Homebuyers in Amrapali projects want the Supreme Court to direct probe against the realty giant for diverting their money through dubious transactions.
The report was prepared under proceedings of Insolvency and Bankruptcy Code initiated against the company by the creditor bank after the company failed to pay it back.
NBCC, which had earlier told the apex court that it was ready to undertake the projects of the embattled realtor, placed a proposal before the court for completing the projects in phases.
Despite assurance by Unitech Ltd, Noida resident was not given possession of a flat he booked in Unitech Horizon even after a lapse of over 7 years.
A ban has been imposed on construction in several states & union territories over on waste management norms.
The construction of this project, which is located close to Cyber City that commands high rental, is in advanced stage and the company has already pre-leased about 60 per cent of the area.
Panvel enjoys high property supply, demand is growing due to construction of Navi Mumbai Airport and proximity to railway station and national highways.
