SC receiver asks NBCC to start eight Amrapali projects

The Supreme Court-appointed receiver has asked NBCC (India) to start work on eight more stuck projects of the Amrapali Group, a move that will offer relief to more than 9,300 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 handed over soon to the court receiver. “The court receiver has asked NBCC to proceed with tenders in order to commence the work by the end of January 2020. He has also asked the company to furnish with him the details of the tender processes in order to facilitate the working of the payment schedule,” said a person in the know. The receiver has given a list of eight projects having 9,306 flats. The cost of the current package, including towards project management consultancy and GST, is about Rs 570 crore. The projects are Zodiac, Sapphire One and Two, Silicon City Phase One and Two, Centurian Park, Centurian Park Valley and Princely Estate.