read more

AVG Feature Review

AVG is a superb antivirus system that has received a lot of recognition among users. It is easy to install, and offers a range of optional features that put value to its antivirus security. Besides their free variety, which can safeguard...

read more

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Share This