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SC worries about the unsold Amrapali flats

Dated on: Friday 13th September 2019

Cancelling the Amrapali Group’s RERA license and appointing state-run NBCC to complete all the pending projects by its 23rd July order, the Supreme Court is now asking NBCC and others to come up with methods to deal with 5229 unsold flats of the group with worth Rs. 2337 crore. The top court has asked the authorities to suggest modalities of how GST and service tax will be calculated for the home buyers who are getting the house registered. It has also warned the homebuyers that unwillingness to pay the outstanding dues may lead to winding up of the stalled projects due to financial crunch.

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