Amrapali Group out of Noida, says Supreme Court
46,000 homebuyers who bought flats from Amrapali may breath a sigh of relief as the construction work on its various projects may soon resume. The Apex Court has on Wednesday said that ownership of the projects would be forfeited from the Amrapali group and handed over to Noida and Greater Noida authorities, which would in turn complete the construction and hand over possession to the buyers. Amrapali has been clearly told that "you are out now", the SC said all its housing properties would be given to the authorities "lock, stock and barrel". No doubt that the Greater Noida Authority as well as Noida Authority are equally to blame as to how did they allow the group to continue purchasing land for projects without paying a penny to the authorities and how did the authorities gave the allotment in its name. No doubt the Noida and Greater Noida Authority are hand in gloves with the fraud developer. Homebuyers who have invested more than Rs 11,500 crore, and