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Amrapali to take 45 days to hand over projects to co-builders

In the wake of a detailed order by the Supreme Court on May 17 directing the Amrapali group to complete and deliver the pending projects on a water-tight schedule, the builder on Monday stated that it has started the process to hand over the papers and maps to the three co-builders who have been appointed to complete the pending projects. However, the handover process itself will take 45 days, the group said. “We have received the order on May 21 and will need 30-45 days to mobilise the handover. The period of completion given by the Supreme Court includes this mobilising period,” said a company official. The three builders selected for the completion of the pending projects are Galaxy Dream Homes, India Infoline and Kanodia Business Pvt. Ltd. The pending projects have been divided into four baskets for completion. A minute timeline has been drawn for executing the same.

Source : ET Realty