News
Naidu asks Amrapali to fulfill promises made to consumers


A day after the Samajwadi Party called for strict action against defaulting builders in Noida, Union Urban Development Minister M. Venkaiah Naidu on Sunday asked infrastructure firm Amrapali Group to fulfill the promises made to the consumers.
According to an ANI report, Naidu asked builders, including Amrapali, to fulfill the promises. “There is no need to comment on this issue, they have to adhere to the schedule. What has been promised has to be fulfilled, because of such examples only, the real estate Bill was resuscitated,” Naidu told ANI.
Referring the real estate Bill passed by Parliament recently, Naidu urged the builders to adhere to the timed schedule.
“I appeal to all the builders to adhere to the timed schedule. The real estate Bill is passed by both Houses of the Parliament. Now we’re discussing about framing of rules. An Act will come into force soon. Action will be taken against those responsible,” he added.
The Amrapali Group is one of India’s leading real estate companies. On Friday, its brand ambassador and India’s one-day cricket captain MSDhoni quit the post after angry homebuyers trolled him on Twitter.Dhonisaid that he would take up the homebuyers’ concern with Amrapali, adding that “whatever is promised, I think it needs to be met.”
Over 4,000 buyers of the group’s ‘Golf Homes’ project are the worst sufferers after the real estate giant delayed the possession by about 15 months.
-
News2 weeks ago
Floor property prices to shoot up post Haryana Govt’s decision revoke construction of stilt plus four floors
-
News3 weeks ago
Office spaces demand move up in Faridabad
-
Developers Speak4 weeks ago
Mopa Airport is catapulting Sindhudurg into a thriving second home market
-
New Launches3 weeks ago
Magicbricks launches AI powered marketing solution tool, PMS
-
News4 weeks ago
Increased participation of Women needed in Real Estate, Construction sectors for $5 trillion Indian Economy: Naredco Mahi
-
News4 weeks ago
Embassy enters into strategic sale of its partial shareholding in Embassy Office Parks REIT, “Embassy REIT” to Bain Capital
-
New Launches3 weeks ago
CRC launches housing project, CRC Joyous
-
News3 weeks ago
PropTiger.com appoints Sridhar Srinivasan as its National Sales Head