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SC Indicates Unitech Will Have to Refund Noida Home Buyers

Unitech was supposed to hand over the apartments in Sector 96, Noida to the buyers on 16 April 2013.

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India
1 min read
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Snapshot
  • Supreme Court, on Friday, indicated real estate company Unitech will have to refund money to Noida home buyers because of delay in possession.
  • Replying to the direction, Unitech told SC that it does not have the money to refund buyers. The court then asked for a list of buyers who want a refund by the next hearing on 17 August.
  • Unitech had to hand over the apartments in Sector 96, Noida to the buyers on 16 April 2013, but the construction is still far from complete.

(With inputs from ANI.)

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Topics:  Supreme Court   Noida   Real Estate 

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