Top court warns it will classify the units as unsold inventory after a section of home buyers of Amrapali Group fails to pay instalments
The Supreme Court posted the matter for further hearing on August 27 and said that all pending issues will be taken on that day.
Currently, the NBCC is facing execution hurdles due to slow inflow of cash which is expected to get sorted soon.
UP govt trying to resolve issues of stalled housing projects in Noida, Greater Noida: UP Infra minister
Builders like Amrapali, Jaypee Infratech and Unitech, have defaulted in delivering their projects in Noida and Greater Noida, with homebuyers' investments being stuck for about a decade now.