Amrapali homebuyers were assured most of their houses would be delivered to them by the end of this year and the remaining by March 2025. NBCC will also develop and sell an additional 13,500 flats on unused land parcels in five ongoing projects of the realtor in Greater Noida, which will help raise the funds needed to complete its assignment.
NBCC to generate additional revenue of ₹15000 crore from the new flats that it will develop on the 75 acres made available to it following approval of FAR
According to Swamy, NBCC would pay a due of Rs 590 crore for the additional 3.5 FAR. The current FAR which is the ratio of the building’s floor area to the area of the land plot it is situated on is 2.75.