The monitoring Committee appointed by the Hon’ble Supreme Court of India accompanied by Executive Director, NBCC, convened a meeting pursuant to SC’s orders dt. 02.08.2021, with nationalised and private banks tobdiscuss the financing for Amrapali Projects. Post MoU signing of Ld. Court Receiver with SBICAP Ventures Ltd. for funding 6 Amrapali Projects at Noida and Greater Noida last week, other reputed banks have shown interest in funding the stalled Amrapali Projects.
More than 42,000 homebuyers waiting possession or their dream homes will be benefited by this progressive initiative. Currently, the company is facing execution hurdles due to slow inflow of cash which is expected to get sorted soon. All the credit of these initiatives taken for completing the works of erstwhile Amrapali group projects goes to the Hon’ble Supreme Court of India, appointed Committee members and the team of NBCC collectively working to end the long wait of the suffered homebuyers.