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Monday, November 4, 2024
TopicAmrapali

Topic: Amrapali

SC clears decks for state-run NBCC to build extra flats in 6 stalled Amrapali projects to recover costs

Court allows NBCC to buy higher FAR from Noida & Gr Noida authorities to build the flats. Some of the money made from their sale will go towards settling bankrupt builder's lease dues.

State-run NBCC coming up with 13,000 apartments at Amrapali’s vacant plots in Greater Noida

Construction will start in June at Centurian Park, Golf Homes, Leisure Park, Leisure Valley, and Dream Valley — all located in Tech Zone-IV sector.

Bank loans to higher floor-area ratio, how state-run NBCC plans to complete stuck Amrapali projects

Higher floor area ratio will allow National Buildings Construction Corporation to construct more flats in the five projects that have unused land and sell them to pay off Amrapali's pending dues.

CBI books Amrapali Biotech over alleged fraud of Rs 47.97 crore in PNB

CBI also booked the company's directors for misappropriating the loan amount given to them by the bank 'with an ulterior motive to embezzle the public money'.

SC asks banks to release sanctioned loan amount to home buyers in Amrapali projects

Supreme Court bench says amounts will be released notwithstanding the fact that the home buyers’ loan accounts with banks have been declared NPAs.

Supreme Court allows seizing JPMorgan’s assets in Amrapali investment case

Supreme Court had asked ED to probe JPMorgan’s role in allegedly helping property developer Amrapali Group divert Rs 140 crore from realty projects.

How Amrapali cheated 49,000 homebuyers, according to Supreme Court

Supreme Court has cancelled registration of Amrapali Group, directed NBCC to complete its projects & instructed ED to charge directors with money laundering & fraud.

Gaurav Bhatia: A BJP talking head who is as much a talking point

Gaurav Bhatia is being hailed as a rising star on the BJP's spokesperson circuit, assuming a mantle that has gained much notoriety under Sambit Patra.

On Camera

Royal Enfield bikes are the new rage in Bangladesh. What happens to ‘boycott India’ now

Royal Enfield has launched four 350cc models—Hunter, Classic, Bullet, and Meteor—priced between Bangladeshi Taka 3.4 lakh and 4.35 lakh in Bangladesh.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.