Tag: Unitech housing projects

Latest StoriesRegulatory

SC: No tolerance for Unitech project order non-compliance

NEW DELHI: The Supreme Court stated on Thursday that it will take a stringent stance against any state authorities that fail to comply with its orders regarding the real estate group Unitech Ltd. The court cautioned against any impediments to the completion of stalled housing projects. A bench comprising Justices J B Pardiwala and K V Viswanathan established a priority schedule for addressing issues related to Unitech and mandated that state development authorities—such as the Noida Authority, Greater Noida Authority, and Haryana’s Town and Country Planning Department—must grant all necessary approvals. The bench indicated, “We will seriously consider any non-compliance…

Latest StoriesResidential

Only 20% of Noida Housing Projects Have Cleared Dues

Sure! Here’s a rewritten version of your content: — NOIDA: A detailed financial analysis of 116 group housing projects allocated between the mid-2000s and early 2010s reveals that the Noida Authority has yet to recover ₹34,283 crore in outstanding dues as of November 30. A significant portion of this total, roughly ₹26,000 crore, is associated with projects currently under insolvency proceedings or litigation, rendering them nearly impossible to recover in the short term. Of the outstanding amount, ₹18,703 crore is from nine Amrapali projects and five Unitech projects, both under the oversight of the Supreme Court. Additionally, ₹7,300 crore is…