SC picks next six Amrapali’s projects for completion

The apex court ordered Amrapali to submit the business plan for these projectsAnkit Sharma  |  ETRealty  |  April 17, 2018, 22:28 IST
The SC also felt MoRTH needs to undertake road safety audits urgently as it was essential to reduce possibility of accidents.
The SC also felt MoRTH needs to undertake road safety audits urgently as it was essential to reduce possibility of accidents.
NEW DELHI: The Supreme Court of India on Tuesday picked next six residential projects of Amrapali Group that must be completed. The projects that were chosen are from the Grade A category.

The apex court ordered the builder to submit the business plan for these projects.

All the residential projects were previously categorised depending on the completion status as per SC’s order. The court had said in February that they will prioritise the case based on completion status with Leisure Valley being the first one to be completed.

Amrapali through its counsel Alok Agarwal pleaded that they be given a chance to complete the projects with the help of co-developers.

The apex court however ordered Amrapali to first furnish a detailed plan that should include how much money it can put from its own in bonafide form, business plans for the projects, how much money they can bring-in with the auction of unencumbered land parcels and details of bidders.

All this information is to be submitted by next hearing which will be held on April 25.

The SC also asked home buyers to make any payment through the court and not to the builder directly.