New Delhi Supreme Court has paved the way for State-owned NBCC manufacturing company to distribute suspended projects in Unitech Real Estate in Gurgaon in the case of Amrapali.
On Monday, the Supreme Court asked the home buyers to express their views on the proposal to be NBCC’s project management advisor on these projects.
A bench headed by judge Danangaya Chandrachud asked the home buyers to submit their reactions before August 2. The court will hear the case on August 9.
..
If the majority of buyers support the NBCC proposal, then the court will penalize the money deposited in the form of construction cost and start work on projects
In Amrapali case, at least 16,000 houses should be handed over to 42,000 households. 30% of To generate money for this purpose, efforts will also be made to bring money in the unrelated property of the company.
The court said that it will only deal with collective objections affected people want to get their money back while 70% want the apartment.
The Supreme Court said that it will constitute a high-level committee to monitor the progress of construction.
Read Also: – NBCC TO ADDRESS STALLED HOUSING PROJECTS FOR UNITECH LTD, A CENTER OF SC
Like our facebook page – News Samachar
