Amrapali Homebuyers Start Paying NBCC
Over 40,000 homebuyers of Amrapali will start paying the remaining amount from August, as per the latest payment schedule prepared by the state-run NBCC (India). As per the schedule, over 10000 homebuyers, who will get the possession by June 2021, will have to pay the remaining amount in four instalments of 25%. Rest of the homebuyers are allowed to pay in 10 instalments of 10% as per the delivery schedule. The new payment schedule has come in the wake of protest by homebuyers. NBCC is involved in the completion of 23 housing projects by Amrapali Developers. The estimated cost of completion of all Amrapali projects is about Rs 8,500 crore. “In the next three years, we are expecting Rs 3200 crore from buyers and with partial funding starting from August, we expect to follow the construction schedule and deliver all flats by February 2023. About seven projects that are to be completed by June 2021, have a due of Rs 200 crore and they will pay in four instalments,” said NBCC Seven projects in Group one will be delivered by June 21, while three projects under group two will be delivered by July 22. NBCc has nine projects under group three, where the majority of work is left and this is scheduled to be completed by August 23. NBCC has handed over two stalled projects while execution work at eight more projects housing 12,169 units valued at Rs 618.08 crore, is ongoing.
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