New Delhi [India], September 7 (ANI): A plea has been moved in Supreme Court seeking direction to NBCC (India) Ltd to implement the directions given by the District Disaster Management Authority (DDMA) Gurugram.

Dehradun (Uttarakhand) [India], August 11 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami paid a courtesy call to Union Minister, Ministry of Heavy Industries, Mahendra Nath Pandey, in New Delhi and said that the state government will send a proposal for an electronic charging station on the Char Dham Yatra route.

New Delhi [India], August 4 (ANI): The Supreme Court on Thursday issued notice on a plea filed by Amrapali group founder Anil Sharma seeking bail on medical ground.

New Delhi [India], July 25 (ANI): The Supreme Court on Monday took note of arbitration proceedings initiated by the Delhi High Court against real estate company Amrapali Group on former cricketer Mahendra Singh Dhoni's plea.

New Delhi [India], July 9 (ANI): The Central Bureau of Investigation (CBI) on Saturday registered a case against senior officials employed in the Delhi Jal Board and the former General Manager of National Buildings Construction Corporation (NBCC) for alleged conspiracy to provide undue favour to a private company.

New Delhi [India], July 9 (ANI): A search by a joint team of the Central Bureau of Investigation (CBI) and Income Tax (IT) is underway at the house of the former Chief General Manager of National Buildings Construction Corporation (NBCC) DK Mittal, in connection with a 'Prevention of Corruption Act'. He has recently retired from the corporation.

New Delhi Mar 30 PTI A consortium of seven banks will disburse Rs 1500 crore loans to complete the construction of stalled projects of erstwhile Amrapali group following a direction by the Supreme Court The state-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali Stalled Projects and Investment Reconstruction Establishment ASPIRE and supervision of the Supreme Court On March 28 the Supreme Court directed the Bank of Baroda-led consortium of seven banks to effectuate disbursal of Rs 1500 crore by Tuesday for the construction of stalled real estate projects of Amrapali Group In a statement NBCC said that an agreement has been signed between ASPIRE and a consortium of seven public sector banks on March 29 for the disbursal of Rs 1500 crore loan for stalled Amrapali projects The seven banks in consortium are -- Bank of Baroda Indian Bank UCO Bank Punjab National Bank Bank of India State Bank of India and Punjab Sind Bank Nearly 40000 homebuyers awaiting possession of their dream homes will be benefited by this progressive initiative the NBCC said Housing brokerage firm Anarock has got the mandate to sell around 5400 unsold flats of erstwhile Amrapali group Recently Anarock said it has already facilitated the sale of 150 units for Rs 70 crore It expects a total sales bookings of over Rs 2200 crore from the entire available inventories for sale PTI MJH SHW SHW

New Delhi Mar 28 PTI The Supreme Court on Monday directed the Bank of Baroda-led consortium of seven banks to effectuate disbursal of Rs 1500 crore by Tuesday for the construction of stalled real estate projects of Amrapali Group A bench of Justices UU Lalit and Bela M Trivedi noted that six banks -- Bank of Baroda State Bank of India Bank of India Punjab National Bank Punjab and Sindh Bank and UCO bank -- have granted in-principle approval for disbursal of funds while Indian Bank is expected to do so Monday evening We therefore direct all the banks of the consortium to effectuate funds disbursal by tomorrow so that NBCC can put the amount in use by March 31 the bench said The National Buildings Construction Corporation NBCC has been entrusted by the top court with completing stalled projects of Amrapali Group The top court also retained a direction in its earlier order of August 13 2021 on the plea of the Reserve Bank of India regarding a blanket ban on declaration of Non-Performing Assets NPA accounts and said that it does not want any roadblock in the funding of stalled projects by the banks The bench said it would consult RBI if required whenever any matter comes before it Advocate ML Lahoty appearing for a group of Amrapali home buyers said that former director of the group Prem Mishra had sold flats plots and villas even during the pendency of the matter before the top court at the time when an injunction was in place He urged the court that Rs 85 crore be recovered from Mishra and the unsold inventory be put to auction to generate funds for the stalled projects On March 21 the top court had said its number one priority is to ensure that every Amrapali home buyer gets a flat The top court was told by the court receiver senior advocate R Venkataramani that initially they had issued a list of around 8000 flats which were not claimed by any buyer or which were booked under bogus names or were undervalued Since then around 4000 claimants came forward and we are in process of finalising their agreements Around 4000 flats still remain and we hope in the next two weeks or ten days more people may come forward and eventually 3000 such flats would remain These flats will be treated as unsold inventory and will be auctioned to generate more funds he had said The top court was told by Venkataramani that till now over Rs 900 crore has been paid by the home buyers as per the scheduled payment plan and more needs to be paid Around Rs 700 crore worth of properties were sold at undervalue and we are trying to work it out with the home buyers whom we have been able to trace Around 300-500 cases of multiple allotments were spotted whose verification is underway he had said On March 7 the top court was told that Bank of Baroda which is leading the six-bank consortium has infused Rs 300 crore The top court had directed the other banks of the consortium to release the balance amount of Rs 1200 crore before the next date of hearing On February 21 the NBCC assured the top court that the construction of stalled projects of Amrapali Group will be of good quality and independent experts will assess the safety and quality standards The NBCC had earlier told the top court that at present 10 projects in Noida and 12 projects in Greater Noida are under execution involving 45957 units with a sanctioned project cost of Rs 802578 crore The apex court in its July 23 2019 verdict had cracked the whip on errant builders for breaching the trust reposed by home buyers and ordered the cancellation of the registration of Amrapali Group under real estate law RERA and ousted it from prime properties in the NCR by nixing the land leases Former group directors of Amrapali -- Anil Kumar Sharma Shiv Priya and Ajay Kumar -- are in prison on the top courts order The court had directed a probe by the Enforcement Directorate into alleged money laundering by realtors providing relief to over 42000 home buyers of Amrapali Group with the verdict The top court which is trying to bring in funds for the stalled projects had then directed the state-run NBCC to complete the stalled projects of Amrapali Group PTI MNL SMN

Gurugram (Haryana) [India], February 18 (ANI): The Gurugram District Administration has instructed to vacate an "unsafe" Green View Society developed by stated-owned NBCC.

Gurugram (Haryana) [India], February 17 (ANI): During a meeting among Gurugram Deputy Commissioner Nishant Kumar Yadav, the residents of Green View society in Sector 37D and National Building Construction Corporation (NBCC), it was decided that from a safety point of view, the houses will be vacated by March 1.