Noida: Unitech head faces buyers’ ire for 10-year delay
Unitech Group has failed to deliver Unihomes-3 housing project in Sector 113 that was launched in 2007. Unitech Golf and Country Club, which was also launched in 2007 over 347 acres, is located in sectors 96, 97 and 98, along the Noida expressway.noida Updated: May 26, 2017 23:23 IST
In a meeting among builders, buyers and authority officials on Friday, Unitech chairman Ramesh Chandra was shouted at by angry buyers for failing to deliver flats over 10 years in two housing projects located in sectors 96, 97, 98 and 113.
Unitech Group has failed to deliver Unihomes-3 housing project in Sector 113 that was launched in 2007. Unitech Golf and Country Club, which was also launched in 2007 over 347 acres, is located in sectors 96, 97 and 98, along the Noida expressway.
Unitech was allotted a group housing plot on GH-01 in Sector 113 on April 18, 2007. The realty firm has sold 80% of the total planned 1,792 flats in the under-construction project. Homebuyers are agitated as the buyer has not made any statement about delivering flats.
“Unitech has stopped construction at the site for the last four years but the Noida authority has failed to take action against the builder. We are running from pillar to post but nobody is helping us. Ramesh Chandra is talking to us publicly for the first time,” Sujit Pandey, a homebuyer in Unihomes-3 project, said.
Unitech Golf and Country Club has two luxury sections — Burgundy, with six towers and Amber, with seven towers — in which buyers were offered ‘ultra luxury’ flats. The project that boasts of a nine-hole golf course also has on offer 29 villas and 500 plots.
“I had booked a 3BHK flat in 2007 for Rs 1.5 crore with a promise of delivery in 2009 but the builder has failed to deliver flats or answer our questions pertaining to the delivery of flats. Our family has gone through a financial crisis due to the investment in this project but the builder never bothered to deliver on his promise,” said Vivek Wahi, a buyer in Unitech Golf and Country Club.
Ramesh Chandra, the chairman of Unitech, said,“We have laid sewerage, developed roads and provided other facilities to give possession of 500 plots. Homebuyers don’t trust us because we could not pay Rs3,000 crore to the Noida authority. But I assure all of you of delivering the projects soon. We will submit a tower-wise delivery plan to the authority in the next week,” said Chandra.
“We are surrendering land to the Noida authority to clear Rs3,000 crore land due. Once the due is settled, we will deliver our projects,” said Chandra.
The Noida authority said the Unitech also took Rs500 crore loan from Life Insurance Corporation, which is in violation of norms. “We will ensure that the LIC loan issue is also settled so that buyers do not face problems in the future,” said Shishir Singh, additional chief executive officer, Noida authority.
“Twenty nine of us paid Rs30 crore for 29 villas in 2007. And now, 10 years later, Unitech is changing the layout of the project, which is troubling us. We will not stand for this,” said Vivek Wahi, a buyer.
“We will provide the villas, plots and flats without any change. The only change is that the golf course will be of a smaller size,” Chandra said.