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.
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Referece material
www.unitechgrou...
www.livemint.c...
www.moneycontr...
www.moneycontr...
mumbaimirror.i...
www.moneycontr...
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
19 сен 2024
