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Good News for Amrapali Home Buyers, Your Flat Possession will Start from January 2021

Posted by Property Duniya on August 27, 2020
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If you are also one of the home buyers of Amrapali Group, then there is good news for you as NBCC has divided it into three categories to complete the incomplete projects of Amrapali Group. Possession will be given to each group at different times.

NBCC Aims to Provide Possession on Homes by 2023

From January 2021, 6 projects of Noida Extension (Greater Noida West) and some projects of Noida will start getting possession. Gradually, by August 2023, NBCC has targeted to give possession to all 42 thousand Amrapali home buyers.

NBCC has now asked flat buyers to pay the amount on possession basis and for this NBCC has also sent demand letters to buyers, due to which buyers will have to pay the first installment by 31 August.

NBCC had earlier prepared a new payment plan for Amrapali home buyers, under which buyers can pay their balance amount in easy installments. For your information, let us know that on 10th June 2020, the Supreme Court had directed all banks to give home loans to all home buyers in Amrapali Case.

Work Start on 3 projects in Noida Extension (Greater Noida West)

NBCC has also started the work on 3 projects of Noida Extension (Greater Noida West), while work on 5 other projects is expected to start in September. Tenders have also been issued for this. The NBCC has also prepared a road map for the completion of these incomplete projects.

Home Buyers will get possession in Different Phase

The project placed in Phase-1 is targeted for possession from May to July 2021. These include 887 villas in the Leisure Valley of Noida Extension and the other 6 projects are from Noida.

Completion will be given in Phase-2 from January to July 2022. The possession of the houses will start to be received from January 2021 itself. They have to pay their dues in ten installments of three months each.

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