Supreme Court directs Unitech to pay Rs 2 crore to 39 flat buyers in Gurgaon

In August, the Supreme Court had pulled up Unitech, which had been asked to deposit Rs. 5 crore by August 5, 2016, for delaying the completion of a high-end residential project.

By: Express Web Desk | New Delhi | Published:January 12, 2017 2:06 pm
Unitech, Unitech builders, supreme court Unitech, Unitech Gurgaon, Unitech builders Gurgaon project, Unitech case, Unitech Supreme Court, India news The apex court was hearing a plea filed against Unitech builders in connection of the delays in allotting flats to its buyers. (File Photo)

The Supreme Court Thursday directed Unitech Builders to pay a sum of Rs 2 crore to 39 flat buyers of its Vista housing project in Gurugram, reported ANI. The apex court was hearing a plea filed against the builders for delays in allotting flats to its buyers. Earlier, the top court had also vacated the stay in various high courts and consumer courts across the country against the real estate company. The next date of hearing is scheduled on January 11.

Earlier, the Delhi High Court had stayed the proceedings against Unitech after over 100 buyers of flats filed a plea seeking return of their money. The buyers said they were not allotted their flats in time following which they approached the Supreme Court court for a direction and order against Unitech.

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On October 19, the top court ordered to disburse Rs 15 crore deposited by the Unitech builders in the court’s registry to the investors on a pro rata basis. Apart from this, the bench had also directed to refund the money to 38 buyers as they refused to rely on the assurance of possession by 2017. Furthermore, in August, the Supreme Court had pulled up Unitech, which had been asked to deposit Rs. 5 crore by August 5, 2016, for delaying the completion of a high-end residential project Burgundy that the real estate firm had launched on the Noida-Greater Noida Expressway, saying it will be liable to contempt of court if it violates the settlement terms, reported ANI.

 

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  1. F
    frt
    Jan 12, 2017 at 12:52 pm
    plus builders earn interest on the money...
    Reply
    1. S
      Shireen
      Jan 13, 2017 at 9:39 am
      Could you please take up the case of Era Redwood Residency in Faridabad. It was launche in 2006 and its more than 10 years and the contruction has still not resumed. I had bought it from Era infrastructure, then it became Era Landmarks Pvt Ltd. Then it changed to Adel landmarks. The builder is in jail and there is no movement there. When we call up their office they give a standard response that construction would be resumed soon. Why is no action being taken against him. We have paid 90 percent of the entire cost plus GST and other demands like EDC IDC etc but there is no response from them. Please write about it and bring it to the notice of the authorities. Thank you
      Reply
      1. T
        Thomas George
        Jan 12, 2017 at 11:50 am
        Great judgement. Home buyers should stop buying under-construction properties. They should buy only those properties that have been completed with all requisite clearances and ready for occupation. This will force the developers to complete projects quickly to recoup the money that invest. Now, "developers" are just playing with consumer money.
        Reply
        1. V
          VGSS Reddy
          Jan 12, 2017 at 10:01 pm
          This becomes the citation for all cases in the country against the builders who delay the hand over of flats to clients. Builders in trouble now not just UNITECH
          Reply