Unitech received a huge amount from the homebuyers at the time of booking the units in Fresco Apartments. The residents of the society approached H-RERA to present the problems they are facing from a long period of time which included lack of maintenance, unavailability of water supply, sewer lines, etc. H-Rera asked Unitech to file the reply by 25th May and the first hearing of case is to be held on 6th June 2018.

Residents urged that the builders collected a huge amount of 11 crore as interest-free security maintenance (IFSM) from the residents at the time of allotting the plot. As per the laid norms, the builders had to deposit the amount so collected to the society’s maintenance account as a fixed deposit but the builders failed to comply this norm. Residents also informed H-RERA that, despite of incomplete buildings the builders have applied for OCs of 17th floor. The allegations regarding Fresco Apartments were first reported in the month of February of this year.

Unitech in their reply assured to pay back the interest-free security deposit (IFSD) that was collected by the builders from the residents. Moreover, it was mentioned in their reply that “IFSM and façade deposit will be handed over to RWA on receipt of occupation certificate (OC) for entire project, as per terms of the buyers’ agreement.” To this submission of builders, the president of Fresco society RWA said that Unitech claimed that they have applied for OC and hence the project does not come under H-RERA. The residents wants the authority to declare that the project comes under the ambit of H-RERA so that the builders are answerable to the authority.

In addition to all this, Unitech stated before the H-RERA that the issues mentioned by the residents will be solved soon and the payment of 11 crores will also be paid back in due course.

Disclaimer – The above points are based on the personal interpretation. The readers are expected to take expert opinion before placing reliance on it.