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  • NBCC receives around Rs 100 crore from SBICap for six stalled Amrapali projects: Sources Aug 26, 2021 10:25 PM IST

    NBCC receives around Rs 100 crore from SBICap for six stalled Amrapali projects: Sources

    With this, construction work on the six projects will be expedited, NBCC sources told Moneycontrol.

  • NBCC floats tender for sale of unused FAR of Amrapali project in Noida Aug 16, 2021 09:01 PM IST

    NBCC floats tender for sale of unused FAR of Amrapali project in Noida

    The auction is expected to take place on September 3, the document said

  • SBICap Ventures starts disbursement of funds for six projects of stuck Amrapali Group Aug 10, 2021 09:21 PM IST

    SBICap Ventures starts disbursement of funds for six projects of stuck Amrapali Group

    SBICap had on August 4 signed an MoU with the court receiver appointed by the Supreme Court to monitor stuck Amrapali projects for funding Rs 650 crore for six projects in Noida and Greater Noida.

  • Exclusive | After SWAMIH Fund, 10 banks show interest in funding stalled Amrapali projects Aug 10, 2021 02:32 PM IST

    Exclusive | After SWAMIH Fund, 10 banks show interest in funding stalled Amrapali projects

    These banks include HDFC, Axis and Punjab National Bank, NBCC sources have said

  • SBICAP Ventures Ltd to fund Rs 650 crore for six stuck Amrapali projects: NBCC Aug 04, 2021 09:44 PM IST

    SBICAP Ventures Ltd to fund Rs 650 crore for six stuck Amrapali projects: NBCC

    The Supreme Court on August 2 had asked banks to relax the funding criteria for stalled Amrapali projects that include submission of collateral security and corporate guarantees

  • NBCC floats tender for appointment of channel partner to sell around 5,000 unsold units Jul 19, 2021 03:23 PM IST

    NBCC floats tender for appointment of channel partner to sell around 5,000 unsold units

    Some contractors involved in completing Amrapali projects say they have not received dues worth Rs 500 crore from NBCC since February this year. NBCC says delays on account of COVID-19 and would be regularised soon.

  • 20 Amrapali housing units worth Rs 20 crore sold by NBCC Jun 15, 2021 09:13 PM IST

    20 Amrapali housing units worth Rs 20 crore sold by NBCC

    The government’s construction arm received 95 applications for the draw that was launched in March this year

  • Amrapali’s 46 units up for sale by NBCC receive around 100 applications Mar 26, 2021 10:02 AM IST

    Amrapali’s 46 units up for sale by NBCC receive around 100 applications

    Results of the draw expected to be announced by April 15

  • NCR-based Gaurs Group to complete 10,964 Amrapali units; NBCC awards tender worth Rs 2,124 crore Mar 25, 2021 09:00 PM IST

    NCR-based Gaurs Group to complete 10,964 Amrapali units; NBCC awards tender worth Rs 2,124 crore

    The group’s wholly-owned subsidiary, Gaursons Hitech Infrastructure Pvt Ltd, to execute the projects

  • Amrapali’s 52 units completed by NBCC in Noida and Greater Noida up for sale Feb 08, 2021 01:26 PM IST

    Amrapali’s 52 units completed by NBCC in Noida and Greater Noida up for sale

    The residential units include five villas and 27 penthouses and six commercial properties with prices ranging from around Rs 64 lakh to Rs 2.04 crore; applications open until March 10

  • Interview: NBCC’s current order book is worth Rs 71,000 crore, says CMD PK Gupta Oct 19, 2020 03:36 PM IST

    Interview: NBCC’s current order book is worth Rs 71,000 crore, says CMD PK Gupta

    COVID-19 has impacted project execution as well as revenues; Steps are in place to enhance workforce at all sites, including Amrapali projects.

  • Amrapali case: SBICAP seeks more time to finalise proposal for financing stuck projects Aug 13, 2020 07:25 PM IST

    Amrapali case: SBICAP seeks more time to finalise proposal for financing stuck projects

    The SC lashes out at the Centre for not releasing funds from SBICAP stress asset fund, warns that if the proposal is not finalised within a week, it will pass orders for financing the projects independently.

  • SBICAP Ventures considering 10 incomplete projects of Amrapali: Sources Jun 18, 2020 07:48 AM IST

    SBICAP Ventures considering 10 incomplete projects of Amrapali: Sources

    At the Amrapali case hearing on June 3, SBICAP Ventures had informed the Supreme Court that it would create a Special Purpose Vehicle (SPV) with the court receiver and appoint a CEO to take over the construction of stalled projects in Noida and Greater Noida.

  • NBCC to handover 1,000 Amrapali units by year-end; 10,000 by June 2021 Jun 15, 2020 06:26 PM IST

    NBCC to handover 1,000 Amrapali units by year-end; 10,000 by June 2021

    The estimated cost of completion of all 40,000-odd pending units of Amrapali is around Rs 8,500 crore

  • Amrapali case: SC directs banks to restructure loans given to homebuyers despite accounts being declared NPA Jun 10, 2020 03:22 PM IST

    Amrapali case: SC directs banks to restructure loans given to homebuyers despite accounts being declared NPA

    The apex court also capped the interest charged by the Noida Authority from builders for the delay in lease payment at 8 percent

  • Amrapali case | SC committee asks NBCC to call for tenders for 3 more projects Apr 13, 2020 05:43 PM IST

    Amrapali case | SC committee asks NBCC to call for tenders for 3 more projects

    The three projects located in Noida and Greater Noida comprise 4,500 units and are valued at Rs 1,046 crore

  • NBCC: the government’s newest milch cow Mar 05, 2020 09:28 AM IST

    NBCC: the government’s newest milch cow

    The market reacted negatively to the news of NBCC getting the Jaypee Infratech project, taking the stock to Rs 26, a level it had last seen in August 2014

  • SC seeks response from Centre on time needed to process Amrapali Group's application for funding from stressed asset fund Dec 16, 2019 10:26 PM IST

    SC seeks response from Centre on time needed to process Amrapali Group's application for funding from stressed asset fund

    SC directs NBCC to fast track completion of category-A projects of Amrapali; Next date of hearing is January 10

  • Amrapali case: SC directs homebuyers to deposit pending amount by Jan 31, 2020 Dec 02, 2019 10:23 PM IST

    Amrapali case: SC directs homebuyers to deposit pending amount by Jan 31, 2020

    Instructions sought on whether a part of the Rs 25,000 crore stressed fund can be utilized to complete Amrapali projects; Next date of hearing is December 13.  

  • Amrapali case: SC directs MSTC to auction attached properties of Amrapali Group Oct 14, 2019 09:52 PM IST

    Amrapali case: SC directs MSTC to auction attached properties of Amrapali Group

    The top court directed that the documents of the attached properties, which were with the Debt Recovery Tribunal be handed over to the MSTC, which would auction the assets and deposit the amount with the apex court registry.

  • Amrapali case | Piecemeal approach to justice is fraught with risks Aug 28, 2019 09:12 AM IST

    Amrapali case | Piecemeal approach to justice is fraught with risks

    NBCC as the white knight is not the remedy for all the ills the real estate sector is facing. A set of reforms is the need of the hour.

  • Maintain ‘zero tolerance policy’ towards realty malpractices, delays: Homebuyers tell PM Modi Aug 19, 2019 10:23 AM IST

    Maintain ‘zero tolerance policy’ towards realty malpractices, delays: Homebuyers tell PM Modi

    Homebuyers have demanded that the government orders a forensic audit for all realty projects pending for over three years and set up a task force to ensure delivery

  • Reality check: Does NBCC have the funds to complete stuck real estate projects? Aug 01, 2019 05:59 PM IST

    Reality check: Does NBCC have the funds to complete stuck real estate projects?

    Will outstanding amount collected from homebuyers be enough to kickstart construction of stuck projects in Delhi-NCR? 

  • Will NBCC rescue homebuyers stuck in private projects? Jul 31, 2019 06:01 PM IST

    Will NBCC rescue homebuyers stuck in private projects?

    For homebuyers, NBCC comes with a sense of sovereign guarantee but there are concerns that completing more than one lakh housing units will be a tall order 

  • SC’s Amrapali judgment: A watershed moment for real estate sector? Jul 29, 2019 12:57 PM IST

    SC’s Amrapali judgment: A watershed moment for real estate sector?

    The message has gone out loud and clear. Not just Amrapali, but all errant developers habituated to flouting the law are on notice.

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