SC Wednesday fixed deadlines for states in which real estate firm Unitech has its housing projects, to accord necessary clearances to commence construction of flats in these jurisdictions.
Uniworld Chennai Owners Association has written that ‘in current situation, every step in building proceedings requires SC nod, which has further prolonged timeline for homebuyers’.
Homebuyers from both projects moved SC over delays around the same time, in 2016-2017. While Amrapali's buyers have been delivered homes, Unitech's buyers still await flats or refunds.
A Delhi Police probe has revealed erstwhile Unitech promoters Sanjay and Ajay Chandra made thousands of personal calls to their employees and relatives from Tihar jail.
12 years after last booking was made, just 3 out of 20 residential towers at Parsvnath Privilege stand completed. The firm has been silent on 832 unfinished flats.
Anxiety stalks buyers as several projects undertaken by real estate giants such as Amrapali Group & Jaypee remain incomplete a decade past their deadline.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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