Unitech, one of the biggest property developers in India, which volubly claims to have turned barren landscapes into housing landmarks, has left several hundred middle-class buyers in the lurch. This second largest player in the real estate sector had promised to provide 850 residential flats under the Unitech Habitat project in Greater Noida by July 2009, but so far not a single flat has been fully constructed. All the customers who are trapped in this deal are feeling cheated by this. They can’t withdraw their money since allotments have been done and customers have no exit route.
Unitech Ltd had sold 850 residential flats in July 2006 with a promise to deliver these apartments by the beginning of July 2009. All unit holders (combined) have paid a total amount of approximately Rs 450 crore to the company. But Unitech has failed to fulfil its commitment for timely delivery of flats.
Unitech had painted a rosy picture of the entire project to lure the common man but unfortunately this picture is still on paper. The Unitech Habitat project is spread across 23 acres in Sector Pi of Greater Noida. It offers 2- and 3-bedroom apartments, duplexes and penthouses, equipped with fully fitted modular kitchens. Under this project, the developers had promised to provide 100 per cent power backup with 24x7 security, sufficient car parking facility per apartment and earthquake resistant building structure.
More : dailypioneer.com
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