A real estate lesson from the Unitech case
The recent arrest of Unitech promoters was the result of homebuyers coming together and fighting the case tooth and nail. Here's what you can learn from them
The large number of court cases filed by aggrieved homebuyers against real estate developers shows the sorry state of affairs. It seems there aren’t many developers who have not defaulted on promises or not broken rules. However, the recent arrest of managing directors of Unitech for not delivering a housing project on time, can be considered a big achievement for the homebuyers who are fighting the case against the developer. Not only the arrests, the Unitech case has witnessed many other landmark decisions as well.