Plea in SC for oc­cu­pa­tion cer­tifi­cate for 6k buy­ers

The Times of India (New Delhi edition) - - Times City - AmitA­nand.Choud­hary @times­group.com

New Delhi: Am­ra­pali home­buy­ers have fur­nished a list of over 6,000 buy­ers be­fore the Supreme Court, say­ing their flats are ready and could be given all clear­ances to pave the way for reg­is­tra­tion. They also pleaded the court to en­cash in­vest­ments by pro­mot­ers and di­rec­tors of the real es­tate firm in mu­tual funds and LIC to raise money to fin­ish the projects.

Com­ply­ing with the court’s or­der, ad­vo­cate M L La­hoty, who was ap­pear­ing for the home­buy­ers, filed the list from six hous­ing projects and sought di­rec­tion to Noida and Greater Noida au­thor­i­ties to give com­ple­tion and oc­cu­pa­tion cer­tifi­cates to them. The au­thor­i­ties have al­ready cre­ated a spe­cial cell to give clear­ances to those flats and it is likely that buy­ers will soon get pos­ses­sion of their flats.

The list in­cludes 2,128 buy­ers from Am­ra­pali’s Sil­i­con City, 1,189 buy­ers from Zo­diac project, 1,090 from Princely Es­tate, 999 from Sap­phire, 249 from Leisure Val­ley Villa and 201 from Eden Park.

In a re­lief to around 49,000 Am­ra­pali home­buy­ers, SC in July re­moved the group out of its hous­ing projects by cancelling its reg­is­tra­tion and land lease deeds and took over con­trol by ap­point­ing a re­ceiver to over­see the man­age­ment. It en­trusted the task of com­plet­ing the projects to NBCC. Hold­ing that cred­i­tor banks and Noida & Greater Noida au­thor­i­ties equally re­spon­si­ble for the fi­nan­cial fraud, the court had re­strained them from stak­ing any claim in the hous­ing projects and said the build­ings be­longed to the home­buy­ers.

The court, which is sched­uled to take up the Am­ra­pali case on Wed­nes­day, is also likely to con­sider the plea of home­buy­ers to sell the at­tached im­mov­able prop­er­ties of the ac­cused and 5,229 un­sold flats. The home­buy­ers told the court that around Rs 2,600 crore could be fetched through this process and the amount could be handed over to NBCC to com­plete the hous­ing projects.

In an ap­pli­ca­tion filed in SC , La­hoty al­leged the pro­mot­ers and di­rec­tors of the group—Anil Sharma, Shiv Priya, Son­ali Su­man and Ku­mar—had de­clared that they had in­vested around Rs 19.63 crore in mu­tual funds and LIC and had Rs 69.36 crore cash in hand. He said Rs 2337.74 crore could be fetched from sell­ing un­sold flats.

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