Homebuyers Seek PMO's Intervention in Amrapali Dream Valley Dispute
Passport Impoundment Request for Amrapali MD Anil Sharma
Homebuyers of the beleaguered Amrapali Dream Valley project have penned a desperate letter to the Prime Minister's Office (PMO), urgently seeking permission for the impoundment of the passport of Amrapali's Managing Director, Anil Sharma. This unprecedented move stems from the buyers' deep-seated fear that Sharma might attempt to flee the country, given the project's significant construction delays and the company's substantial debt to Noida and Greater Noida authorities.
Project Status and Background
- Project Completion at Stake: Despite most of Amrapali's projects being sold, the construction of these ventures, including Dream Valley, remains woefully incomplete.
- Debt Woes: Amrapali is among the top defaulters, owing a substantial amount to local authorities, exacerbating the concerns of its investors.
Appeal to the Prime Minister
In a heartfelt letter submitted on February 22, the Dream Valley buyers have earnestly requested that stringent measures be taken to safeguard the interests of the buyers who have heavily invested in Amrapali's projects. The letter underscores the urgency of the situation, highlighting the need for swift action to protect the rights of the homebuyers.
Noida Homebuyers' Association Demands Action
Meanwhile, the Noida Homebuyers' Association has stepped up pressure on the Noida Real Estate Authority, positing a strongly worded letter on Thursday. The association seeks a comprehensive explanation for the authority's perceived inaction regarding investigations into defaulting builders and the lack of oversight that has led to the current crisis.
Reference to Recent Arrest
The association's letter draws attention to the recent arrest of Avdesh Goel, owner of Earth Infrastructure, by the Delhi Police on February 20. Goel's arrest, predicated on complaints filed by investors with the Economic Offences Wing, serves as a reference point, emphasizing the necessity for immediate and decisive action against errant developers.