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UCO Bank starts website for Amrapali home buyers to deposit pending dues

To be able to pay their dues, the buyers would have to fill in details like project name, flat or unit number, registration or application number, buyer’s name and so on.

Sep 27, 2019, 11.53 AM IST
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amrapali flat
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(This story originally appeared in on Sep 27, 2019)
NOIDA: More than two months after the Supreme Court ordered NBCC to complete the unfinished housing projects of embattled Amrapali group in Noida and Greater Noida, UCO Bank has floated a website asking all buyers to start depositing pending dues which would help finance the commencement of construction by the state-run company.

To be able to pay their dues, the buyers would have to fill in details of the project name, flat or unit number, registration or application number, buyer’s name, father’s name and amount pending towards the flat. Following this, the buyers can credit the due amount into the UCO Bank account.

“It is in the interest of all homebuyers that the funds should be repaid fast by them so that the construction work should start without delay,” Ravi Kant, a buyer in Sapphire I, told TOI on Thursday.

On July 23, the court removed the Amrapali group from its housing projects, cancelling its registration and land lease deeds, and took control by appointing a receiver and asked NBCC to complete the projects.

The court had also directed Noida and Greater Noida authorities to issue completion certificate and execute the tripartite agreement within one month in projects where homebuyers are residing and directed water and electricity supply be provided. Of its 49,000 flats in multiple projects, some 14,000 are currently occupied by homebuyers.

Meanwhile, the Supreme Court-appointed court receiver, R Venkatramani, has started work for the execution of a tripartite agreement of the current residents of Amrapali flats. As per the forensic audit of Amrapali projects, every project has reflected various financial irregularities.

“Anyway, it is good news that finally, the financial mechanism for Amrapali has started. There has been sufficient time lag and the construction work should start now,” said Joginder Singh, a buyer at Amrapali Zodiac.

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