SC asks Unitech to pay ₹2 cr to buyers of Ggn’s housing project

NEW DELHI: In a fresh blow to Unitech Builders, the Supreme Court on Thursday directed the real estate company to provide a sum of Rs 2 crore to 39 flat buyers of it’s Vista housing project in Gurgaon.

The court made the observation during a hearing of a plea filed against Unitech builders in connection of the delays in allotting flats to its buyers. Earlier, the top court had vacated the stay in various high courts and consumer courts across the country against the real estate company.

The Delhi High Court had earlier stayed the proceedings against the company. More than 100 buyers of flats had knocked the doors of the court seeking return of their money, in which they said that they did not get their flats in time. They then approached the apex court for a direction and order against the real estate company.

On October 19, the Supreme Court ordered to disburse Rs. 15 crore deposited by the Unitech builders in the court’s registry to the investors on a pro rata basis after the builder failed to complete its projects on time. The apex court directed to refund the money to 38 buyers as buyers refuse to rely on the assurance of possession by 2017 and has directed Unitech to deposit Rs. two crore more in registry in the next four weeks.

The investors will have to deposit their relevant documents to obtain the money. The top court had also told the Unitech developers to live up to the terms of its contract in the vistas project in Gurgaon.