Amrapali group RERA registration cancelled, NBCC to complete pending projects

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Amrapali Sapphire Arcade in Greater Noida
Amrapali Sapphire Arcade in Greater Noida

Noida : The Supreme Court on Tuesday cancelled RERA registration of famous Amrapali group and directed the National Buildings Construction Corporation (NBCC) to complete the pending housing projects in Noida and Greater Noida.

Besides this, the apex court also directed the Enforcement Directorate to file money laundering cases against Amrapali, its Chief Managing Director and other directors following a detailed investigation against the group for diverting homebuyers’ money.

The Noida and Greater Noida authorities informed the Supreme Court that Amrapali has an outstanding of around Rs 5,000 crore.

On May 8, the apex court had asked Noida authority to explain what action it has taken against Amrapali Group which was a “chronic defaulter” in payment of lease amount.

Despite several show-cause notices to Amrapali Group, they had nothing to clear the dues.

On February 28, the apex court had allowed the Delhi police to arrest Amrapali group CMD Anil Sharma and two directors on a complaint that home-buyers of their various housing projects were cheated and duped of their funds.