NEW DELHI: Opposing a proposal for depositing an additional amount of Rs 200/sqft for their flats as suggested by the court-appointed receiver, Amrapali homebuyers on Friday told the Supreme Court that the amount needed to complete the construction could be raised from selling FAR (floor area ratio), unsold flats and the assets of the group and its promoters, and that additional burden should not be put on their shoulder.
Facing fund crunch in completing the construction of all housing projects of Amrapali Group, the receiver has decided to raise fund of around Rs 500 crore from homebuyers to meet the shortfall and asked them to deposit an additional amount of Rs 200/sqft of their flats as the cost of construction increased substantially since initial booking of the unit was made by homebuyers a decade ago.
