Ansal API Sushant Megapolis Fairway Apartments I Bodaki, Greater Noida

Ansal API launched Ansal Megapolis Fairway Apartments I in Bodaki, Greater Noida, offering 1, 2, 3, and 4 BHK apartments with unit sizes ranging from 630 to 2760 sq. ft. The project, spread across 8 acres, includes 1150 units and is located near Bodaki, Dadri Road.

Thousands of Ansal API homebuyers protested over 27 unfinished projects, with delays averaging 3 to 4 years. Buyers of Sushant Megapolis, having invested 50-90% of the project cost, protested the lack of development since booking in 2007 with promised delivery in 2010. Buyers were advised to approach consumer forums and consider criminal proceedings against the developer.

Ansal API Sushant Megapolis in Greater Noida is a ready-to-move housing society offering apartments, independent floors and villas. The project provides amenities such as a swimming pool, clubhouse, children's play area and access to a golf course. The project has good connectivity to RPS International School, Kailash Hospital and IILM University.

The National Company Law Appellate Tribunal (NCLAT) has set aside a plea by homebuyers seeking insolvency proceedings against Ansal Hi-tech Township Ltd for a project in Greater Noida and upheld the order by the Delhi-based bench of the National Company Law Tribunal (NCLT). The NCLAT stated that the allottees belong to different projects and do not fulfill the criteria to file an insolvency case. The homebuyers argued that the agreement termed 'Sushant Megapolis' as one complete 'Project', signed before RERA came into force, comprising plots, built-up plots, raw houses/flats/floors, and high-rise apartments.

The National Company Law Appellate Tribunal (NCLAT) rejected a plea by homebuyers of a Greater Noida project seeking to initiate insolvency proceedings against Ansal Hi-Tech Township Ltd, upholding an earlier order by the Delhi bench of the National Company Law Tribunal (NCLT) in January 2023. Homebuyers argued that their agreement with Ansal Hi-Tech treated the entire 1,500-acre "Sushant Megapolis" project as a single entity, signed before RERA, including plots, built-up plots, villas, and apartments. NCLAT disagreed, citing RERA regulations requiring separate registration for each phase of a multi-phase project.

Investors protested as insolvency proceedings began against Ansal API, claiming their money was stuck in the company's projects. The NCLT appointed an interim resolution professional (IRP) to evaluate Ansal API's projects in Lucknow, Noida, and other cities. Over 3,000 investors in the Sushant Golf City project faced uncertainty, with some waiting for possession since 2009.

The National Company Law Tribunal (NCLT) declared Ansal API bankrupt, leading to protests by investors and homebuyers in projects across Lucknow and Noida. Over 3,000 investors in Ansal API's Sushant Golf City are uncertain about recovering their investments, with some waiting for possession since 2009. Uttar Pradesh Chief Minister Yogi Adityanath ordered officials to file an FIR and take strict measures against the realtor, forming a committee to support affected buyers.

Uttar Pradesh Chief Minister Yogi Adityanath directed the registration of FIRs against the Ansal Group over alleged fraudulent practices involving homebuyers in projects like Sushant Golf City. Ansal API collected money from about 3000 investors since 2003, but buyers never received possession. The National Company Law Appellate Tribunal declared Ansal API bankrupt, and the CM assured buyers of full protection and warned that strict action would be taken against those responsible.