SC relief for Unitech buyers, funding concerns linger

07 May 2024 CW Team

The recent Supreme Court (SC) order providing relief to buyers of Unitech homes has brought a glimmer of hope, but concerns about funding remain prevalent among the aggrieved buyers. The SC directed the Centre to explore funding options to complete pending projects of Unitech, offering some respite to the distressed home buyers grappling with delayed possessions and incomplete constructions.

While the SC's intervention is seen as a positive step towards resolving the long-standing issue, many buyers remain apprehensive about the feasibility of securing necessary funds. The uncertainty surrounding the availability and allocation of funds raises doubts about the timely completion of projects and the fulfilment of buyers' aspirations.

Buyers express concerns over the lack of clarity regarding the source of funding and the mechanism for its disbursal, fearing potential delays or inadequate allocations. Despite the SC's directive, the road ahead appears challenging, with financial constraints posing a significant obstacle to the revival of Unitech's projects and the fulfilment of buyers' expectations.

The SC's decision underscores the urgency of addressing the plight of Unitech homebuyers and the need for swift and effective measures to ensure the delivery of promised homes. However, the lingering funding concerns highlight the complexities involved in resolving the crisis and restoring confidence among buyers.

As the legal battle continues and efforts to revive Unitech's projects intensify, the fate of thousands of homebuyers hangs in the balance, awaiting concrete solutions to their long standing grievances. While the SC's intervention offers a ray of hope, the journey towards justice and resolution for Unitech buyers remains fraught with challenges and uncertainties.

Real Estate

01 Sep 2025

Pidilite PPS Sets New Standards in Hospitality Construction

In the fast-paced world of hospitality, where every surface tells a story and every detail impacts the guest experience, Pidilite Professional Solutions (PPS) is emerging as a trusted partner for performance-driven construction. Built on Pidilite’s legacy of customer-centric innovation, PPS offers tailored solutions that go far beyond materials—delivering expertise, accountability, and assurance from design to execution.PPS is a natural extension of how Pidilite has always worked—through deep insight into customer needs and by designing fit-for-purpose solutions. Pidilite’s brands..

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..