National News

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

The first draw of unsold residential and commercial units of Phase-I in the Supreme Court-monitored Amrapali Housing Projects was held successfully on June 14 at NBCC (India) Limited’s headquarters

PSU Watch Bureau

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.

ALSO READ:

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.)

Cabinet clears another coal gasification scheme, with financial outlay of Rs 37,500 cr, to gasify 75 MT coal

OIL’s standalone profit slips in FY26, but consolidated earnings rise on refinery gains, stronger Q4

MoS for Coal and Mines reviews operations at ECL

Govt may have to hike fuel prices if West Asia crisis prolongs: RBI Governor

PFC posts record Rs 20,051 crore PAT, but borrowing costs up