After 7 years of uncertainty, Vistas home-buyers’ fate hangs in balance

Though the Supreme Court on Friday asked realty giant Unitech to deposit Rs 15 crore with the court registry representing the principal amount paid to the builder by 38 home buyers in its much-delayed housing projects Unitech Vistas in Gurgaon, buyers have little hope that their concerns will be addressed. 

The buyers, who are mainly from middle class families, said that after having seven years of uncertainty, refund of money is not an amicable solution as they want their “dream home” completed.  

“Our only hope left now is the Apex Court. We urge the court to keep the interests of balance over 1,200 Vistas buyers after making 95 per cent payments are waiting since seven long years to have a roof over their heads. There are several senior citizens and retired people who have put their lifelong savings from retirement into it and living on rent and paying huge EMIs to banks also. The SC should find a way to force the defaulter Unitech to have a foolproof construction plan under the supervision of government agencies. We have nowhere else to go,” said Saurabh Sinha, a buyer cum office bearer of Vistas Residence Association which has taken the matter to Apex Court.  

Another buyer Dinesh Yadav said: “Supreme Court should ask them where has the buyers’ money gone? They should be forced to sell their share in commercial/office and SEZ space to generate resources for restarting construction.

Abhishek, a buyer in the same project, added that the Unitech does not have any intention of completing the pending projects. They have given only false timelines which have been breached time and again. Hope they see the writing on the wall and start construction without any further delays. They need to generate resources.

“There are hundreds of other ongoing projects like Vistas in NCDRC and other courts. Hope this judgment will be an eye opener for Unitech. May God give them good sense. There is no other way out for them but to complete the pending projects as soon as possible,” said Gurinder Singh, a home-buyer.