New Delhi, Nov. 7 -- Dissatisfied buyers in state-owned National Buildings Construction Corporation's Avenue Towers project have approached the Delhi High Court alleging "abrupt" cancellation of their bidding process for 49 flats, as per a Times of India report.

Avenue Towers is a premium residential project in south Delhi's prime Sarojini Nagar area comprising 245 high-end apartments priced over Rs.15 crore each. Industry insiders told the paper that this was the largest high-end housing project open to private buyers in Delhi.

The auction was cancelled on 19 August and 17 of the 262 residential units pulled off sale due to "administrative reasons"; then on 28 October the PSE cancelled auctions of 49 flats. As per the report, buyers ha...