Amrapali Group

Amrapali Group

Real Estate
Varies significantly over time; at its peak, it employed several thousand people. Currently, the company is under liquidation and court management.

Overview

Amrapali Group was an Indian real estate company headquartered in Noida, Uttar Pradesh. The company was founded in 2003 and primarily focused on developing residential projects, including apartments, villas, and townships. They operated mainly in the Delhi NCR region and other parts of India. However, the company faced significant financial difficulties and legal issues, ultimately leading to its insolvency and the Supreme Court of India intervening to manage its projects.

About Us

Founded in 2003, the Amrapali Group rapidly gained prominence in the Indian real estate sector, focusing on delivering affordable housing with modern amenities. However, due to severe financial mismanagement and allegations of fraud, the company became entangled in protracted legal battles and failed to complete numerous projects. This failure left thousands of homebuyers in a precarious situation, stranded without their homes or investments. Ultimately, the Supreme Court intervened and assumed management of the incomplete projects. This intervention aimed to ensure the completion of these projects and their subsequent delivery to the rightful homeowners, mitigating the significant losses and hardships faced by the affected individuals. The court's involvement underscored the severity of the situation and the need to protect the interests of the homebuyers who had been impacted by Amrapali Group's failures. The case serves as a significant example of the potential consequences of financial mismanagement in the real estate industry and the importance of regulatory oversight to safeguard consumer interests. The Supreme Court's actions were crucial in restoring some measure of hope and financial recovery for the thousands affected by the Amrapali Group's collapse, setting a precedent for similar situations in the future. The focus remains on completing the delayed projects and delivering the promised homes to their owners, addressing the core issue of trust and accountability in the real estate market.

Headquarters

Noida

Specialties & Industries

Residential Real Estate DevelopmentApartmentsVillasTownshipsAffordable Housing (formerly)Construction & InfrastructureEngineering & ConstructionPrivate CompanyResidential Real Estate Development

Open Positions

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