Banks are not funding any loan on D2 Vistas

Q: Banks are not funding any loan on D2 Vistas, Sector 70, Gurgaon. Reason provided: D2 is not approved.

Neeraj Gupta, Apartment Resident

14th June 2011

Unitech Vistas, Sector-70, Gurgaon

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Gurgaon Sector-70 Unitech Vistas

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Since HDFC has started disbursing loan for D2 Vistas...please confirm how the interest component on the previous installments is going to handle in this case? As per the update from Unitech Finance dept, they will going to charge interest on the basis of current home loan rates on the installments which are pending. You can share your telecon details for further discussions..thx

Neeraj Gupta, Apartment Resident

7th November 2011

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Hi I have my flat in D1 tower with the same case of HDFC not approving the loan as the tower is not approved. I booked in june 2010. I've been in touch with Mr ravindra Arora (Head - Retail finance), and the only answer he has is that IT WILL BE DONE WITHIN A MONTH OR SO. I've visited their office many times but the same response. I've shifted to chandigarh due to job transfer.Its 1 year and still in lurch. Ready to initiate legal action against Unitech

piyush prasad, Apartment Resident

26th June 2011

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Hi Neeraj,
When did you book this apartment?
Same is the case with E1 also. I booked this apartment 7 months back. I specifically asked Mr. Vikram Singh (Marketing Manager) whether building is approved and HDFC is providing home loan or not, and he replied in the affirmative. I suggest that all of us who are facing this issue send Unitech a legal notice . Why should we be running after banks for loan when Unitech is not fulfilling it's basic obligations to get all all approvals before selling to buyers. I can take the lead on this, I just spoke to a lawyer yesterday on this matter.
Regards,
Anuj

anuj.lal, Apartment Resident

15th June 2011

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