The bench directed the Housing departments of Centre and state governments to ensure action under RERA is taken against persons or firms that default on delivering homes on time. As for Amrapali homebuyers, there was some good news. The court allowed them to take possession and directed the Noida/Greater Noida authorities to issue them completion certificates, notwithstanding huge dues of Rs 5,000 crore recoverable from Amrapali. With regard to flats still under construction, the court directed the public body National Building Construction Corporation to complete the pending projects at a commission of 8%. The Court noted this to be a "device" for siphoning off the money of the home buyers to foreign countries.
Source: dna July 24, 2019 00:00 UTC