NBCC: First draw held for allotment of unsold inventory of Amrapali Projects

New Delhi: Marking the successful beginning of the allotment process in the Supreme Court-monitored Amrapali Housing Projects, the first draw of unsold residential and commercial units of Phase-I was held successfully on June 14 at NBCC (India) Limited’s headquarters. While expeditiously acting upon the issue of resolving the homebuyers’ crisis, units were allotted through a lottery system to the applicants who had submitted their applications previously. Considering the ongoing COVID-19 second wave, applicants joined digitally and the draw was conducted in an organised yet transparent manner by the company.

To elaborate further, the total eligible applicants considered for the draw were 87. However, 49 units were put for sale out of which 20 units were allocated in total. Unsuccessful/ waiting applications will be provided with an opportunity to book units from 29 balance available units.


1. Our offer for Jaypee Infratech 'legally compliant', claims NBCC

2. NBCC bags PMC order of Rs 596.75 crore for construction work in NIT-Uttarakhand

The program was graced by R Venkatramani, Court Receiver (through VC); Ravi Bhatia, Forensic Auditor; DK Mishra, Chartered Accountant; L Shivaraman, office of Ld. court receiver and KPM Swamy, ED (Engg.)- RBG Amrapali, NBCC accompanied by his team members. The event concluded with a vote of thanks to all the participants and dignitaries present during the event.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)