Home Amrapali Group Amrapali Dream Valley (23 Complaints)
Mayursinh Kumpavat 30th Nov

The group included more than 500 people who invested in a massive housing project outside Delhi, which has since collapsed.

NEW DELHI: Hundreds of homebuyers Tuesday petitioned India\'s top court to challenge the country\'s insolvency law, their lawyer said, amid fears that bad loan problems are spilling over to hurt ordinary people.
The group included more than 500 people who invested in a massive housing project outside Delhi, which has since collapsed.

None of the investors have received their homes at the Silicon Valley township project -- more than four years after the original delivery date.

But a bank that lent the developer Amrapali 510 million rupees ($7.7 million), has moved to initiate bankruptcy proceedings against it after the company defaulted on its loan repayments.

The petitioners claim the bankruptcy law introduced last year gives banks that lend to property developers unfair priority, and fails to safeguard homebuyers, their lawyer Ashwarya Sinha told AFP.

Once a company declares itself bankrupt, buyers are unlikely to get either their promised apartments or have investments returned.

\"The law is flawed and it should treat homebuyers at par with secured creditors,\" Sinha said.

\"Under the bankruptcy law consumers are not recognised as creditors.

\"At most they will be granted the status of an unsecured creditor, but in that case not even the principal amount is secured, forget the interest payments the buyers have made.\"

Unsecured creditors are among the lowest on the totem pole of claims.

The petitioners are among millions of middle-class Indians eager to own their own homes, and who, from the mid-2000s onwards, poured cash into new building projects on the outskirts of major cities as a property boom took hold.

But many major residential property projects in India have been held up as real estate companies put the cash invested by homebuyers to uses other than completing existing projects, leaving consumers who poured in their money stranded.

Meanwhile, with India\'s real estate sector now riddled with debt and delays, the nation\'s banks -- which have some of the highest levels of bad debts in emerging markets -- have stepped up efforts to clean up soured loans.

Amrapali is the second real estate company to face bankruptcy proceedings after Jaypee Infratech, where more than 30,000 people are still waiting for the homes they paid for.

Experts worry as Indian banks step up much-needed efforts to clean up their balance sheets, there could be more such cases.

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satish kumar 24th Nov

Booked one bhk in Amrapali dream valley in Jan 2013.the possession according to bba is 42 months.but still their is no hope of possession.it is cheating with me .

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Joydip Roy Barman 24th Oct

Never thought Amrapali will turn out to be such fraudster. I booked 1BHK flat at Amrapali Dream Valley II on Jan, 2013. Till now paid 95% of total amount. Paying EMI Rs.16000 PM. Builder assured possession on Aug, 2016. But project still unfinished, a lot of pending works to be done. Meanwhile Builder stopped work at site. Only God knows whether flat will be delivered or not! Builder is supposed to pay penalties for delayed possession. I am in the verge of loosing all of money, paying burden of EMI and mental harassment as bonus. Govt is taking no action against builder, though they have collected hefty service charge on each installment.
I, as a buyer, now want justice. I want full refund with interest or immediate delivery of flat. Someone please suggest how to go for legal proceedings against the Builder.

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Whatsapp group

Manu Khanna 27th Sep

Anyone from Enchante project who wants to join the whatsapp group please share your contact number on 9971006143

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Vinit Kumar Reply 4wk
I booked 2BHK flat at Amrapali Dream Valley II on July 2012. Paying EMI Rs.15000/month. Builder assured possession on Lastly Jan 2016. But Super Structure not finished, a lot of pending works to be done. Meanwhile Builder stopped work at site. Builder is supposed to pay penalties for delayed at the time of possession. paying burden of EMI and room rent also. Government also not taking action against builder. I, as a buyer, we want justice. I want full refund with interest or immediate delivery of flat. Someone please suggest how to go for legal proceedings against the Builder. Vinit Kumar 08882703709.

Delay in possession

Drneelima bisht 16th Sep

We have booked a unit F6 103 in amrapali dream valley project. But fill now even super structure is not ready.Kindly add my no.to any WhatsApp group of amrapali buyers .
Thank you
Neelima
9971824677

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ahmad khan 5th Sep

I have booked a flat in Amrpali Dream Valley Flat builder is not giving EMI to bankar since last six months bank is issuing messages for paying EMI what can I do.

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Amrapali Dream Valley fraud

Amit Mahendru 9th Aug

I had booked 1bhk in Amrapali Dream Valley-2 in 2014 but at present no construction work is going on from last 1 year. I had given 70 percent of amount ,company is not in a condition to complete the project. Several times many buyers met Anil Sharma but there is no favourable response from them. Noida Authority also not taking appropriate action against them. So please help me to get back my money.
Amit Mahendru

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Aseem Vivek Masih Reply 4mth
we have booked in dream valley 2 in 2012 presently we have no update on date of completion or date of hand over...................please add me to watsapp group my number is 9711593014
Prachi Sharma 25th Jul

Amrapali Dream Valley project homebuyers on Tuesday met the Greater Noida authority chief executive officer (CEO) Debashish Panda and demanded action against the builder for failing to make good the promises it made in the May 31 meeting.
A group of nearly 30 homebuyers on Tuesday gathered outside the authority office in Knowledge Park-4. Later, they decided to meet the CEO to register their protest against Amrapali. The homebuyers were angry as the Amrapali Group has not submitted the tower-wise delivery schedule, as promised during a meeting on May 31, 2017.
The Amrapali Group had in 2009 launched Amrapali Dream Valley project with a total of 47 towers in Sector Tech Zone-4 . It was to construct around 12,000 dwelling units.
Around 8,000 flats of the 12,000 have already been sold but the builder has completed only 40% of the construction work, thereby troubling buyers.
“The meetings organised by the authority seem to be futile because the Amrapali Group is not bothered to resume construction at the site or submit a delivery schedule. If the builder continues to behave in the same laidback manner, we will have to sit on an indefinite protest outside the authority office,” said Satish Kumar, a homebuyer.
Homebuyers said they have already paid almost 80% of the total flat cost, but the builder is yet to finish even 60% construction on site.
“The authority officials did not properly monitor the project. The officials should be serious about implementing chief minister Yogi Adityanath’s instructions on resolving buyers’ issues,” said Hitesh Nakashi, a buyer.
Amrapali Group spokesperson said, “We will soon submit the tower-wise delivery schedule to the Greater Noida authority. We could not submit it by June 7 as we were busy making the schedule.”
Homebuyers demanded that the builder should submit details of funds collected from buyers, put in a road map for delivery and also notify the date when construction would resume on site.
“We will address the issues of homebuyers. Our efforts are to resolve buyers’ issues. Buyers should have patience,” Panda said.


http://www.hindustantimes.com/noida/greater-noida-homebuyers-demand-action-against-amrapali-group/story-GMeqbpUtiREvsGUZikj2WO.html

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Ujjawal Gupta Reply 3mth
Please add me in Amrapali dream valley what's app group if possible 9811517750
Nishant Gupta Reply 4mth
No one has understand our concern coz buyer like me who has booked flats in 2012 with the possession commitment in 36month still my flat in air. I have paid 88% plus ST of the total cost & paying EMI of HL & rent as well. Either of one should stop now other I may become NPA without fault. Anyone pls add me in Amrapali dream valley what's app group if possible 8588895954
Nishant Gupta Reply 4mth
No one has understand our concern coz buyer like me who has booked flats in 2012 with the possession commitment in 36month still my flat in air. I have paid 88% plus ST of the total cost & paying EMI of HL & rent as well. Either of one should stop now other I may become NPA without fault. Anyone pls add me in Amrapali dream valley what's app group if possible 8588895954
Nishant Gupta Reply 4mth
No one has understand our concern coz buyer like me who has booked flats in 2012 with the possession commitment in 36month still my flat in air. I have paid 88% plus ST of the total cost & paying EMI of HL & rent as well. Either of one should stop now other I may become NPA without fault. Anyone pls add me in Amrapali dream valley what's app group if possible 8588895954
Prachi Sharma 22nd Jun

NOIDA: Buyers of Amrapali Dream Valley on Wednesday threatened to go on a hunger strike if the builder did not provide conclusive project completion deadline.
The buyers claimed in a press note that the builders committed with them to provide them with a break-up of phased completion of the project which was launched in 2009. A tri-party meeting was held with buyers at Greater Noida authority on May 31.
The builder had committed that a road-map for completion will be submitted by June 7, but even today, the buyers did not find the same at GNIDA.
“We will have to escalate our protests to get ourselves heard. It is a huge project and we are concerned with the delivery road-map of the project,” Hitesh Nikashi, a buyer stated.
Commenting on the buyers’ complaints, Shiv Priya, executive director Amrapali, responded, “Though Dream Valley is not directly under me, but I can state that work is in progress towards completion. It may be taking a bit of time, but all promised documents will be submitted.”

http://realty.economictimes.indiatimes.com/news/residential/amrapali-dream-valley-home-buyers-demand-completion-road-map/59155443

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satya narayan meena Reply 1mth
Please also add me in Amrapali dream valley what's app group if possible 9999660022
Ujjawal Gupta Reply 3mth
Please add me in Amrapali dream valley what's app group if possible 9811517750
lalit goyal Reply 6mth
BIGGEST FRAUD BUILDER
jay shah 9th Jun

The Greater Noida authority on Wednesday organised a tripartite meeting of Amrapali Group CMD Anil Kumar Sharma and homebuyers at its Knowledge Park 4 office with an aim to address buyers’ grievances.

The authority’s additional chief executive officer Janardhan, financial controller Arvind Mohan and other officials directed the Amrapali Group to submit a detailed roadmap as to how the realty firm will deliver the flats by June 7 failing which it will face action. Amrapali Group had in 2009 launched Amrapali Dream Valley project in sector Tech Zone-IV that has total 47 towers where it wanted to construct around 12,000 dwelling units. Around 8,000 flats out of 12,000 have already been sold to home-buyers.

Homebuyers are upset with the builder and are threatening to sit on a fast-unto-to-death from June 20 claiming the builder failed to deliver flats in 2013 as promised.

“Even now, the builder has got no concrete plan to revive and deliver flats to buyers. Now he wants to rope in a co-developer to deliver the flats to the buyers. The builder has collected around ₹748 crore from 8,000 homebuyers and only 40% construction has been completed at 47 towers. The builder has diverted funds into other businesses,” said Hitesh Nakashi, a buyer.

Homebuyers said they have already paid almost 80% of the total amount, but the builder is yet to finish 60% construction on site.

“We want the builder to provide a balance sheet as to where he spent the funds collected from buyers. If he had spent the funds on the project, we would have had the flats delivered by now,” said Satish Kumar, a buyer.

Homebuyers said that they have decided to intensify their agitation not only against the builder but also against the authority because officials did not conduct proper monitoring of the project.
“We have directed the builder to submit balance sheet, tower-wise completion plan and co-developer details by June 7. We will also get conduct inspection done at the site to ensure the builder does not fool buyers by furnishing wrong information,” said Janardhan, the ACEO.

The Amrapali Group assured that he will resume construction by July 1.

“The project was delayed due to court cases over land between farmers and the Noida authority. We assure buyers to address their issues. We will submit details as sought by the authority and resume construction at earliest,” said Anil Kumar Sharma, CMD of Amrapali Group.


http://www.hindustantimes.com/noida/authority-directs-amrapali-to-submit-plan-on-delivering-flats/story-IvNbWVpxRIy6qel4HMclAK.html

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jay shah 30th May

A group of around 70 homebuyers on Tuesday protested against the Greater Noida authority after its chief executive officer Amit Mohan Prasad refused to meet them at the Knowledge Park-IV office.

Homebuyers from various housing projects, including Value Infra’s Skywalk, Amrapali’s Dream Valley, Supertech’s Eco Village, ShubhkamnaBuildtech and Gaursons, among others, wanted to meet the CEO to discuss several issues.

Homebuyers became agitated after some police constables allegedly pushed them out of the office. Homebuyers ended their protest after the CEO agreed to meet them.

“Homebuyers from Supertech’s Eco Village and Gaur City wanted to meet the CEO because they are facing problems of daily traffic jams at KisanChowk and near Crossings Republik. We discussed issues such as the need for foot overbridges, metro connectivity in Greater Noida west and ways to get back the investments made in projects, whose builders have fled,” said Abhishek Kumar, president, Noida Extension flat owners welfare association.

Homebuyers said the CEO was “angry with them as he did not wish to meet them”.

“We demanded that a tripartite meeting of buyers, builders and officials be started in Greater Noida as is being done in Noida. Let us see if the CEO will consider our demand or not,” said SurendraBaranwal, a homebuyer.

Homebuyers have also asked Prasad not to scrap the proposed 15km Metro project, which was supposed to connect Noida’s Sector 71/51 to Greater Noida’s Knowledge Park-IV.

“We asked the CEO why he has not started work on the project to provide metro connectivity to Greater Noida west. The CEO said he has not scrapped the project. He said the authority has put it on hold due to financial constraints,” Kumar said.

Prasad told HT that he has assured the homebuyers that all their issues would be addressed at the earliest.

“If they disturb peace, police will have to do their job. I did not refuse to meet them. I met around 100 homebuyers and told that I would try to address their issues,” Prasad said.

The residents’ body has been complaining about traffic problems for a long time as they have demanded installation of traffic lights, construction of an underpass and foot overbridges at various important junctions outside the residential societies in Noida Extension and Greater Noida.

“Installation of traffic signals will ensure that the residents of these societies are not affected by rash driving and traffic mismanagement. We have written to the Greater Noida authority on several occasions in the past but no action has been taken so far,” said AmarjeetRathore, a resident of Gaur City.


http://www.hindustantimes.com/noida/demanding-better-amenities-homebuyers-protest-outside-greater-noida-authority-office/story-9fMSoXFwNFv3GPEUADnNLJ.html

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krishna kumar 29th May

I have booked for flat in Amrapali enchante.
They haven\'t started work yet.
What to do now?

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jay shah 25th May

A group of around 70 homebuyers on Tuesday protested against the Greater Noida authority after its chief executive officer Amit Mohan Prasad refused to meet them at the Knowledge Park-IV office.

Homebuyers from various housing projects, including Value Infra’s Skywalk, Amrapali’s Dream Valley, Supertech’s Eco Village, Shubhkamna Buildtech and Gaursons, among others, wanted to meet the CEO to discuss several issues.

Homebuyers became agitated after some police constables allegedly pushed them out of the office. Homebuyers ended their protest after the CEO agreed to meet them.

“Homebuyers from Supertech’s Eco Village and Gaur City wanted to meet the CEO because they are facing problems of daily traffic jams at Kisan Chowk and near Crossings Republik. We discussed issues such as the need for foot overbridges, metro connectivity in Greater Noida west and ways to get back the investments made in projects, whose builders have fled,” said Abhishek Kumar, president, Noida Extension flat owners welfare association.

Homebuyers said the CEO was “angry with them as he did not wish to meet them”.

“We demanded that a tripartite meeting of buyers, builders and officials be started in Greater Noida as is being done in Noida. Let us see if the CEO will consider our demand or not,” said Surendra Baranwal, a homebuyer.

Homebuyers have also asked Prasad not to scrap the proposed 15km Metro project, which was supposed to connect Noida’s Sector 71/51 to Greater Noida’s Knowledge Park-IV.

“We asked the CEO why he has not started work on the project to provide metro connectivity to Greater Noida west. The CEO said he has not scrapped the project. He said the authority has put it on hold due to financial constraints,” Kumar said.

Prasad told HT that he has assured the homebuyers that all their issues would be addressed at the earliest.

“If they disturb peace, police will have to do their job. I did not refuse to meet them. I met around 100 homebuyers and told that I would try to address their issues,” Prasad said.

The residents’ body has been complaining about traffic problems for a long time as they have demanded installation of traffic lights, construction of an underpass and foot overbridges at various important junctions outside the residential societies in Noida Extension and Greater Noida.

“Installation of traffic signals will ensure that the residents of these societies are not affected by rash driving and traffic mismanagement. We have written to the Greater Noida authority on several occasions in the past but no action has been taken so far,” said Amarjeet Rathore, a resident of Gaur City.


http://www.hindustantimes.com/noida/demanding-better-amenities-homebuyers-protest-outside-greater-noida-authority-office/story-9fMSoXFwNFv3GPEUADnNLJ.html

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Prachi Sharma 8th May

Buyers protest against Amrapali Builder in Noida

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satish bham 6th May

Flat no A2 1209A ..how can we expect possession or our amount back

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