NEW DELHI/NOIDA: Two thirds of Amrapali’s stuck housing projects in Noida and , including Leisure Valley, Golf homes and Dream Valley, will take up to four years for completion while the remaining ones will need about a year, an assessment by a team of National Buildings Construction Company () officials has concluded.
About three dozen engineers and representatives from the defaulting builder visited 16 projects on Sunday. Sources said this was the first site visit to assess the ground situation so that a detailed plan could be prepared by September 4.
NBCC will have to submit details on revival of projects to the Supreme Court including timelines, framework for agreement among authorities, builders and the agency that will take over the projects. Sources said the team found hardly any work done in the case of nearly half a dozen projects and another 4-5 project sites were completely deserted. “It will take a few months to mobilise manpower at these sites. Work on projects such as Sapphire-I and II, Silicon City and Princely Estate can be completed in 6-8 months after taking over,” asource said.
The Amrapali group had told NBCC that Rs 5,000 crore would be required to complete the unfinished projects. TOI on Thursday had reported that the state-run construction company had estimated the cost of completing the much-delayed housing projects at Rs 7,000 crore. Amrapali group had sold 42,000 flats of which 25,000 are yet to be completed. According to industry experts, the primary concern of engineers was the status of buildings and the extent to which they had weathered.
“It is one thing to state it on paper and another thing to get down to the ground and execute it. Different buildings are at different stages of completion and a health audit of the structure is needed. All buildings can be salvaged if there is no rust on the frame work,” an expert involved in the assessment said.
The Noida Authority is likely to vet completion of Amrapali’s pending projects. The authority issues final occupancy and completion certificates of all projects falling under its jurisdiction. If the experiment succeeds, it will pave the way for revival and completion of other projects by roping in credible project management entities such as NBCC, which can tap funds from the market and other resources to finish the pending work.
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