Authority directs Amrapali to submit plan on delivering flats | noida | Hindustan Times
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Authority directs Amrapali to submit plan on delivering flats

Miffed homebuyers have threatened a fast-unto-death from June 20

noida Updated: May 31, 2017 23:46 IST
HT Correspondent
Greater Noida
Facing heat from homebuyers, Amrapali Group has assured they will resume construction from July 1.(Sunil Ghosh/HT PHOTO)

The Greater Noida authority on Wednesday organised a tripartite meeting of Amrapali Group CMD Anil Kumar Sharma and homebuyers at its Knowledge Park 4 office with an aim to address buyers’ grievances.

The authority’s additional chief executive officer Janardhan, financial controller Arvind Mohan and other officials directed the Amrapali Group to submit a detailed roadmap as to how the realty firm will deliver the flats by June 7 failing which it will face action. Amrapali Group had in 2009 launched Amrapali Dream Valley project in sector Tech Zone-IV that has total 47 towers where it wanted to construct around 12,000 dwelling units. Around 8,000 flats out of 12,000 have already been sold to home-buyers.

Homebuyers are upset with the builder and are threatening to sit on a fast-unto-to-death from June 20 claiming the builder failed to deliver flats in 2013 as promised.

“Even now, the builder has got no concrete plan to revive and deliver flats to buyers. Now he wants to rope in a co-developer to deliver the flats to the buyers. The builder has collected around ₹748 crore from 8,000 homebuyers and only 40% construction has been completed at 47 towers. The builder has diverted funds into other businesses,” said Hitesh Nakashi, a buyer.

Homebuyers said they have already paid almost 80% of the total amount, but the builder is yet to finish 60% construction on site.

“We want the builder to provide a balance sheet as to where he spent the funds collected from buyers. If he had spent the funds on the project, we would have had the flats delivered by now,” said Satish Kumar, a buyer.

Homebuyers said that they have decided to intensify their agitation not only against the builder but also against the authority because officials did not conduct proper monitoring of the project.

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“We have directed the builder to submit balance sheet, tower-wise completion plan and co-developer details by June 7. We will also get conduct inspection done at the site to ensure the builder does not fool buyers by furnishing wrong information,” said Janardhan, the ACEO.

The Amrapali Group assured that he will resume construction by July 1.

“The project was delayed due to court cases over land between farmers and the Noida authority. We assure buyers to address their issues. We will submit details as sought by the authority and resume construction at earliest,” said Anil Kumar Sharma, CMD of Amrapali Group.