Unitech buyers protest in Supreme Court seeking early deadline to complete projects, ET Real Estate

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New Delhi: A group of Unitech Homebuyers performed in front of on Wednesday Supreme Court demanding a faster timeline for completion of the complex, long-pending housing projects in which they have invested.

Over 20,000 homebuyers have been waiting for their apartments since a decade. Acquisition under the supervision of the Supreme Court unitech has been done by the government but it has not brought the results that the buyers were expecting.

The Homebuyers Association said in a statement that in the last three and a half years the government has assumed power unitech and appointed a new management to complete its housing projects, not a single brick has been laid. Many people waiting for their flats are now retired and paying EMI and rent has become a challenge for them.

Shubho Bhattacharjee of the association said that the current management should be replaced with a professional corporate group. The buyers’ association also demanded a priority hearing by the Supreme Court for the completion of the projects.

Citing an order of the National Consumer Disputes Redressal Commission (NCDRCTo refund those who had sought the money, the association said it should be approved for everyone instead of only home buyers above 75 years of age or those facing medical emergencies, which was allowed by the apex court. given.

The association sought a direction from the Supreme Court to various stakeholders, such as licensing authorities and banks, to bring about financial closure for the completion of the projects.

He also hoped that the government would provide access to the Special Window for Affordable and Middle-Income Housing (SWAMIH) stress fund for Unitech projects.

  • Published on April 27, 2023 at 09:05 am IST

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