Irate buyers of homes from Unitech, the country’s second-largest real estate developer, today threatened legal action against the company for failure to complete construction within the promised schedule.
Buyers of homes in the under-construction Unitech Habitat in Greater Noida have come together under the banner of the Unitech Habitat Owners Association. In a protest meeting today at the Unitech sales office in Gurgaon, they demanded refund of the money they’d paid, with 18 per cent interest.
Most of the protesting buyers Business Standard spoke to claim to have paid up to 90 per cent of the amount due, though the construction of homes which were to be handed over in June 2009 is not even half completed.
More : business-standard.com
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