Amrapali News
The banks had sanctioned credit facilities to develop a housing building at at Tech Zone IV in Uttar Pradesh's Greater Noida on a plot measuring 1.06 lakh square meter, the FIR alleged.
The 7 banks are Bank of Baroda, Indian Bank, UCO Bank, PNB, Bank of India, SBI and Punjab & Sind Bank.
Nearly 40,000 homebuyers are awaiting possession of their dream homes.
On the occasion of Diwali, 150 flats in a stalled project of Amrapali were given to the homebuyers.
Bank of India and Bank of Baroda have agreed in-principle to infuse funds to the tune of around Rs 1,000 crore.
The bench said that it will try to hear the Amrapali matter on every Saturday.
MS Dhoni’s name was at No. 14 in the list for the project named Sapphire Phase 1, and there are two penthouses (C-P5 and P6) at the Amrapali project located at Noida Sector 45.
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The Supreme Court on Wednesday came down hard on Amrapali Group and asked why all of its projects should not be handed over to Noida and Greater Noida authorities.
MS Dhoni has said that he has been cheated, as the real estate company did not clear his outstanding -- the amount promised for its brand promotion -- and also did not grant possession of a penthouse.
The top court said that it is "shocking and disturbing" that bankers are not coming forward to finance the properties.
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The Supreme Court has asked Amrapali real estate group to furnish the full and final disclosure about the companies they hold and money transactions that they conduct within the group's companies and outside.
The officials -- a sub-inspector and a constable -- were from the Sector 39 police station and deployed at the Amrapali police check post when the incident took place around 2.30 pm.
It was shared on the video-sharing site on February 22, 2018.
First MS Dhoni, now Maria Sharapova: Tennis star named in FIR filed against Gurugram housing project
In 2016, Dhoni became a target of angry homebuyers for the delays in the completion of a housing project.
Veteran filmmaker Lekh Tandon, who directed iconic film like Amrapali, has died, it was announced on October 15, 2017. He was 88.
In the Delhi-NCR property market, insolvency proceedings have started in Jaypee Infratech and Amrapali group company.
Amrapali Silicon City has only one project in sector 76 Noida, UP, and nearly 1,000 flat buyers would be affected by an NCLT order.
IDFC Alternatives has raised Rs 475 crore in its third real estate fund to invest in residential projects across seven major cities.
New Delhi: Private equity (PE) investment in real estate sector rose by 40 percent to Rs 3,840 crore in the first quarter this year as developers raised funds to meet construction cost and refinance loans, says a report.
Inventory of residential premises and commercial estates has risen between 18-40 per cent in different cities with maximum unsold stock lying in Delhi-NCR, creating a drag on linked sectors like financial services and steel, a report said on Thursday.
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