The apex court has supposedly voiced out its displeasure towards the home-buyers’ refusal to turn up and take the apartments which were built and developed in the Amrapali projects that NBCC undertook to finish, by stating that bookings would be cancelled and apartments would be sold to other interested citizens during a court case.

The justices tasked the Attorney General of India, R Venkataramani, who is functioning as the receiver, with the duty of preparing a report on all unsold assets in this case, and the assets in which home-buyers do not contact show after appropriate measures have been taken for them to do so. `Judge Bela M Trivedi said: aimed at recent development reports. “NBCC has issued that mortgages have been sold. We will then ask the receiver about certain details of the properties.”

Senior Advocate Ravinder Kumar on behalf of the Noida and Greater Noida Authority also informed the bench that apart from five other projects that were still at some stage of compliance the authority had received sanction to proceed with the construction of more flats in Gold Home Project.

The bench emphasized the remark of senior advocate Siddharth Dave, who is representing the NBCC, who stated that the compliance was based on uploading of the object on a portal and this was carried out for four objects namely Centurion Park, Leisure Valley, Leisure Park as well as Dream Valley.

The bench further directed the Greater Noida authority to process and approve the remaining other four projects.

The bench also instructed the authority to process the approval of the extra flats for the Silicon City project falling under the jurisdiction of Noida without delay.

The apex court also directed the authority of the state of Uttar Pradesh to clear the projects of the required envronmental clearances at the earliest time possible.

Dave made clear to the bench that NBCC needed more amount of in excess of Rs 500 crore to complete the project in addition to the pending amount of Rs 343 crore which was invested by the corporation to fulfill the project.

Advocate ML Lahoty, appearing for the home buyers, said that his client will not have the capacity to meet the amount and a group of banks have paid Rs 1.6 billion to the NBCC other than the State Bank of India, which invested Rs 650 million in order to complete the overdue projects.

In 2024, NBCC claimed to have constructed 20,000 flats however only 7,000 were sold to home buyers, while 13,000 were left in limbo. The rest was the overwhelming accusation made in the plea.

Venkataramani insisted that he was better suited to explain as the assertion was untrue and thus chided Lahoty not to include it as part of a submission.

About 3,000-4,000 flat buyers were not in contact with the developer, and even after multiple outreaches, the issuance of possession was unattended, and he was prepared for a more in-depth report on the issue.

The bench cleared a number of pending petitions as the SBC observed that the grievance was addressed sufficiently in the original petition specifically concerning the Amrapali project.

The bench further stated that the petitioners already disposed of cases have the liberty to pursue the remedies available under the law.

Due to financial slowdown in the construction pace, the supreme court ordered the Noida and Greater Noida authorities on 29th August, 2024 during the number of Amrapali projects to extend permission for the construction of more flats within 30 days of the application.

After submission of the application, in another decision, the Upkina Europrapanenseap Republic klllegd dpvrktsh hr urse statr, itself was instructed to position within two months the questionnaire for evaluation.

In its decree of July 23, 2019, the supreme court took Amrapali group out in the cold from its major properties in the NCR by cancelling its registration as a real estate company under RERA which the court deemed breached the trust of home buyers, builders, and the land leases in accordance with honest home buyer policy. In it’s concluding orders when dealing with Amrapali group, the apex court emphasized on the decision in favor of the home buyers even if it meant decimating the company.

Suspension on further disbandment on the projects that remained parked is being put on by the higher most courts, as its aim is to infuse money in them and thus appointing a legal receiver for safeguarding all assets of Amrapali group.