Monday, October 7, 2019

Court receiver shares sequence of tripartite agreement for Amrapali buyers

NOIDA: The Supreme Court-appointed receiver, R Venkatramani, has come out with a list of the sequence in which buyers of Amrapali projects will sign agreements with the builder and the respective authority for registration.

The verification and registration of buyers will be done in two phases. The first phase has buyers of Sapphire 1, for which work has already started. The next in sequence are buyers of Sapphire II, followed by Eden Park, Platinum, and several others. Projects lined up for registration in the second phase are Castle, Grand and Leisure Valley.

The court receiver has, however, clarified that the sequence of registration may change if there is a need.

The list shared by Venkatramani has been sent to the Noida and Greater Noida authorities, who will also be part of the tripartite agreements along with the builder and buyer. The court receiver has also pointed out that some RWAs have been found to collect money from homebuyers as registration expenses. He has specified that no buyer has to pay any money as registration fee.

“I will advise postponing the registration of projects where such a problem exists,” Venkatramani has said in a letter.

Owners of commercial space in Amrapali projects have also met the court receiver, but there has been no resolution on the matter yet. “Since the major concern is the benefit of homebuyers, we would appeal to the court receiver to first resolve the registration process for them before taking up the issue of commercial space,” said Ravi Kant, a resident of Sapphire phase I.
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