1. Crackdown by Yogi government? Noida office of Amrapali builders sealed, son in law of CMD Anil Sharma arrested

Crackdown by Yogi government? Noida office of Amrapali builders sealed, son in law of CMD Anil Sharma arrested

Reportedly, the head office of Amrapali Group in Noida has been sealed and two persons including the son-in-law of the group CMD has been arrested.

By: | Updated: July 26, 2017 11:19 AM
amrapali builder, yogi adityanath, anil sharma, amrapali cmd anil sharma, noida, greater noida, real estate, flat buyers, flat possession, NEFOMA, NEFOWA, Real Estate Regulatory Act, Big real estate player and famous Noida-Greater Noida builder Amrapali Group faced a crackdown by authorities. (Photo: UP CM Yogi Adityanath/Amrapali CMD Anil Sharma)

In a major development, big real estate player and famous Noida-Greater Noida builder Amrapali Group faced a crackdown by authorities on Monday. Reportedly, the head office of Amrapali Group in Noida has been sealed and two persons including the son-in-law of the group CMD has been arrested. According to a report in Navbharat Times, the office was sealed in Noida and two officers of the group including CMD Anil Sharma’s son-in-law Hrithik Sinha have been arrested. The other arrested officer is Nishant Mukul. According to the report, Hrithik is the CEO of the company. The action has been taken as the Amrapali Group has not paid the labour cess of Rs 4 crore.

The development comes a day after UP CM Yogi Adityanath warned real estate players of strict action. The UP CM has expressed disappointment over the irregularities in the real estate sector. Yogi said that the rift between flat buyers and builders is widening and to bridge the gap the government needs to take strict action.

UP CM Yogi Adityanath at the UP Ahead Conclave organised by Confederation of Real Estate Developers Association of India (CREDAI) in Lucknow said that despite making full payments, the buyers are harassed and they are not getting possession on time; this has resulted in the loss of confidence and trust among potential buyers. To bridge this gap amicably, the government will have to take a strong step.

Earlier, on July 27, flat buyers associations of Noida and Greater Noida met Uttar Pradesh Chief Minister Yogi Adityanath seeking action against builders for allegedly harassing home owners by not delivering projects on time and charging extra money.

The two associations, NEFOMA and NEFOWA, demanded that the Real Estate Regulatory Act (RERA), which was passed last year by Parliament, should be implemented in the state on priority.

Meanwhile, PTI reported that the real estate market is facing a multi-year slowdown that has led to a huge delay in deliveries of housing projects of up to 6-7 years, forcing home buyers to stage protests and file legal cases against builders.

  1. N
    N N Talukdar
    Aug 30, 2017 at 11:00 am
    Dear Shri. CM Sir, Many innocent person have invested their hardened money for their dream home. This money have earned by small monthly savings. All have full faith on you that their dream shall not be incomplete.
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      Raghubir Singh Rawat
      Jul 26, 2017 at 9:35 am
      Great job, one of the examples of clean governance by respected CM Yogi
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        Jaipal Singh
        Jul 26, 2017 at 8:00 am
        But the builders had taken money but diverted to enhance profit so the fault is they are loosing profit where they invested the flat owners money, this is criminal act, therefore by selling the assets of builders, flats must be completed and delivered with the losses and compensation of harassment
        Reply
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          Saad
          Jul 25, 2017 at 8:13 pm
          This country needs examples to be set to such extent where no other person will dare to get involved in frauds ever again. Anil Sharma should be hanged in public and hritik sinha should be cut into peaces.
          Reply
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            J K GAUR
            Jul 25, 2017 at 7:21 pm
            Thanks yogi sir, you are our last hope. Please don't disappoint us. We have invested our hard earned money. Please help us God will help you for sure
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              Amit Gupta
              Jul 25, 2017 at 6:46 pm
              The government takes taxes.. takes a tax again when a flat is booked and if the project is under construction... then takes money for registration. How can the government then not protect the person who is hoodwinked by such unscrupulous builders. Some people have invested their savings ... some are paying rent and EMI on a loan taken to get a roof on their head.. Unfortunately there is no accountability in our country... These builders should have been behind bars by now. The government should either compensate the investors OR It should not take any taxes for the registration of such properties.
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                Sarla Karkara
                Jul 25, 2017 at 6:12 pm
                Yes this is just recovery of government dues only....why the UP .government is not serious about small investors money..who invested their harden money(mostly service class) in Amrapali Dream Valley Projects for the last more than 7-8 year. Government of UP must take appropriate action for refund of investors money or.Govt should take initiate to get flat possession of flat holder who gave money to Amrapali Builders....
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                  Mukesh Raheja
                  Jul 25, 2017 at 5:50 pm
                  Where is the action against the builder? This is for the non payment of labour cess and NOT for defaulting on delivery of flats to buyers. This news is incorrectly linking this arrest to an action taken on builder buyers issue. Let's see what strict action govt takes, none on ground so far!!
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                    Fairoz Khan
                    Jul 25, 2017 at 5:23 pm
                    Great job
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                      Ankit
                      Jul 25, 2017 at 5:03 pm
                      Yogi Sir, Great start leads to a favourable outcome. Amrapali has been some of the biggest fraudster in the Noida Greater Noida region. They sprouted pretty much during the Mayawati regime due to political decisions going in their favour. Moreover, Anil Sharma has looted hefty amount of innocent home buyer( the numbers are beyond 30000) and deceived the hardworking, law abiding income group by taking all their life savings and trashing for relaunching new buyers(which are yet incomplete) and remainder of funds were channelized to corrupt government during 2009-2013. Allured with the expectation that future years will continue the corruption trend, he focussed completely on real estate business malpractice and channelising home buyer funds not in proper development of projects. 2013 was the project completion date and I wonder when will probably owners get possession. I just hope these actions by UP govt brings favourable results. Thanks - A trapped Home Buyer of Noida Sec 76
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                        Major Ranjit Singh
                        Jul 25, 2017 at 4:28 pm
                        Very well done by the Yogi Government. However more needs to be done. Action against Officials who allowed this to happen. Winding Up of these rogue companies and paying of investors is the need of the hour. Those who gave false Completion and Occupation Certificates should be jailed. Builders against whom charges of fraud are proved should be barred for life from the construction line. All Buiders of UP shoud be asked to submit in affidavit form that no case has been filed against them by investors in any Court of Law.
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                          Raj Kumar Dewan
                          Jul 25, 2017 at 3:39 pm
                          This is just recover government dues only.....government is not serious about small investors money.... what Government of UP doing as all investor of Amrapali Dream Valley paid 95 of payment (mostly service class) of their hard earned money..... Govt should take initiate to get flat possession of flat holder who gave money to Amrapali Builders...
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                            Ashok singh
                            Jul 25, 2017 at 3:35 pm
                            It ok Sharma arrested but what about 80 percent gov department are use less. Either they should be closed or given productivity noms. As one example in my village one got school have 10student and 8 teacher. This is most of the village.so we have to act on all grunt then this desk will commit with other countries
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                              Nks
                              Jul 25, 2017 at 2:14 pm
                              This is a great job done by Yogi Govt.But what about officers under whom such incidents happen.Real root cause must be addressed to get sustainable results.
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                                RAM CHANDER CHAURASIA
                                Jul 25, 2017 at 1:14 pm
                                Good news , guilty should be punished. Mr. MS Dhoni was b ambassador of Amrapali Group, Many buyers purchased home due to add of MS Dhoni. MS Dhoni also should spell for misguiding.
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                                  Prof.Ashok Pachauri
                                  Jul 25, 2017 at 11:56 am
                                  Very good action by Yogi jee but some action be taken on officials under whom the cess was stolen so that message goes to existing offices to stop pilfering .
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                                    B V Prasad
                                    Jul 25, 2017 at 11:09 am
                                    Good job done.Let Other CMs also follow as this problem is there in other states too.
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                                      Dhiren Shah
                                      Jul 25, 2017 at 11:03 am
                                      It's a serious issue that the builders have taken 100 of flat cost 6-7 years back with a promise to give possession in 3-4 years max. In reality they diverted the fund to buy more land and kept the customers hanging knowing well that the State and Central Govt. won't crack down on them. If the customer insists to cancel the booking, he will be threatened with cancellation charges which is huge. The builders enjoy the blessings of politicians and Govt. authorities. They are protected. What Mr. Yogi has done against Amrapali builder is commendable. All the properties of this builder and his family must be seized to recover the cost. It's not a unique case. There are several cases where builders have faltered in their commitments (huge delay in possession of flats, dropped amenities, increased the price of booked flats and charged existing customers etc.) Maharashtra Govt. should crack down on Indiabulls Real Estate too for same issue in Indiabulls Greens/Park in Panvel. Thank you.
                                      Reply
                                      1. Jasvinder Singh
                                        Jul 25, 2017 at 9:26 am
                                        Dear sir what about ur own govt agencies like Yamuna expressway industrial development authority which has launched multiple schemes without having land. 21000 ppl were allotted plots in 2009 n yeida took almost 90 of the money n no work on site forget possession.if u really want to built trust first correct these authorities officials n their work culture because they r the roots of all this. Builder can't do all this if they don't have the support of authority n how come so many builders at fault at the same time that prove it's a fault of authorities n their policies also why punish only one defaulter builder. Why can't government come out of this facilitator mode build homes for ppl n interestingly have enough man power n infrastructure also.
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                                          ramdass
                                          Jul 25, 2017 at 9:13 am
                                          what about gardenia? ..they owe 1000 Cr of NOIDA Authority.
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                                            SKDUTTA
                                            Jul 25, 2017 at 8:12 am
                                            Toughness Brings RESULTS
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                                              Naren
                                              Jul 25, 2017 at 11:53 am
                                              Good job by Yogi Ji, hope the new government will take strict measures soon on all the real estate defaulters...few More like Earth Builders also have to be taken into custody immediately and give relief to the buyers.
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                                                Sujata
                                                Jul 26, 2017 at 11:09 am
                                                A great job done by Yogi Ji This action should follow with crackdown on similar other builders in noida and greater noida because of harassment to buyers One of such is Supertech project czar
                                                Reply
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