Attach and Auction Unitech Assets
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Honourary Chief Justice of India-Supreme Court. Home Buyers severe distress after life time savings been swindled by highly influential and cheat builders is regular head lines in India today.There are hundreds of litigations/appeals in court and we are grateful that our Apex Court realises our precarious situation and giving judgements to protect innocent buyers. RERA Act was passed in Parliament for same reasons but states are diluting the same to protect builders.
One realty group which stands out is Unitech Limited-a BSE traded co whose promoters are now on and off jail for all their misdeeds/gross cheatings but they are buying time and using all their long arms to stay afloat.
But time and patience are running out for over 15000 severely affected families all over India and more pronounced in NCR many of whom are senior citizens, ex Defence Officers, Scientists, Non Resident Indians and honest tax paying professionals/citizens. Many are contemplating ending their lives as life in extreme penury when hard earned money is invested with builder buyer agreements also not being honoured and just siphoned off is not worth it.We really appreciate our honoured Courts stand on the recent Sahara Cheating case where premium mini township like Amby Valley is thrown open to auctions to pay off cheated investors.It is time Sir that a similar stand be taken against Unitech and all their assets be attached and auctioned-either to pay back buyers or set a time line for projects completion with penalties. Unitech intentions are clearly doubtful as it is apparent now that large buyers money has been siphoned off running into millions of USD and the co is using all tricks to buy as much time as possible even after several years delay-Vistas Sector 70 Gurgaon is one project where just less than 150 people are deployed after 8 years delay and which will take another 8 years with this meagre strength. C,D and E flats were sold off without approvals in place till today-a criminal offence.
We make a fervent appeal to you and our Apex Court to help us end this ordeal. We request our Honourable Prime Minister and also BJP President Shri Amit Shah to also help us in this situation before things are out of control. We are unable to carry on any longer.
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