Unitech Homebuyers

The Supreme Court on Wednesday gave an opportunity to the Unitech homebuyers who are senior citizens above 75 years of age, fixed deposit holders, and persons in urgent medical need to seek a refund of the amount deposited for their flats.

The Supreme Court on Wednesday asked the Enforcement Directorate (ED) to file a status report on steps taken to bring back Unitech Ltd homebuyers' money amounting to Rs 5,000 crorewhich has been siphoned off and stashed in a tax haven like Cyprus.

The Delhi State Consumer Commission has observed that homebuyers cannot be expected to wait indefinitely for the possession of flats and directed real estate firm Unitech to refund over Rs 33 lakh to a resident.

Nearly 1 lakh homebuyers find themselves in a legal quagmire as the flats they booked years back in Delhi NCR are nowhere near completion by the three prominent builders - Amrapali, Unitech and Jaypee.

The Supreme Court on Wednesday rejected the bail plea of jailed directors of real estate company Unitech, Sanjay Chandra and his brother Ajay Chandra. The beleaguered realty firm is facing the wrath of the court in a case related to alleged siphoning of homebuyers' money. A bench of Justices DY Chandrachud and Hemant Gupta said Sanjay Chandra did n...

The top court will consider their pleas only after the data of homebuyers seeking refund is collated.

The bench also issued notice to the company saying that "there is suspicion that it is trying to subvert the order of this court".

The Supreme Court on Wednesday gave an opportunity to the Unitech homebuyers who are senior citizens above 75 years of age, fixed deposit holders, and persons in urgent medical need to seek a refund of the amount deposited for their flats.

The Supreme Court on Wednesday asked the Enforcement Directorate (ED) to file a status report on steps taken to bring back Unitech Ltd homebuyers' money amounting to Rs 5,000 crorewhich has been siphoned off and stashed in a tax haven like Cyprus.

The Delhi State Consumer Commission has observed that homebuyers cannot be expected to wait indefinitely for the possession of flats and directed real estate firm Unitech to refund over Rs 33 lakh to a resident.

Nearly 1 lakh homebuyers find themselves in a legal quagmire as the flats they booked years back in Delhi NCR are nowhere near completion by the three prominent builders - Amrapali, Unitech and Jaypee.

The Supreme Court on Wednesday rejected the bail plea of jailed directors of real estate company Unitech, Sanjay Chandra and his brother Ajay Chandra. The beleaguered realty firm is facing the wrath of the court in a case related to alleged siphoning of homebuyers' money. A bench of Justices DY Chandrachud and Hemant Gupta said Sanjay Chandra did n...

The top court will consider their pleas only after the data of homebuyers seeking refund is collated.

The bench also issued notice to the company saying that "there is suspicion that it is trying to subvert the order of this court".