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[부동산] 노이다 당국, Amrapali 프로젝트 실행 불가 알려와 Can’t construct Amrapali projects: Noida authorities

[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff of Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to share with you which is as undermentioned.

Noida and Greater Noida authorities Friday told the Supreme Court that they don't have the requisite resources and expertise to construct the stalled projects of the embattled Amrapali Group and favoured handing over the properties to a reputed builder under the supervision of a high powered committee.

They also said that they could not take any action like cancellation of lease agreements against the group which regularly defaulted on payments due to “bulk of home buyers” and “political weight”.

Both the authorities told the apex court that there was around Rs 5,000 crore pending from Amrapali Group towards the principal amount and interest component besides the penal interest.

Read more at: https://economictimes.indiatimes.com/wealth/real-estate/cant-construct-amrapali-projects-noida-authorities/articleshow/69278385.cms
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