Noida: There was no end to the joy of the homebuyers of the Amrapali Silicon City (Phase II) in Sector 76 on Thursday after the 'Bhumi Pujan' ceremony was conducted by the National Buildings Construction Corporation (NBCC) appointed Ishwar Singh and Associates Constructions Pvt Ltd with a promise that their homes will be ready in a span of two years.
The Phase II of the Silicon City project is nothing but unfinished structure from the last six years but the appointment of a new contractor has brought hope for the homebuyers who are bearing the burden of loan EMIs even after ten years. The booking of units in the township commenced in 2010 but were left incomplete after September 2014.
There are 871 units in six towers namely W, X, Y, Z, A1 and B1 which are raw civil structures.
Vimal Tripathi, President of Amrapali Silicon City Flat Owners Welfare Society (ASCFOWS) told CitySpidey that in the first year, the contractor will be completing the basic infrastructure, following which, common areas and other facilities will be taken up by them.
He added there was nobody to listen to them. “The authorities had put their foot back and the builder had fled. It is only the highest court of law and our lawyer's team led by ML Lahoti that helped us to get our homes,” he said.
The ASCFOWS consists of 550 aggrieved homebuyers who had moved court to seek justice for themselves after the builder went bankrupt and ran away. The homebuyers have paid Rs 21 crore of the Rs 85 crore they have to deposit. The completion cost for the phase II is Rs 127 crore.
After the flats get completed, it will be handed over to the Supreme Court-appointed Court Receiver who will undertake the process of registration.
In spite of all the hardships that the Amrapali buyers had to face even after paying 95 per cent of the money, the banks are still not ready to disperse their loans.