Delayed for 12 years, construction of two Unitech projects starts after SC nod

April 2, 2024

GURUGRAM: Around 16 years after their launch, construction of two Unitech projects — Sunbreeze in Sector 69 and Vistas in Sector 70 — has started.

The move comes after the realtor got the Supreme Court’s permission to start the construction. As many as 1,900 buyers have invested in these two housing projects, which were launched in 2008 and 2009. The flats were supposed to be delivered in 2012, but the developer failed to complete construction.

Retired IAS officer YS Malik, who is also chairman and managing director of the company, said the tender process for the construction of both the projects has been completed and they are expected to be completed in phases in the next 18 to 36 months. While 680 of 888 flats have been sold in Sunbreeze, 1,241 of 1,287 homes in Vistas have been sold out so far, he said.

According to officials, after the allottees booked the units between 2009 and 2011, the company was declared bankrupt and construction of both the projects came to a halt.

Later, a board, including Malik as CMD and Ashok Yadav as CEO of the company, was constituted by the SC. He further said after getting the environmental clearance (EC) in March, construction of the project was started. Malik claimed “structural and health audit of all the towers” of both projects has been done by IIT Roorkee. “The structures have been declared safe with the suggestion of retrofitting,” he said.

Homebuyers shared the ordeal that they have been facing as the projects were stuck. As a homebuyer at Unitech Sunbreeze, the past 15 years have been a “struggle”, said Himanshu Dube, a homebuyer. “The new resolution framework by the Unitech board, supported by the apex court, offers a ray of hope. We’re cautiously optimistic that their commitment to start deliveries of flats by the end of 2025 translates into tangible progress on the ground,” Dube said.

“To end years of struggle and endless wait of homebuyers, the SC-monitored construction mandate to Unitech management is a welcome step. Now, the management needs to ensure that it delivers the expectations of homebuyers. Homebuyers are once again ready to trust and pay Unitech if it lives up to its commitments,” said another buyer.

Piyush Gupta of Unitech Vistas said, “We are very much optimistic about completion of the project as per the timeline defined and approved by the apex court. He said allottees hope for fast progress in construction. We request them to pay their dues at the earliest so that construction does not get halted again.”

  • Published On Apr 2, 2024 at 09:05 AM IST

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