Over 9,500 Benami Amrapali Flats To Be Resold To Fund Stalled Projects

The top court said that it will direct that a 15-day notice be issued to the 9,538 Amrapali flat buyers to update their registration and make payments, failing which these units would be considered unsold and auctioned off.

The Supreme Court has initiated the process to cancel the bookings of over 9,500 Amrapali project flats, which are unclaimed or booked in the name of fictitious persons or are benami property, to fund stalled projects. The top court said that it will direct that a 15-day notice be issued to the 9,538 buyers to update their registration and make payments, failing which these units would be considered unsold and auctioned off. A bench of Justices U U Lalit and Ajay Rastogi said it will pass an order on the issue after advocate ML Lahoty, appearing for home-buyers, said they have submitted a note earlier that the unsold inventory and flats booked on fictitious names, as identified in a forensic audit, need to be resold to generate funds for pending projects. The order is yet to be uploaded on the top court's website.