[Resolved]  Unitech Limited — Fraud with home buyers

Address:

Gautam Buddh Nagar, Uttar Pradesh

Hi, I bought a flat from Unitech builder (project name: Unitech, The Residences) in Noida sector 117 in January 2012. They launched a lucrative scheme of no EMI for 18 months, taking in consideration the name and reputation of builder I was very impressed and decided to invest my hard earned money in this project. In my allotment letter, time for completion of the project was given as 36 months starting from the booking date. I was ensured by the builder that the flat will be ready by that time. I paid the builder an initial amount of around 15 lakh by cheques and remaining 30 lakh by bank loan which constitutes 95% amount of the total value of the flat. The builder did not start any construction for more than 2 years, but after an increasing pressure they started some construction in bits and pieces and constructed just 2 floors of 2 towers out of 8 towers, after that they stopped all the work and there is no progress on the construction site from more than 6-7 months (since April 2014). At first they are unreachable for any queries and concerns, later they give all sort o[censored]nacceptable reasons like delay from contractor and lack of money, which to my surprise is very wrong as they already have collected 95% of the amount from most of the buyers. Unitech is doing big fraud and cheating innocent middle class people like me, who have invested their lifelong earnings for their small dreams, also they are in burden of huge loan and house rent. Unitech has also deployed some bouncers at the construction site and using all sorts o[censored]nethical ways to deal with the harassed and frustrated buyers. According to my booking and provisional allotment letter, my possession date is January 2015 which is just 2 months away. But in the current situation it doesn't look like that they will be able to give the possession in another 5-7 years, I am feeling cheated and harassed by this builder. Also I am in double burden of loan EMI and house rent at the same time, I am paying full EMI on 30 lakh loan from more than 1 year. I am in huge financial crisis and all my future plannings are going in vein. I am in huge personal, professional and financial losses due to this builder, I am mentally harassed and going in depression as Unitech has left no hope for my dream home. HDFC Bank is equally responsible for this fraud, its a clear unholy nexus of the HDFC bank and Unitech as they have approved the project, sanctioned loans and putting people in troubles. I want my money to be refunded by Unitech in terms of current market price of this flat. I want my bank EMI's to be stopped immediately. Also I want the money back which is incurred in bank loan and I have paid as EMI's. Kindly help and suggest me as how can I get justice. Lalit Singh, Mobile ([protected])