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The Times of India
The Times of India
National
TNN

Amrapali project: SC tells Noida to be non-obstructive on unused floor area ratio for funding

NEW DELHI: The Supreme Court on Monday asked Noida and Greater Noida authorities to be "non-obstructive" in their approach while dealing with Amrapali projects as they strongly opposed the court-appointed receiver's suggestion to sell unused FAR (floor area ratio) to raise funds to meet construction cost.

A bench of Justices U U Lalit and Bela M Trivedi made it clear that the authorities, being public bodies, should not forgo their claims but they should be also realistic in their approach as the receiver was making allout efforts to complete Amrapali's all housing projects in which more than 46,000 buyers had invested money and majority of them were still waiting to get possession of flats.

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