Video Editor: Abhishek Sharma
Translations: Debayan Dutta
Amrapali home-buyers got a huge relief as the Supreme Court has directed the National Buildings Construction Corporation (NBCC) to complete its pending projects. Although this is a step in the right direction for home-buyers, they are still facing many unanswered questions.
Satyendra Narayan Singh, who bought a flat from Amrapali, says that the SC decision brings relief but no agreement has been reached so far. He says that the SC hasn’t specified a time-limit; if that had been done, there would’ve been more hopes of acquiring a flat.
“Why did the court ask us to deposit money without a concrete construction plan? How and when will my house be ready? Will the bank give me a top up loan on the remaining money or not? How and when will the authorities give us a completion certificate?”Akhilesh Verma, Amrapali Homebuyer
The homebuyers are also faced with many issues such as lack of a concrete construction plan, increasing interest rates, and so on.
“How much money do the buyers have to deposit in 3 months? In whose account will the interest from the fixed deposit go? If NBCC fails to complete the project, then how will we get the remaining money back?”Kapil Khameshra, Amrapali Homebuyer
“How and when will my house be ready? Will the bank give me a top up loan on the remaining money or not? How and when will the authorities give us a completion certificate?”Lokesh Singh, Amrapali Homebuyer