F
Fatima Siddiqui
posted on 2 AprUnitech Group: Legal issues and possession delays?
Sector 98 mein Unitech Group ke projects ka kya haal hai? I booked a 3BHK back in 2016. Possession was promised in 2019, but abhi tak kuch nahi hua. My EMI is killing me! Anyone else facing similar issues? Should I consider legal action or wait it out?
#unitech-group#possession-delay#sector-98#legal-action#emi
Comments
Thanks everyone for the advice. I'll explore RERA and maybe consult a lawyer. Will keep you updated.
Be careful - Unitech has a history of diverting funds. They might not even have the money to complete the project.
Anyone knows the latest news about the Unitech promoters? I heard they were in jail.
Noida authority is also partly responsible for these delays. They need to be stricter with the builders.
Consider consulting a real estate lawyer. They can advise you on the best course of action.
New metro line is coming up. Maybe that will increase property values in the long run, even if delayed.
I bought a resale property in Sector 93 a few years ago. Much better than dealing with these builders directly.
What's the current market rate in Sector 98? Anyone has any idea?
Depends on the project and floor, but expect around 6000-7000 per sq ft for ready-to-move-in properties.
My cousin faced a similar issue with Jaypee Infratech. He finally got possession after 7 years! Patience is key, but don't be silent.
Check the builder's payment plan agreement very carefully, there could be clauses that are not in your favor.
My friend booked in Unitech Golf and Country Club years ago. Still stuck. He's already paid almost the entire amount.
Guys, has anyone explored consumer court as an alternative to RERA?
Consumer court is generally faster, but the compensation might be lower. Depends on what you're seeking.
Sector 150 is a better option now, rates are rising but at least projects are getting delivered. Avg rate is around 7500-8000/sqft.
Don't just wait it out. Form a group with other buyers and put pressure on the builder. Unity is strength!
Legal action is a long and expensive process. Weigh your options carefully. Have you tried contacting the builder directly?
I also booked in 2015 in Unitech Heights. Still waiting. They keep giving new dates. I'm losing hope.
Unitech ka toh naam hi badnaam hai. I heard they are in deep financial trouble.
Which project exactly in Sector 98? There are a few. Knowing the specific project will help get better info.
Sector 98 mein Unitech Group ke projects ka kya haal hai? I booked a 3BHK back in 2016. Possession was promised in 2019, but abhi tak kuch nahi hua. My EMI is killing me! Anyone else facing similar issues? Should I consider legal action or wait it out?
Bhai, same boat! Unitech is known for delays. Sector 96 mein bhi yahi haal hai. Check RERA status immediately.
RERA helps in getting some compensation at least. Read the fine print of your agreement.
RERA mein kya fayda? Complaint file karne ke baad bhi kuch nahi hota jaldi.