ET: NBCC to deliver all Jaypee flats within three years

11 March 2019: NBCC India plans to deliver all Jaypee Infratech flats within three years. The commitment was conveyed in a meeting held between NBCC and home buyers at Scope Convention Centre on Monday.

The company in its initial bid submitted to the National Company Law Tribunal (NCLT) has given a timeline of 4-5 years depending on the project’s construction status. However, after meeting with home buyers NBCC plans to revise the timeline.

One of the buyers, Bidhayak Rakshit, joint general secretary, Aman Buyers’ Welfare Association, who attended the meeting informed ETRealty that NBCC has said that their prime goal is to complete and handover flats to buyers.

According to a source, Anoop Kumar Mittal, CMD, NBCC did a site survey of Jaypee projects last Sunday. Mittal declined to comment.

For now, NBCC has shared a project-wise schedule and has said that no additional charges would be levied on the home buyers for any incidental increase in super-area.

Home buyers however demanded that NBCC share a tower-wise schedule. “We demanded that all agreements, plans, designs entered between Jaypee and home buyers should remain unaltered,” said Rakshit.

NBCC has also shown commitment to honour the agreement of refund seekers with Jaypee, said the source quoted above.

Rakshit however objected to the completion schedule of March 2021 proposed by NBCC for Jaypee Aman project. “The project is 90% complete and only a few towers (3-4) are left for offer-of-Possession in Aman, it should not take more than three months to complete, whereas the time timeline indicated by NBCC seems unrealistic.”

The Economic Times reported

Categories: General News

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