SC orders Amrapali to complete 19 towers of Leisure Valley
The Supreme Court has ordered Amrapali to first complete the 19 towers of Leisure Valley project which is about 80% complete.The apex court had decided to prioritise the cases of the residential projects of Amrapali Group depending on their construction status.
The promoters informed the court that the cost of completion of these 19 towers will be around Rs 86 crore and the work will finish in 3-15 months i.e. by May 2019.The court will review the progress of the work after one month. It also ordered the promoters to give adequate undertaking on behalf of the builder, which will complete the Leisure Valley project, to show their bonafide by March 7.
Homebuyers through their counsel Ashwarya Sinha had asked for the undertaking so that the interest of homebuyers is fully secured.The court will now decide on which residential project must Amrapali complete on March 15.