SC asks Noida authority to process Unitech’s housing plans in 10 proj

New Delhi: The Supreme Court on Wednesday allowed the government-appointed board of Unitech to submit its revised layout and building plans for nearly 10 projects spread across Noida and directed the Noida authority, the landowning agency, to process the same without insisting on upfront payment of dues. The board agreed to pay the current rates as applicable to them under law.

Under Section 40 of the Act, the recovery of interest, penalty or compensation etc is recoverable from the defaulter as arrears of land revenue. Rule 24 of the Punjab State Real Estate (Regulation and Development) Rules, 2017, also stipulates the same condition.

The order passed by a bench of Chief Justice Dhananjaya Y Chandrachud and justice MR Shah came as a boon for thousands of homebuyers of Unitech projects located in sectors 96, 97, 98, 113 and 117, who had given consent for construction of their flats. 

Unitech’s new board represented by additional solicitor general (ASG) N Venkatraman informed the court that the confidence shown by homebuyers is promising and without the Noida authority processing the revised layout and building plans prepared by the board, money for construction work will not be available.

According to Venkatraman, nearly 73% homebuyers of residential projects – Amber, Burgundy and Willow 1&2 in sectors 96, 97 and 98 -- have given their consent for construction. The corresponding figures for projects in Sector 113 (Unihomes 3) and Sector 117 (Unihomes 1, 2, Uniworld Gardens, Residences, and Exquisite) was 67% and 68% respectively. In all, there are 6,375 residential units in all the above sectors of which 5,892 units have been sold and 4,052 residents have given their consent for construction.