Amrapali Builders Noida Case Study | Lessons for Home Buyers | 3000 Cr Amrapali Scam Explained
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- čas přidán 11. 09. 2024
- This video is a case study on 3,000 Cr. Fraud done by Amrapali Developers in Noida.
Once, Amrapali Group was considered as one of the biggest real estate developers of Delhi-NCR and pan India. In 2011, they had committed to deliver 42,000 flats with in 36 months. After 13 years still there are more than 30,000 home buyers who are waiting for the possession of their flats. In this video, I have shared the history, growth and success story of Amrapali Real Estate Developers, legal cases and reasons for delay in possession of project by Amrapali group, status of projects to be completed by NBCC, future of existing home buyers of Amrapali builders and lessons for home buyers from Amrapali case study
This Video Includes
1. Background of Mr. Anil Kumar Sharma, Chairman and Managing Director (CMD) of Amrapali group
2. Success story of Amrapali Developers
3. Business Expansion of Amrapali Group
4. All legal cases and controversies related to Amrapali projects
5. Why Amrapali builders were not able to complete their projects on time
6. Supreme court verdict on Amrapali group
7. Details of 3,000 cr fraud done by Amrapali builders
8. Progress and challenges in completion of the pending projects by NBCC
9. Current Status of projects of Amrapali group to be completed by NBCC
10. Funding issues in completion of the projects by NBCC
11. Why there is delay in completion of projects of Amrapali developers
12. How NBCC plans to raise funds to complete pending projects of Amrapali builders
13. Lessons for Home buyers from Amrapali builders noida case study
Reference videos
1. Rise and Fall of Supertech : • Rise and Fall of Super...
2. Builder Insolvency or Builder Arrested | What should home buyers do : • Builder Insolvency or ...
3. 12% Assured return in real estate a scheme or scam : • Assured Return in Real...
4. How to check builder Credibility and Reputation : • How to Check Builder C...
5. Real Estate Boom to Burst Story | Jaypee Infratech Case Study : • Real Estate Boom to Bu...
6. Compensation for delay in possession : • RERA for Home Buyers |...
7. 10:90 Payment plan or subvention plan | A scheme or scam : • 10:90 Payment Plan or ...
8. Why I regret buying an under construction house : • Why I Regret Buying an...
Reference reading material :
wikibio.in/ani...
www.businessto....
indianexpress....
timesofindia.i...
www.magicbrick...
www.linkedin.c...
theprint.in/in...
timesofindia.i...
About This Channel
Objective of this channel is to help young Indian know the unknown about buying a property in India
My mission is to educate young Indians about property buying process, starting from
1. How to find & buy your first house
2. How to invest in Indian real estate and make passive income
3. How to create wealth from real estate
4. Learnings for property buyers from real estate case studies
Who Am I?
A Realtor, Entrepreneur, Investor & Educator
I have worked with top developers of the country, have been an entrepreneur into Proptech space & a real estate investor for last 14 years
I want to share what I have learned to help you make a better informed decision based on awareness
You can reach me
Email: info@flatsandkeys.com
Whats app no: 9625111400
#amrapalibuilderscasestudy #realestatefrauds #realestatescams #propertyfrauds
Being a sufferer of amrapali, I can say that u have missed some points:
1. The whole problem started during 2009-10 when Mayawati govt introduced a scheme for builders. In this scheme payment to the authority was to be made @10% p.a.for 10 years, the crook Anil Sharma diacounted this scheme and launched so many projects at once.
2. Dhoni was hand in glove with Sharma, without any formal agreement he became brand ambassdor and minted crores of rupees. His friend's company(i guess Rhiti Sports) manages him.
3. He sold flats @1 to many celebrities, Harbhajan was one of them(he had flat in my tower) , he sold flats in barter(media houses etc.)
4. Politicians money was involved which was withdrawn from the group during elections.
5. BJP govt.did nothing, yes nothing except for meeting us once in a blue moon.
6. It was SC which took our case on humatarian ground, they are our savior.
7. (Not sure about this) talks were that BoB was asked by Anil Sharma to go to NCLT, IBC law ka sahi istemal is chor ne kiya.
You are very much true. Only Supreme Court save us. thanks and salute to Honorable Supreme Court. Nobody help us except making lips consolation.
Is it safe to buy a ready to move house in Amrapali princely?
@@rahularora1553paper wise it is safe because everything is in monitoring of Court receiver appointed by Hon Supreme Court, the only issue u might face is of quality of construction. Location wise it is very good
@@rahularora1553Have you bought in Amarpali..if yes, please share your experience
Will such flats will be registered?
Amrapali rise and fall is great example of nexus between builders greed and Noida, greater Noida authority's corruption under the protection of then UP govt. Thank God that we Indians have Hon'ble supreme court for justice
Very nicely explained thank you ji 👍 One request: Can you also please make an informative video on similar lines for builder floor in Gurgaon as to what these builders can do to cheat customers. As builder floors does not fall under Rera
IF THE CONSTRUCTION COST IS INCREASED , WHY NBCC HIDING THAT THE MARKET SELLING PRICE OF THE DELHI NCR PROPERTIES IS ALSO INCREASES . NBCC SHOWING THE ONE SIDE OF PICTURE OF EXPENSES , NOT SHOWING THAT MARKET SELLING PRICE IS ALSO INCREASED OF THE PROPERTIES .
He is very knowledgeable person... And this channel is very underrated.... Let's make him famous...
Thanks a lot...
Can you please make a video on affordable good projects in Noida which are by genuine developers ?
अनिल शर्मा ने बता दिया बिहारी पर बहुत ज्यादा विश्वास करना ही नहीं चाहिए
Very nicely explained, but in my view investment in these projects are quite safe,work in all incompleted projects is going on withb speed and more imp look price difference for example Verona heights is available at rate ₹4300 as against ₹6500 of Apex alphabet just opposite to it so it is good time to invest in these projects, moreover Supreme court mobitoring is imp tool of protection
Apex and sports City project are very low density and premium one. if you look at casting thikness of floor ..get better idea.. Apex 26 floors is Fully Mivan with wall thinkness 8-10 inches where as Varona height 34-36 with wall thickness 6 inches and only side structure is Mivan.. with 8000 approx flat..Apex 3.7 acer 550 flats
So I believe Varona height is costly and you don't know when they deliver 2026-2028
@@prabhakarpandey71102 years before apex and sports city offer flats in 3600-4200 rs rate 😂 and you are telling premium for those builder . I am sure you are a broker for these two flats .. well both the builders using low quality MIVAN .. for common people Amrapali projects are good for investment .. check the Amrapali enchante project made fully of MIVAN ..
@@prabhakarpandey7110side structure are only Mivan? That means the internal walls are made of bricks, right?
@@Kamal__523 yes fly ash bricks which is cost half of red brick 🧱
Currently Amrapali projects are selling like anything. Everyday inventories are getting sold. Would you say its still risky? They have said by 2024 June they will deliver their projects. And construction is going on in full swing 24*7.
Now nbcc had taken these projects they are completing now but this video is for providing information related to the fraud which builders do
@@Wondervariants In the video he mentioned that these projects are still getting constructed very slowly and people are still reluctant to buy as there is still a big question if they will be completed. On that I am telling the fact that construction is in full swing and not slow.
You are right
His homework is incomplete
I went today to visit Adarsh aawas NBCC today. There was not a single labour working. The guard said they doesn’t have funds that is why they asked all the labourers to leave for the time being. I was interested to buy but not sure if this will be a good decision or not. The rate is very attractive as per the location
Thank you sir for sharing but buyers or aam janta ki help government bhi to nhi karty h kisi vajh se bar bar asa ho raha h .builder or government mili rahty h or janta ko loothy rahty h. Many 2015 me Amarpali dream valley me flat liya tha 90% payment kar diya h.NBCC ne rate or jayda kar diya or milyga kab pata nhi. Government ne or builder ne dono khub logo ko lutta h bhut se log to itny bada dhoka bardash bhi nhi kar saky mar gay h 😢😌
Very informative video. Can you also pls pick up Avalon Group (Avalon Royal Park, Avalon Rosewood) and other projects? This builder has sold thousands of flat and defaulted on multiple projects.
Thanks for suggestion, will make a video on same. In case if you have some information on the topic please share on info@flatsandkeys.com or whats app me on 9625111400
Very very nicely explained about supertech downfall.Please make vedeo about affordable coming up in gurgaon ie are they really required for living in Gurgaon who are coming in gurgaon for there jobs.
Kindly make a video on similar lines on orris & 3c in sector 89 greenopolis in gurgaon. Your buyers will scocked how buyers even after paying 90% of amount are still running from court to & pillar to pillar.
Property agents are selling the project saying there is no issue. Where I feel that there is an issue of society.
I have made 100% payments in March, still waiting possession on golf homes
Already around 3000 units sold in new inventory, Please research more thanks! Project completion ki tarf ja rha
Thats coz of govt. but you can’t deny the truth buyers have suffered a lot coz of builder
Work is going on 24*7 Far issue is already resolved, Common area km nhi hoga court already said
Excellent analysis.
Mohanlal Ganj Lucknow, 8 saal ho gye kabza nhi mila abhi tak🤌
Gurgaon buyers can relate this with M3M, Signature, Vatika etc
Good analysis. Thanks for sharing!
Guys i need your help. I got a call from NBCC regarding Dream Valley. Should i buy home there or not? If yes which one i can buy? Please suggest as per the current situation
Very very informative video thanks for nice information I am also verona height bayer
Sir, Very informative.
Very well explained the matter. Just wanted to confirm with you as you have better knowledge around this. Is there any risk in buying property in Amrapali society in Indore. One of the person is reselling property in society. Person is owning property with all the valid papers including registry etc. As I didnt heard anything wrong against the property with amrapali in indore, what should I do. Please suggest.
As it is ready to move project and registry is also done then the only thing you need to check is the construction quality and if you are fine with it then there is no issue in buying the property
@@flatsandkeys Correctly saying. The only concern I am seeing here, that currently court has ordered 3rd party pvt company to sell the remaining plot. But in that case, property such as in Indore which does not have any dispute, who will develop that society. If you can guide pls.
NBCC janbooch ke delay kar rha hai ,5 sal se sabka mast job chal rha hai islea. Dursi fund ka kya Rona laga rakha hai, pehle hi fund ka issue tha aisa thodi hai ki Asman se paisa tapak gya... Yehi sikhne ko Milta hai HAMESA READY 2 MOVE GHAR LO...
This is not. True I purchased amrapali Kingswood in March 2023 and I am getting my possession in January 2024
Any idea regarding registry? And location of society?
u booked at end of the possesion. quality is not good. kingswood ke back side per multiple time merdwe ho chuka hai. news me dekhlo. khatarnak area hai
Feb aa gya mila ky?
@@PrashantKumar-vh1lb i dont think so
Bhai ye builder ka dalla h
Great effort
we have come across a advertisement in Times of India, Ranchi dt 21.01.2024 regarding booking of flats on existing rates. are these units are meant for NEW buyers. can you please clarify?
Is this good time to invest in nbcc hearbeat ?
Hi sir,Can I buy home in nbcc dream Valley phase 2?.
Please give me the suggestion.
Same kaam M3M kar raha hai ab
Saari inventory bik gayi large size ki
Can you make a video on Ahuja Billder
The brand ambassadors should also be equally punished as they act as ambassadors without knowing the pros and cons of the companies which they are representing.
Dhoni is shameless in asking payments from the Amrapali group as he was indirectly linked with the fraud.
I lost my hard earned money in Amrapali and it has devastated me. I curse M S Dhoni and others who were hand in glove with Anil Sharma, to suffer the same fate.Dhoni is a crook.
Why nbcc not booking directly.other agency booking for nbcc
Thanks for the Information ❤. Please create a video on Emaar in India and issues with MGF.
Do new homebuyers or investors should invest in these projects? What are the chances of capital appreciation in future?
yes , its completion is monitored by the Honorable Supreme Court of India ' please go to the site and see the Progress yourself NBCC Working in Full swing to complete the Project
its currently the best value in noida as everything currently available at govt rates, Project will be completed as homebuyers here are protected by court itself
Yes it’s best time to buy these Amrapali flats . Same quality constructed other private builder offer price in noida extension is 6000-6500-7500 rs per sqfit
Verona heights tower S me 3BHK ka size kya hai
Please make one video on Mahira homes scam under affordable housing policy.
Yes
Supertech aamrapaali ajnara gaurs jaypee etc etc sabhi defaulters hain
Officials of NBCC and the respected Court Receiver appointed for the Amrapali project are also human beings. Whosoever finds an opportunity to earn money either way, will forget the conditions of the victims. The connivance can not be completely ruled out. In fact, nobody bothers for the hard earned money lost by the poor investors, be it NBCC or somebody else. Our hard luck! Even the Honourable Supreme Court appears to be helpless, in some cases. It is May 2024 now. What is the present status of the projects, God knows.
Please please let me know, is there any risk in future buying Supertech resale flat where only possession will be provided but registery is not available.
I'm planning to buy flat there because these flats are around 25% cheaper than others who lies in the same locality.??
Please suggest me, is there any chance in near future that registery will available in supertech?
don't buy without registry
Up govt ne strict action Lee kr electricity n water band kr dia...jaha buyers reh rhe hai 😂
Same to same unitech?
Is it right to buy property in Amarpali ?, as project job is about to complete
Yes this is golden period. The prices are likely to shoot up atleast 50% by next year simply because prices of other builders are already there at that level
@@radheytripathi613 please suggest best project of amarpali, most of them refering Verona heights because of Mivone construction. Please guide 🙏
इंदौर में आम्रपाली टाउनशिप में रीसेल की प्रॉपर्टी mil रही है ख़रीदूँ की नहीं २९ लाख की हऐ सलाह dijiye
Kya rate hai per sq.ft??
Noida extension stay ki wajah se amrapali duba hai
AFTER 2012 MANY BIF BUILDERS WERE DESTROYED BECAUSE OF sP GOVERNMENT AND HUGE EXTORTION BY akhilesh yadavs team.......as per rumors just after victory Punters of akhilesh started huge extortions fron the builders who had good relations with Mayawati.....