| Work Detail |
NBCC (India) has issued tender for completion of work on seven stuck projects of the Amrapali Group recently, a move that will offer relief to about 9,000 homebuyers in Noida and Greater Noida.
The Supreme Court had about a year ago asked the state-run builder to complete 16 projects of the Amrapali group. It has completed work on two of those, which will be handover soon to the court receiver.
“We have issued tender for Zodiac, Sapphire One and Two, Silicon City Phase One and Two, Centurian Park and Princely Estate. Estimated cost to complete these projects are R 562 crore and last date to submit the bid is December 26,” said a NBCC official.
The court had appointed R Venkataramani as the receiver to coordinate among all the stakeholders and ensure completion of the projects for homebuyers.
The first two projects, Eden Park and Castle, will soon be ready for handing over to the receiver. Work on firefighting equipment, sewage treatment plant, waste treatment plant and the final paint work in some of the flats of these two are nearing completion
More than 40,000 buyers were stuck with under-constructed projects, some over a decade, after the Amrapali Group was dragged to court for alleged fraud and money laundering. |
