1. Noida authority raps Unitech for violating norms, asks buyers not to purchase ‘illegal’ flats from the realty firm

Noida authority raps Unitech for violating norms, asks buyers not to purchase ‘illegal’ flats from the realty firm

Real estate firm Unitech Limited, which has been in the news for all the wrong reasons, has found itself again on the receiving end.

By: | New Delhi | Published: October 17, 2016 1:51 PM
Real estate firm Unitech Limited, which has been in the news for all the wrong reasons, has found itself again on the receiving end. (Reuters) Real estate firm Unitech Limited, which has been in the news for all the wrong reasons, has found itself again on the receiving end. (Reuters)

Real estate firm Unitech Limited, which has been in the news for all the wrong reasons, has found itself again on the receiving end. This time, the Noida authority has issued an advisory asking prospective buyers not to buy flats in ‘Conac Luxury’, a group housing project in sector 113. The Noida authority has also accused Unitech of selling flats “without obtaining necessary approvals” from it, according to a media report. Unitech Ltd, however, has said it had already sold 80 per cent of a total of 1,792 flats in the under-construction project. “We took cognizance of advertisements promising homes by leading realtor Unitech Limited in newspapers and magazines. Unitech is selling flats without obtaining necessary approvals from the Noida authority. We have issued a show-cause notice to Unitech asking them to reply in next 15 days,” said Pramod Kumar Aggarwal, chief executive officer of the Noida authority.

According to the authority, the developer failed to obtain the required building layout map sanctions and began construction of the project that has a total of sixteen 13-storied towers. “If the builder fails to reply to a show-cause notice, we will take serious action including the lease deed cancellation,” said Aggarwal, as per the report.

Aggarwal also has warned the buyers, saying “The project ‘Conac Luxury’ is a violation of all laid down norms, as the Noida authority has not sanctioned the building layout plan. Any allotment or registry of units bought in the project will be illegal and unauthorized and buyers will be doing so at their own risk.”

Earlier, Supreme Court had directed the real estate firm to process a refund over its delayed housing projects in Gurugram. The court directed Unitech to return Rs 15 crore back to the investors.

Notably, more than two dozen home buyers of Unitech’s housing projects in Noida and Gurugram had approached the National Consumer Disputes Redressal Commission after the builder failed to give them possession of the flats as scheduled. The Commission had asked Unitech to refund the home buyers, with interest.

Please Wait while comments are loading...

Go to Top