Unitech Builders Case Study | Lessons for Home Buyers | 5000 cr Scam Explained
Вставка
- Опубліковано 4 сер 2023
- This video is a case study on 5,000 Cr. Fraud done by Unitech Limited in Noida. In early 2000's Unitech Group was considered to be a rising star of Indian Real estate and by 2005 they were 2nd largest real estate developers in India. They were also owners of fastest growing telecom company in India - Uninor. By 2019, they had over 74 projects which were under construction and had 15,000 home buyers who were waiting for the possession of their homes. In 2019, supreme court ordered central government to takeover the management of Unitech Group and complete the pending projects. Later, It was found that Managing directors of Unitech Group have laundered over 5,000 cr. Of funds which were collected from home buyers and financial institutions. 15,000 home buyer have been waiting for over 10 years now for possession of their homes but still it will take another 1 - 4 years for completing all the delayed under construction projects.
In this video, I have shared history of Unitech group and their chairman & Managing directors, growth and success story of Unitech Limited, reasons for their downfall, verdict of supreme court, resolution plan by the new management, information on their pending projects, key points from resolution framework for existing home buyers, status of projects, future of existing home buyers of unitech builders and lessons for home buyer from Unitech Noida Case Study.
Related Videos
1. New Flat cost sheet explained | Hidden cost of buying a new flat : • The Hidden Costs of Bu...
2. New Flat Documentation | Builder Buyer Agreement and Application Form | Important Points to Check : • New Flat Documentation... ;
3. Investing in Under Construction Flat | Truth about Capital Appreciation : • Investing in Under Con...
4. Is RERA registered project safe ? Know this before investing in an under construction property : • Is RERA Registered Pro...
5. How to Negotiate Resale Flat Price | Do's and Don'ts : • How to Negotiate Resal...
6. How to check builder credibility and reputation | How to verify builder background : • How to Check Builder C...
7. How to negotiate flat price with builder : • How to Negotiate Flat ...
8. What is the fair price of a flat | New flat and resale flat valuation : • What is the Fair Price...
9. How to check documents before buying a resale flat : • How to Check Documents...
10. How to check construction quality of a flat : • How to Check Construct...
11. Why I regret buying an under construction flat : • Why I Regret Buying an...
12. Resale flat vs New flat : • Resale vs New Flat : A...
13. Amrapali builders Noida case study : • Amrapali Builders Noid...
14. Rise and fall of Supertech builders : • Rise and Fall of Super...
15. Builder Insolvency or Builder Arrested | Rights of Home Buyers | What should Home Buyers do : • Builder Insolvency or ...
16. M3M Complete case study : • ED Raids M3M | M3M Com...
17. Jaypee Infratech case study : • Real Estate Boom to Bu...
Referece material
www.unitechgroup.com
www.livemint.com/money/person...
www.moneycontrol.com/news/ind...
www.moneycontrol.com/news/bus...
mumbaimirror.indiatimes.com/n...
www.moneycontrol.com/news/bus...
About This Channel
Objective of this channel is to help young Indian know the unknown about buying a property in India
My mission is to educate young Indians about property buying process, starting from
1. How to find & buy your first house
2. How to invest in Indian real estate and make passive income
3. How to create wealth from real estate
4. Learnings for property buyers from real estate case studies
Who Am I?
A Realtor, Entrepreneur, Investor & Educator
I have worked with top developers of the country, have been an entrepreneur into Proptech space & a real estate investor for last 14 years
I want to share what I have learned to help you make a better informed decision based on awareness
I am not a property broker or consultant and do not deal in sale or purchase of property.
You can reach me, for any guidance, queries or feedback
Email: info@flatsandkeys.com
Whats app no: 9625111400
#unitech #realestatefrauds #realestatescams #propertyfrauds
Good Coverage Bhai!
But root of problem is BSP and later SP Govts who were on a spree to allot land parcels on Noida and Greatwr Noida between 2004 to 14.
Second resposibility lies with SC who after giving false hopes to homebuyers has put the case on a slow track like so many other r millions of civil suits in courts across the counrty.
Only good thing is that Chandra brothers continue to be behind bars!!
Excellent
Best is buy ready to move. Dont go for under construction
*Just to change your speculation* Invest in grade A developers which are Pan India brands and have different medium of income.
Definitely comes with extra premium but protects your personal interests in a long run.
Unitech was Pan India realty company
You kindly missed the crux of the issue, but I dont blame you for that.
Main point is simple. Buyers went to SC because Unitech had delayed the projects by 1-3 years and wanted the projects completed asap. However what SC has done with help from ex IAS offices and ex Judges is Delay the projects by another 5-8years.
So for buyers who is the bigger evil people - its quite clear its judiciary. One should understand going to court in India doesnt help in-fact its going to drain you more financially and emotionally, So its always best to find solutions outside court if you want better resolution.
Agreed
so it's better to grovel in the feets of builder, for getting back own money
@@JohnSmith-sl6eg people who built their flats by own are living in home from 4 to 5 years. Enjoy supreme court verdicts..
And it's implementation pace
@@logicalperson108 Which project did buyers build their own homes?
Thank you so much for detailed information .
Sad part , we live in a complex court ruling structure and our government is busy with Either state or Country Elections !
Perfect case of poor governance and regulatory mechanism in India because of which the Unitech home buyers are suffering
Hi Rohan, very nice and informative video. One request please build video on existing builders like DLF, Emaar and his deal with MGF etc. This will help new buyers to become more aware and careful.
Thanks for your suggestion. Will surely cover them as well
Very crisp and to the point ..Please make a video on 3c also
Thanks
thank you. Will surely make a video on same very soon
The central govt talks so much about a common man , its high time our PM, Urban development ministry take interest and help in expediting early delivery of project to the investors. The only beneficiary so far have been the bureaucracy who have ripped the Unitech coffers by enjoying all the benefits and more at the cost of investors who have put in their hard earned money, most of them under Rs 2 crores ( saved out of salaries, PF accumulation, Gratuity and loans taken ) . No govt coming at the centre wants to help honest middle class people and they run the govt by paying taxes . If the BJP govt at centre helps these middle class people, it has done its job and become worthy to get re-elected, otherwise its a sheer waste of our votes in electing such selfish and self centered politicians to power
Thank you for your detailed information. Please provide some details Vedio of Ninja floors by Triveni infrastructure at Faridabad.
Thanks for the suggestion. will make a video on same shortly
Sir will you please make video on tanaji malsure city/sheltrex , karjat Maharashtra
Bhubaneswar one mall from unitech builder is also still shut and never opened
Hi.... good morning
100 Akd k baare me bhi kuch khulasha kriye Jo Athurity dwara fraud Kiya gyaa Greater Noida sector mui plot k baare me baat kr rhe h Jo plot Athurty cansil kr diya thaa....
They invested heavily in greater Noida but due to government change (don't remember who) in uttar Pradesh, metro and roads never reached there.
Uske baad Jo hua wo video me hai.
Sir if possible please make details video about agreements value,
And pro and con of lower agreements value
Thanks for the suggestion. Will definitely make one on agreement value
Short mein kisiko kuchh nahi milega..gaya paisa bhaiya sabka😂
New latest state video l help
What about share holder sir... We are waiting from 2016... Please suggest sir
Please reply sir
Pratiksha karein, aap katar mein hain
Thanks 🥰
Unitech is a classic story of " what goes up very quickly comes down" obeying law of gravitation.
On a serious note , had the govt tightened the unitech mgmt for delivery with good controls , probably many projects would have been delivered. The issue is govt went to court , everything is getting delayed, what could have been done in 1 year has taken 6 to 7 years with no end in sight for the hapless property buyer , many of them have invested their PF and retiral benefits. Their future is completely spoiled by govt and courts.
Let the govt become a little proactive in understanding the pain of the common man and help in early delivery of their prized property. The govt and courts have wasted enough and more time incl livelihood of the hapless investors.
Mera Bharat Mahan!!!
I have started believing on communist govt model is best option for India. China did it, we can do it too. But never through this corrupted democratic republic model.