Unihomes 3 - False promises by Unitech

Review On Unitech, Gurgaon

Unitech launched this project by name Unihomes 3 in 2011. They had promised to deliver the project in 30 months. Many people bought with subvention plan, in which more than 90% payment was done to Unitech on loan taken in name of buyer. After completion of almost 30 months, work is done only for two towers A1 and A6. Rest all towers are in the initial phases with just ground floor completion. Moreover work for A1 and A6 has stopped now. We had booked our flats thinking that Unitech is a brand name in real estate but I am very disappointed by the progress of the project. Even other projects by Unitech namely Unihomes 1, 2 and Unitech Residences have not been delivered. But the money collected from us is being used by Unitech for commercial projects like Signature Tower 2 which was delivered in no time. Builder is charging us interest @ 18% for any delayed payments, but for delay on their part, they would pay Rs 5 per square feet. We have been paying our EMIs as well as rents because of no fault of ours.

God only know whether we will get our flats or not. Our we have already lost our hard earned money and are paying interest on the bank loan.

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