NBCC To Handover Amrapali Flats By Year-End

NBCC To Handover Amrapali Flats By Year-End
16/06/2020 , by , in News/Views

The government’s construction arm NBCC is expected to hand over about 1,000 housing units left incomplete by embattled firm Amrapali group by December end and over 10,000 units by June next year.

Construction work on the 10,000 units has commenced. About 25 percent labour is currently deployed on site due to COVID-19. Eight projects are currently under execution: seven in Noida and one in Greater Noida. As many as 10,000 units would be delivered to homebuyers by June next year.

Till date, the Supreme Court has extended Rs 136 crore to NBCC. The projects expected to be delivered in May and June 2021, include Zodiac, Saphire-1, Saphire-2, Silicon Phase-1, Princely Estate and Platinum and Titanium, located in Noida and Greater Noida.

The remaining 30,000-odd units would require another three years and would be completed in phases. Completion of all projects depends on the availability of funds. NBCC is involved in completion of 23 projects of Amrapali Housing, of which it has already completed and handed over two projects: Eden Park (Noida) and Castle (Greater Noida) comprising 618 units and valued at Rs 7.5 crore.

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