Construction of Amrapali's stalled projects is being handled by the NBCC.
The apex court also allowed the sale of balance floor area ratio (FAR) through the court receiver. Permission to deal with the sale of FAR and other properties of Amrapali was sought by the court.
The court said that the unused floor area ratio shall be 2.75 and not 3.5 and added that if there is an increase in FAR, it shall be decided by the authorities, namely Noida and Greater Noida.
The apex court passed the verdict after hearing a plea filed by several homebuyers claiming that they did not get their flats in due time as promised by the real estate company -- Amrapali.