[Resolved]  Unitech — Delay in Possession and asking for extra money

Kapil,

There is a group on Yahoo with lot of members who have flats in Unitech Horizons or Cascades

[protected]@yahoogroups.com

Regards,
Sumit

Hello,

Unitech is acting like another 2nd-3rd grade builder. All the commitment given at time of posseion was fake.

We have not booked the flats in pre launch. We have booked the flat after the project was launched and we were told by Unitech that map is fully approved by Authority. So there can not be any increase in super built up area. They have increased super built up area and not even a singly square feet has increased in carpet area. All the calculations is in terms of super built up area . Tjis helps the builder to escalate the price.

Secondly, it was written in contract that we have to give maintainace advance for one year at rate of Rs.1.25. Now they are asking advance for two years at rate of Rs. 2.50. This means 4 folds increase. There is no justification for this demand. All the society in greater noida has maintaince in rnage of Rs. 1.0 to Rs.1.25.

Unitech can not put the blame on economic slow down. The flat was to be ready by sept 07 when there was no slowdown. They have delayed the projects because they were not able to manage it properly.

They are themselves responsible for all the fiasco.

Regards
manish

We plan to protest against the unitech jointy. Please join the group "[protected]@yahoogroups.com" on yahoo groups. And follow messages of last two days.

Amit.

UNITECH IS BOTH UNPROFESSIONAL AND UNWORTHY OF OUR TRUST. WHEN WE BLEED THEY LAUGH THEIR WAY TO THE BANKS. I HAVE A FLAT IN HORIZON AND AS I AM NRI I WAS NOT ABLE TO FOLLOW REGULARLY, SHODDY CONSTRUCTION AND MAKE BELIEVE FARCE WAS WHAT I COULD SEE. WE WILL ALL REGRET.

Unitech is behaving equally badly in at least one other part of India too. Not honoring contract terms, refusing to pay after deducting 10% penalty on canceled booking. How can one go about suing them ? The excuses have run out, so they blatantly say that yes, they owe the money but they won't pay.

I am into similar situation, I purchased a flat as a second owner and till now there is no update on possession. Every time we call them First there is no answer and even if someone picks, there is no confirm answer when it is going to deliver the Flat?

I think most of the people who invested in this are NRIs (Like me) and have un-ability to visit personally them or file a case against them. But I am also sure there must be good no. of local people who have invested there and still sitting and doing nothing.

Thanks.

It looks like a Great Fraud.
Unitech takes money and delivers nothing?
Unitech increases maintenance cost? Is this increase to confuse the customers for its non-delivery of flats?
Why is the builder not in jail for false promises.

Kapil even I booked a flat in Cascades whats your number?

Unitech is one of the main players in this segment and attitude like this is very unheard of. As a satisfied customer o[censored]nitech it is very difficult the digest the fact that these things prevail. On basis of my personal experience I got the flat at relatively same price and time. All the big projects have many issues and I think we should give some time to Unitech as this company won’t delay on purpose. We all should be a part of solving a problem rather than creating one.

Making a committee and protesting online is not a way to get your things done. Approaching them and getting your droughts cleared is the best possible way of getting your work done. There can be millions of reasons for your problem and i am sure all will be cleared once you personally get in contact with them as I have.

Unitech is one of the most reputed companies in India and to hear something like that is really shocking. But I feel we should just not start cursing the company as there can be many hurdles the company might be facing. We do not know the depth of the problem so it is really difficult to make any assumptions. No company in the entire world likes to see their customers unhappy or unsatisfied of anything. All I can say is that keep the faith, your money is in good hands.

Unitech was one of the reputed company as builder at the time of launching Unitech cascades.I am NRI and own a appartment in unitech cascades.It is not possible for me to visit India regularly to see the construction updates, but it is clear from their net updates photos, that progress is very slow. In fact, it is not hurry for me for possesion, but some of my friends who have allready sold their old appartments and now wasting a lot of money in renting a house unneccessory. They are not only loosing money in delay but they are really frustrated over the action from unitech.They are not trusting unitech any more.Hope that unitech will give a good service and compensation to their customers after possesion without any increase in maintenance charges, so that all frustrated customers may forget what unitech have done in the past.This is the only way for unitech to maintain their reputation, otherwise it seems to me that the future o[censored]nitech is quite dark.

Hi Jas

Have you invested in Unitech Cascades or have commented for and on behalf o[censored]nitech?? Because from your tone it seems that you have been paid to post such positive comments..."your money is in good hands"...bull crap!!!

Boss it has been over 5 years that I'm paying pre-EMI for a 3 BHK flat at Unitech Cascades, with no sign of getting the same any time soon. Having bought it at 2175/- in Sep 05, am not even getting deals for 2000/- today and you want me to believe that Unitech is doing all it can to ensure speedy delivery. Sure there will be issues, but the issues need to be highlighted and customers taken into confidence to resolve.

Lastly I would like to state that if at all you are connected with Unitech in any way, pls get them to clear the doubts and ask them come out with the final delivery plan.

Thanks!

ANURAG ANAND — DELAY TO DELIVER

DEAR SIR,

MY LPG GAS CONNECTION NUMBER IS X-208 . FOR REFILLING OF LPG GAS , MY COONECTION NO. WAS BOOKED ON[protected] ON THE REGISTER OF KRISHNA GAS SERVICE, (INDIAN OIL COMPANY)AGRA (U.P.)

BUT LPG GAS FILLED CYLINDERE HAS NOT BEEN DELIVERED TILL NOW. SO, I REQUEST YOU TO TAKE NECESSARY ACTION AGAINST ABOVE GAS SERVICE STATION/ GAS AGENCY

YOURS FAITHFULLY

ADARSH ANAND
5, KRIPAL COLONY
NEAR BHAGWAN TALKIES
AGRA,(U.P.)
PH- [protected]

Hi Vipul,

As the actual construction works in any real estate projects are sub-contracted to different other companies, some delays on their part can result in big delays in overall project. As all these construction works are interlinked, the smallest of delays can snowball in bigger delays. Still Unitech is a very reputed company and I am sure they keep these small delays are in check. But the real estate construction work is also very sensitive to other factors like inflation, recession etc. So I would suggest you to be patient. I am sure your home must be in possession already.

UNITECH CASCADES ----- Hi... Has anyone got possession of a flat at UNITECH CASCADES. Please do post a comment. Nirmal

Hello All

I bought in Unitech Cascades in 2005 and paid up upfront.It visited the site in Jan this year and it is true that the towers in front have been offered to the buyers.The quality of construction looks good, the rear towers are still under construction but what bothers me that there has been no further development in last 8-10 months.The Unitech is facing fund cruntch as their major financer Leihmann Bros collapsed and then their MD is a co-accused in the 2G Scam. They are unable to generate funds to complete the project. The new projects that are being announced with the intention of generating funds by way of booking amounts are meeting poor response.

It is now being stated by them that they shall offer posession for the rear tower in 2nd quarter of 2012. If you forming a committee, I would like to join and push the Unitech collectively for early posession and a higher rate of penalty.

VIKAS ANAND

Their projects are plagued by delays and often bad quality. I booked a unit in Unitech Residences. After they got 65% of payment, they stopped construction. It has been one year and its still stopped. I got to know they took > 5 years to deliver Unitech Close.

Hi

I would like to know from people who has already got possesion in Unitech Cascades...are you compensated well or again this compansation was balanced on the basis of increased area and maintinance chanrges...

Anurag

Unitech — LATE PAYMENT OF FD MATURITY AMOUNT

Sir

The FD o[censored]NITECH UL/FD/B/085818 maturing on 5.01.2012 received vide pre-dated cheque 405777 on 04.05.2012 i.e after 4months .Who is responsible for the Interest loss.

Regards
S Shah