[Resolved]  Unitech — unitech is not paying assured return and not even started the promised project

Address:

Haryana

Before retiring, I bought a unit in Unitech Commercial Centre, Sector 71 under assured return. Keeping in view that I will be getting a regular income from a reputed builder (folish of me), I took a loan from ICICI bank. It was so planned that I will pay the loan installment by the returns I will get from Unitech after three years. When three years finished which was in this March 13 I was shocked to note that the Unitech has no money to pay. The first very cheque was paid after three months delay and now I keep on calling Unitech and they shamelessly keep in giving one date or the other. I am in such a dilema that if I delay my loan installment the bank charges me heavy penalty and Unitech is not bothered about the pain of a middle class retired man. Insult to the injury is that they have even not started the project and it is not possible to sell the unit at any cost.

First of all I was very much disappointed to note that you company has not laid even a brick to the said project whereas you had promised that it will be finished in three years. . We are a from a middle class family and can’t afford such financial blows from unitech.