The top court asked the Amrapali Group to deposit Rs 250 crore in four weeks in an escrow account to be paid to co-developers on completion of the projects.
A bench of justices Arun Mishra and U U Lalit had yesterday asked the homebuyers, Noida and Greater Noida authorities and promoters to sit together and submit business plans for completion of stalled projects of Amrapali Group in a fixed time period.
The bench asked the Noida-based real estate firm Galaxy Group to complete six projects -- Saphire-I, II, Leisure Park, Leisure Valley, Eden Park, Green Valley and Heartbeat City -- of the Amrapali Group in six to 48 months.
The six projects will cater to 27,000 to 28,000 hassled homebuyers.
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