Unitech: No money, buyers worried – The Urban Debate
August 22, 2016
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47:25Now PlayingUnitech: No money, buyers worried – The Urban Debate
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as posted by the channelThe Supreme Court Order on the Unitech project delay case has come as a jolt not only to the company, but also to homebuyers. When asked by the Judge to deposit 5 crore rupees in court, the advocate reportedly said that Unitech does not have the money. Unitech is one of India's biggest listed real estate companies. Buyers are obviously, worried about their homes and they money they have already paid upfront. What can buyers do if a developer claims he doesn't have money to complete the project? To answer these questions, Magicbricks Now caught up with Uday Wavikar- Vice President, Consumer Court Bar Association Maharashtra & Goa- Mumbai; Mohit Bhansali- Advocate, High Court Mumbai; Geetha Venkatesan- Social Worker; Ajay Srivastava- MD, Dimensions Consulting Pvt. Ltd; and homebuyers. Tune into the video to know more:
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