SC asks Greater Noida to deposit Rs 66 crores, for refunding money to Unitech’s buyers

The SC has asked Greater Noida to deposit Rs 66.82 crores, received from realty firm Unitech Ltd, with its registry, to refund buyers who have opted out of the developer’s Uniworld City-Uni Homes Plots project

The Supreme Court, on September 10, 2018, asked a local authority in Uttar Pradesh to deposit Rs 66.82 crores, received from realty firm Unitech Ltd, with its registry, to refund those who have opted out of one of its housing schemes in the Greater Noida area. A bench headed by chief justice Dipak Misra, however, made it clear that the aggrieved persons, who had booked plots in the project, Uniworld City-Uni Homes Plots, Sector-MU at Greater Noida, could approach the consumer court for redressal of their grievances. The bench, which also comprised justices AM Khanwilkar and DY Chandrachud, asked lawyer Pawan Shree Agrawal, assisting the court as an amicus curiae, to verify the names and other details of the plot applicants, who wanted refunds.

Earlier, the court had asked Agrawal to create a portal, for registering the names of the buyers of homes or plots of Unitech Ltd, who wanted refund by opting out of the realty firm’s housing schemes.

See also: Apex consumer commission asks Unitech to refund Rs 58 lakhs to home buyer

“In the meantime, Greater Noida shall deposit Rs 66.82 crores, along with accrued interest, inasmuch as the said amount belongs to the developer, before the registry of this court. Pawan Shree Agrawal shall verify the portal, in respect of the present project, viz., Uniworld City-Uni Homes Plots Sector-MU, Greater Noida, so that this court can direct for pro-rata disbursement of the said amount,” the bench said.

The bench said that “As far as other grievances are concerned, the consumers can approach the concerned consumer courts and the dispute between the developer and Greater Noida, shall be addressed in due course.” The court posted the batch of petitions, including the one filed by Unitech Ltd and the plot buyers’ association for hearing, on September 18, 2018.

Senior advocate Mukul Rohatgi, appearing for the Unitech Ltd, said that 100 acres of land was allotted to the developer, which was to deposit Rs 555 crores to the Greater Noida authority and as of now, Rs 325 crores, including the stamp duty, had been paid. He said that around Rs 67 crores of the plot buyers, was with the Greater Noida Authority. Around 350 people had applied for the plots in the housing scheme – Uniworld City-Uni Homes Plots Sector-MU – at Greater Noida.


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