Noida News: The Supreme Court has given its approval for the construction of an additional Floor Area Ratio (FAR) in one of the residential projects of the Amrapali Group. The receiver appointed by the Supreme Court has been trying to raise funds by selling additional FAR in a total of seven Amrapali Group projects. The Noida and Greater Noida authorities had raised objections to this move, but the court rejected their objections citing an earlier order.
The Supreme Court bench, comprising Justices Ajay Rastogi and Bela Trivedi, directed the liquidator not to compromise on the basic amenities and plans of all projects while booking the apartments, and to use the additional FAR in the green area. The court has also asked the receiver to submit a revised plan to the Noida and Greater Noida Authority for approval within two weeks, after which the authority will take necessary action and inform the Supreme Court.
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The approval of additional FAR is good news for Amrapali Home Buyers as it clears the path to complete the project and work is expected to move forward as soon as possible.
The seven projects of Amrapali Group where additional FAR will be sold include two in Noida - Amrapali Silicon City (Silicon City-I, II, Crystal Homes) and Amrapali Princely Estate, and five in Greater Noida - Amrapali Leisure Valley (Verona Heights, Jaura Heights, Aadarsh Aawas Yojna, Villa), Amrapali Centurion Park (Low-rise, O2 Valley, Terrace Homes, Tropical Garden), Amrapali Smart City Developers (Golf Homes/Kingswood), Amrapali Leisure Valley Developers (Leisure Park, River View), and Amrapali Dream Valley (Dream Valley- II,Enchante Villa).
