NOIDA: State-backed construction company NBCC on Monday sold 20 of 49 flats from different projects of Amrapali through its website.
Buyers had to fill a form and there were provisions for housing loans too. NBCC has a total inventory of around 5,000 flats in Amrapali projects.
While 10 of the 11 flats that were put up for sale at Sapphire II in Sector 45 were sold online, only three of 23 flats at Zodiac in Sector 120 were picked up. The other projects where flats were put up for sale were Sapphire I in Sector 45, Platinum in Sector 119, Silicon City I and II in Sector 76 and Noida Dream Valley Villa in Techzone IV of Greater Noida.
NBCC officials said they had competed 2,060 flats so far, which include 618 units in Noida’s Eden Park and Castle in Greater Noida. “We have completed two projects with 618 flats. These projects are Eden Park in Noida and Castle in Greater Noida. These apart, we have constructed 1,452 flats in other projects. Our next initiative is to start with the tenders for Tech Park, which would need around Rs 339 crore to develop. We are awaiting a sanction from the Court Receiver,” an NBCC official said.
The Supreme Court had on August 2, 2018, directed the construction company to submit a proposal for the completion of Amrapali’s stalled and incomplete projects in Noida and Greater Noida.
These projects had a total inventory of 46,575 flats. NBCC had submitted its detailed proposal in September that year and it was approved by the apex court on July 23, 2019.
The court had also appointed senior advocate R Venkataramani as the receiver to look after the work and organise funds for the completion of the project.
“We have informed the court receiver about the projects we have completed. We can pick up speed if the buyers pay on time,” an NBCC official said.
To expedite completion of the flats, NBCC has given a sub-contract to Noida-based Gaursons, which is supposed to complete 11,000 flats.