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Amrapali homebuyers: According to an advertisement in the Times of India dated April 22, 2024, “In furtherance to repeated notice issued regarding handover, below is the list of home buyers who have not yet taken handing over key of their unit from NBCC (as on 22.04. 2024), are hereby given the last opportunity to take key handover within 30 days failure to do so the respective unit will be deemed cancelled. NO further request in this regard will be entertained.”
Adani Group’s real estate business is fairly new just 14 years old. But it is fast becoming a key mover and shaker in India’s booming real estate market. In fact, the company has the potential to become India’s largest developer. We tell you why.
The Corporate Insolvency Resolution Process (“CIRP”) of a real estate company is fairly divergent from other sectors. The stressed real estate company may have multiple projects that may be at.
NBCC has completed 12 Amrapali projects in Noida and Greater Noida. Close to 6,000 units have been sold in the erstwhile Amrapali Group with a sale value of close to Rs 3,500 crore, officials said.