GURUGRAM: Over 500 families of a residential society staged a protest outside the office of promoter company Unitech Ltd. on Saturday, alleging lack of basic amenities. The residents, who have been living there for four years, said they were yet to occupancy certificate, power connection from Dakshin Haryana Bijli Vitran Nigam, and water and sewerage connections from Haryana Urban Development Authority...
Unitech Group
NEW DELHI: Crisis-hit Unitech Ltd Friday reported a consolidate net loss of Rs 790.83 crore during the last fiscal. Gurugram-based developer had posted a net loss of Rs 1,263.86 crore in the previous fiscal, the company said in a regulatory filing. Total income declined to Rs 1,371.04 crore during the last fiscal from Rs 1,961.32 crore in the 2017-18. Finance cost increased to Rs 584 crore during the...
NEW DELHI: The Supreme Court Friday directed the Centre to come up with a proposal for construction of stalled projects of embattled real estate major Unitech Ltd within ten days, so that over 16,000 hassled homebuyers are not left in lurch. The top court said that the Centre should suggest the modalities and name of the third-party agency like the National Buildings Construction Corporation (NBCC) Ltd...
MUMBAI: Real estate investment company Unitech group secured a Rs 2,000-crore investment from two asset reconstruction companies to complete pending projects and is scouting for more investors for additional funding as the date set by the Supreme Court to deposit money nears in July, said two persons close to the development. The company is also pursuing state governments to secure another Rs 1,000 crore...
GURGAON: GMDA issued a notice to developer Unitech Group on Tuesday for allegedly allowing the use of groundwater for construction activities in Nirvana Country. As per the notice, the developer has given groundwater connections to buildings that are currently under construction or without an occupation certificate, which is not permissible under the norms. According to GMDA officials, they had received a...
NEW DELHI: Homebuyers who have not received delivery of homes or refunds of their payments from the Unitech Group have written to the ministry of corporate affairs seeking the removal of promoter directors from the company’s board for violations of provisions of the Companies Act. The homebuyers have already filed a motion in Supreme Court for replacement of the Unitech board with government nominees....