NOIDA: After the Supreme Court’s order, Noida Authority has accredited layouts of all Unitech tasks within the metropolis.

The court docket had initially directed Noida Authority to grant approvals for revised format plans on the complete land allotted to Unitech with out insisting on restoration of its dues, which quantity to almost Rs 11,000 crore. However in a revised order on Apr 26 this 12 months, it directed that the allotted land needs to be categorised into two components – the place homebuyers have been allotted flats and plots, and the place tasks are but to be launched.

Format approvals pertain to sections the place tasks have been launched.

Unitech is now run by a govt-appointed board, which has been tasked with delivering its incomplete flats to homebuyers.

Noida Authority knowledge exhibits Unitech possesses 443 acres of land throughout three parcels. Format approval for tasks has been granted on 246 acres, whereas 197 acres within the second section stay vacant.

Round 5,500 homebuyers have purchased flats and villas in these tasks and are awaiting possession for 10 years now. With the approvals now given, development work can resume on the tasks.

YS Malik, a former IAS officer and chairman of the Unitech board since 2020, stated contractors have been finalised for a number of batches of tenders and development will begin as soon as environmental clearances for the tasks are obtained.

Relating to land within the second section, Malik stated they plan to current the layouts to the Supreme Court docket and search steerage on creating the required civic facilities. He additionally expressed concern about the way in which this could be performed as a result of amenity improvement ought to have continuity. “The services must be developed in a steady method. Nevertheless, the way by which the sanction has been granted might pose challenges in creating these services,” he added.

In Sectors 96, 97 and 98, Unitech had launched three tasks: Amber, Burgundy and Willows 1 and a couple of. There are 638 homebuyers in these tasks, of whom 178 have sought refunds. Noida Authority has sanctioned 818 models on 164 acres of land whereas 180 acres stay vacant within the second section. The full dues as much as April 30, 2024 (together with land premium and lease hire) quantity to Rs 7,747.84 crore.

In Sector 113, the developer launched Unihomes 3, which has 1,621 homebuyers. Of those, 941 have sought refunds. Noida Authority has sanctioned 1,751 models on 26.5 acres, with about 9 acres of land mendacity vacant. The full dues on this challenge is Rs 900 crore.

In Sector 117, the developer launched Beautiful, The Residences, Unihomes 1 and a couple of, Uniworld, and Gardens, comprising 3,327 homebuyers, of whom 1,036 have sought refunds. Noida Authority has sanctioned 3,728 models on 56 acres, with 8.7 acres left vacant within the second section. The full dues as much as April 30, 2024 are Rs 2,066 crore.

In its April order, Supreme Court docket thought-about Noida Authority’s considerations about vacant land parcels. The Noida Authority wished the Unitech board to return the vacant land to it. Nevertheless, the court docket stated a choice on vacant land can be taken later and reiterated the problem of dues can be determined sooner or later. Unitech has proposed establishing new towers and plotted homes in vacant areas to generate capital and sources to finish its current tasks.