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After decade-long wait, group of early buyers demands handover of Amrapali flats

A majority of these are, however, new buyers who received the flat directly from the National Building Construction Corporation (NBCC).

handover of Amrapali flats, National Building Construction Corporation, NBCC homebuyers, amrapali dream valley, NBCC chairman K. P. Mahadevaswamy, Amrapali Dream Valley Enchante project, Greater Noida West, Indian Express newsOn Sunday, 31 owners turned up to take possession of the flats. The rest were handed over the flats Tuesday, said NBCC chairman K. P. Mahadevaswamy. (File Photo)

A group of at least 10 homebuyers, who have been awaiting possession of their flats in the Amrapali Dream Valley Enchante project of Greater Noida West since 2015, Tuesday approached the Court Receiver’s Office demanding handover of their flats.

The move came after nearly 60 customers were handed over the flats by Tuesday. A majority of these are, however, new buyers who received the flat directly from the National Building Construction Corporation (NBCC).

On Sunday, 31 owners turned up to take possession of the flats. The rest were handed over the flats Tuesday, said NBCC chairman K. P. Mahadevaswamy.

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“It was easier for the new flat buyers to get the possession as the documentation was done directly with the NBCC and not with Amrapali,” a distraught Sachin Sharma said. He, like others, booked a 2BHK flat with the Amrapali Valley in 2015. “Today, I neither have money nor a house, I have been beaten both ways,” she said.

However, Mahadevaswamy said work on 500 flats has been completed and is ready to move in. “Everybody will get the flat. The problem with the existing buyers is that their payment has to be verified. Once their payment is verified, they will get the keys as well,” he assured, adding “There is no discrepancy between the existing home buyers and the new buyers”.

The Amrapali Dream Valley Project began in 2010 and was supposed to be developed in three phases. The third phase began in 2014 and the builder was supposed to hand over the possession of the flats within 36 months.

“We were told that the project will be initiated soon,” said another buyer Anuj Maurya, a resident of Vaishali’s Sector 1 who invested in a 2BHK flat in Amrapali Dream Project in 2015. However, the timeline could not be followed after Amrapali Group declared bankruptcy in 2017.

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Protests by around 50,000 affected customers followed the bankruptcy declaration. In 2019, a Supreme Court bench headed by Justice Arun Mishra directed NBCC to complete the unfinished housing projects in Noida and Greater Noida and hand over these to homebuyers. In 2022, Gautam Builders was appointed to take over the construction of 884 flats. “I had taken a loan of Rs 30 lakh to invest in the flat. It has been 10 years. All I have done is to pay the interest to the bank,” a dejected Maurya said.

Neetika Jha is a Correspondent with The Indian Express. She covers crime, health, environment as well as stories of human interest, in Noida, Ghaziabad and western UP. When not on the field she is probably working on another story idea. On weekends, she loves to read fiction over a cup of coffee. The Thursday Murder club, Yellow Face and Before the Coffee Gets Cold were her recent favourites. She loves her garden as much as she loves her job. She is an alumnus of Asian College of Journalism, Chennai. ... Read More

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