Thursday, October 3, 2019

UCO Bank starts website for Amrapali buyers to deposit pending dues

More than two months after the Supreme Court ordered NBCC to complete the unfinished housing projects of embattled Amrapali group in Noida and Greater Noida, UCO Bank has floated a website asking all buyers to start depositing pending dues which would help finance the commencement of construction by the state-run company.

To be able to pay their dues, the buyers would have to fill in details of the project name, flat or unit number, registration or application number, buyer’s name, father’s name and amount pending towards the flat. Following this, the buyers can credit the due amount into the UCO Bank account.

“It is in the interest of all homebuyers that the funds should be repaid fast by them so that the construction work should start without delay,” Ravi Kant, a buyer in Sapphire I, told TOI on Thursday.

On July 23, the court removed the Amrapali group from its housing projects, cancelling its registration and land lease deeds, and took control by appointing a receiver and asked NBCC to complete the projects.

The court had also directed Noida and Greater Noida authorities to issue completion certificate and execute the tripartite agreement within one month in projects where homebuyers are residing and directed water and electricity supply be provided. Of its 49,000 flats in multiple projects, some 14,000 are currently occupied by homebuyers.
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