Unitech Unihomes II Sector 117, Noida

Unihomes Phase-2, developed by UNITECH LIMITED, was officially launched on April 1, 2017, with an expected completion date of December 31, 2019. It is registered under RERA No. UPRERAPRJ11352, covering a total area of 10.76 acres.

The Supreme Court ordered the disbursal of ₹67 crore to 352 buyers of Unitech's Uni Homes project in Noida, to be distributed on a pro-rata basis to homebuyers seeking refunds. All homebuyers of Uni Homes have been verified by Amicus Curiae Pawan Shree Aggarwal.

The Supreme Court allowed the Ministry of Corporate Affairs to take total management control of Unitech. This decision was made after Unitech failed to deliver projects by the promised timelines.

The Delhi bench of the National Company Law Tribunal (NCLT) ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against Supertech Ltd, following a petition by the Union Bank of India for non-payment of dues of around ₹432 crore.

The National Company Law Appellate Tribunal (NCLAT) limited the Corporate Insolvency Resolution Process (CIRP) to only the 'Eco Village II Project' of Supertech, located in Greater Noida (West). The NCLAT directed the constitution of the Committee of Creditors for the said project only.

The Supreme Court directed the Noida Authority to process the revised layout and building plans submitted by the government-appointed board of Unitech for nearly 10 projects in Noida, without insisting on upfront payment of dues. This decision aims to provide relief to thousands of homebuyers.

Homebuyers of Unihomes 1 and 2 in Sector 117, Noida, have requested the Supreme Court to direct Unitech to take necessary actions to start construction at the earliest. They also requested that the court consider the delays caused by waiting for hearing dates and approvals, to ensure the projects are completed in the minimum possible time.

The Noida authority stated it will not approve revised building maps for Unitech Group's housing projects, including Unitech Unihomes in Sector 117, until the realty firm clears its financial dues of around ₹10,000 crore. The authority has informed the Supreme Court of this decision.

The National Company Law Appellate Tribunal (NCLAT) set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd, filed by homebuyers of a project in Greater Noida. The appellate tribunal upheld the order passed by the Delhi-based bench of the National Company Law Tribunal (NCLT), which had in January 2023 set aside the plea of homebuyers.

A Supreme Court order is likely to allow construction to begin on Unitech's stalled projects, affecting around 6,000 homebuyers in Noida. The court modified its earlier order, asking the Noida Authority to approve revised layouts of Unitech on the entire land allotted to the builder without insisting on dues exceeding ₹10,000 crore.

The Supreme Court addressed various issues related to Unitech projects, including Unihomes Phase 2 in Noida, in a hearing on December 2, 2024. The court noted that the Occupation Certificate (OC) for the project was received on October 1, 2024, and possession can be offered to homebuyers by the end of December 2024.

Homebuyers from 32 societies in Noida, including those in 7x sectors and Sectors 141, 167, and 137, staged a conch shell protest against the delay in pending registries. They demanded the implementation of the original Amitabh Kant Committee report and the chief minister's intervention.

The Supreme Court cautioned state authorities against non-compliance with its orders in matters related to Unitech Ltd, stating it will not tolerate hurdles in the completion of stalled housing projects. The court emphasized that all requisite permissions should be granted by state development authorities.