Please donot invest in Unitech residential property!
Had booked a flat in Unihomes 3, Noida in March 2012 with a promised possession within 36 months. I always had an impression that Unitech is a reputed and trusted builder.
Now, it’s been almost 30 months but Unitech has not completed the ground floor construction of the building B3. With the present pace of construction, dont see possession to happen before 2016-17.
Have a home loan running on which I have been paying monthly EMIs also have invested almost 10 lakhs which was my lifetime savings for paying demand against the flat. I’m loosing both on EMI as well as interest on the savings that I could have earned by investing my money.Also, resale rates are almost the same at which I had booked the flat in March 2012.
Now if you call up Unitech office, nobody has answer to reason for delay and if you visit to their office, guards donot allow to meet the people from senior management of Unitech.Not sure, if I’ll ever get the possession of the flat.I have booked a flat in Tower B3.Project Name: Unihomes 3, Sector 113, Noida