SC to examine demand for compensation for Amrapali flat delay – ET RealEstate

NEW DELHI: As many flats have so far been constructed in Amrapali’s various housing projects under the supervision of the Supreme Court and are ready to be handed over, the court on Monday agreed to examine the demand of home-buyers for compensation for delay in getting possession.

The court, however, made it clear that no compensation would be considered for the period after it took over the management of the real estate firm in 2019 and appointed receiver to finish the pending projects.

A bench of Justices U U Lalit and Ashok Bhushan sought assistance from advocate M L Lahoty, appearing for some of the home-buyers, to decide the issue. The court asked him to file a response by April 19.

The court passed the order after SC-appointed receiver and senior advocate R Venkataramani told the bench that home-buyers who are yet to clear all the dues are asking for compensation for delay in getting possession.

β€œIn the course of verification of home-buyers belonging to Zodiac, Silicon City and Eden Park, an issue has been raised that while considering the amount recoverable from or payable by home-buyers, delay possession compensation be allowed as an adjustment,” he told the bench. The receiver, however, said a substantial amount will have to paid to homebuyers if the compensation is allowed.

The compensation amount for delay could be very substantial as in some cases the delay period has been more than a decade. The court said it will examine the issue and posted hearing for April 19.



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Noida: Process begins to register 312 flats in Amrapali Eden Park – ET RealEstate

NOIDA: Amrapali Eden Park is the latest Amrapali Group project in Sector 50 where the registry process has been initiated. Earlier this month, the Noida Authority had finalised the list of about 9,500 flats, where the execution of tripartite sub-lease deeds was pending.

The Supreme Court-appointed receiver R Venkataramani has been verifying the documents to expedite the registry process, along with staff members of the state-owned NBCC. Earlier this month, the authority had issued 938 temporary occupation certificates to pave the way for registration of flats in Sector 119 located Amrapali Platinum project. Special camps to facilitate registry of flats at Eden Park were held on March 26 and 27, and resumed on Tuesday post-Holi break.

Assistant inspector general of stamp and registration department, SK Tripathi said 312 flats in Eden Park have to be registered. Meanwhile, NBCC has set up offices at the project site to deal with queries.

In July 2019, the Supreme Court appointed the receiver to control the housing projects left behind by the group in Noida and Greater Noida.

Noida Authority is trying to complete the registration of flats in half a dozen housing projects β€” Sapphire, Eden Park, Princely Estates, Zodiac, Platinum and Silicon City. Silicon City is the project where the maximum number of registries are pending.



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