FrontPage is India's Stock Market Social Network
Join 3,00,000+ Traders and Investors
UNITECH
Popular Posts

Finvest Capitals

https://www.moneycontrol.com/news/business/press-release/... #UNITECH

NewsBot

NewsBot-display-image
Reputation: 27,722  •  Oct 17 1:41 AM
Predatory pricing – it worked for telecom, so why not cement?
​Cement is a beautiful business – one with regional flavours, many moving parts, clean balance sheets and where many companies make decent money
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Sep 2 4:26 AM
As progress in delivery of flats lags, 50% directors of Unitech board resign
Half the directors on the board of Unitech have resigned two years after the Supreme Court ordered its overhaul. There has been a lack of progress in the delivery of flats to over 10,000 homebuyers, TOI reported Friday. Hiranandani group founder and MD Niranjan Hiranandani and former NBCC chairman and MD AK Mittal have resigned from their posts, joining HDFC MD Renu Sud Karnad and former SBI MD B Sriram, who did the same a few months ago.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 29 11:56 AM
'Twin towers demolition unlikely to impact housing demand, prices in Noida-Greater Noida'
In recent years, properties developed by builders with credible track record are in demand after a raft of instances of homebuyers facing problems of long delays in getting possession even after making payments.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 28 9:21 AM
Demolition of twin towers is a lesson for all stakeholders: Industry experts
According to the experts, ​​this will fix the accountability for violating building laws. The state regulatory authorities under the Real Estate (Regulation and Development) Act, 2016 should be more empowered to take action against defaulters and protect consumers interest, they added.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 21 10:01 AM
ETMarkets Trade Talk: Indore trader who turned crorepati by selling options, started with just Rs 5,000
"I am mostly an option seller these days. Earlier, I used to trade with small capital and so I used to buy. Now my capital has increased. Option selling requires more capital but gives me mental peace. Besides a crypto portfolio, I have made a bank FD which gives me enough interest to take care of my monthly expenses. I also follow the principle of not having more than 20% of my total funds in my demat account. "
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 18 4:33 AM
SC asks Unitech board to upload on its website timeline for completion of stalled projects
It also asked the board to upload within 48 hours the newly revised payment plan under which the home buyer is required to make payments and asked the flat buyers to give their suggestions or feedback, if any, to the board of management, which would facilitate the court in passing the orders in this regard.
Moneycontrol
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 17 1:41 AM
Supreme Court asks Unitech board to upload on its website timeline for completion of stalled projects
A bench of Justices DY Chandrachud and MR Shah said that the funds receivable from the home buyers or unsold inventories shall be used only for the construction purpose and would not be allowed to be diverted for any other purposes.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 15 12:01 PM
Realty hot spot: Promising housing destination in NCR
Sectors 74 to 79 in Noida are close to employment hubs and have good connectivity to Delhi.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 11 6:26 AM
SC allows ex-Unitech promoter Sanjay Chandra's wife to move trial court for bail in ED case
The top court noted that an Additional Sessions Judge in Patiala House Court had on August 8, granted permission to the Enforcement Directorate to interrogate Preeti Chandra for three days within a period of 40 days in the case.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 1 5:51 AM
Unitech's Ramesh Chandra Granted Medical Bail by High Court
The court noted that from the medical record, it was clear that Chandra's condition was "quite serious" and his ailments "have assumed larger proportions" on account of age. "He is suffering from cognitive impairment and dementia. He is also in need of cardiological as well as neurological assistance and has had numerous falls, weight loss, memory loss, etc.," noted the court in its order dated July 28.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jul 31 4:26 AM
Unitech founder Ramesh Chandra granted medical bail by High Court
The court noted that from the medical record, it was clear that Chandra's condition was “quite serious” and his ailments “have assumed larger proportions” on account of age.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jul 16 12:21 PM
Supertech puts on sale 2 hotels, 2 shopping malls to raise Rs 1,000 cr for completing projects
According to property consultant Anarock, homebuyers who booked flats in housing projects in the Noida-Greater Noida property market are worst affected, with over 1.65 lakh flats worth Rs 1.18 lakh crore currently stalled or significantly delayed in these two cities.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jul 7 1:26 AM
Unitech board: Renu Sud Karnad, Balasubramanyam Sriram resign as non-executive nominee directors
A few years back, the Supreme Court had directed that the erstwhile board of directors of Unitech Ltd be superseded and the management be taken over by the new board of directors in terms of proposal submitted by the Union government.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jun 26 4:41 AM
Homebuyers in Noida-Greater Noida worst hit; 1.65 lakh units of Rs 1.18 lakh crore stalled
Delhi-NCR alone accounts for a whopping 50 per cent with 2,40,610 stalled or delayed units worth Rs 1,81,410 crore. Giving further breakup of the Delhi-NCR data, Anarock said that Noida and Greater Noida region account for nearly 70 per cent of total stuck/delayed units while Gurugram's share is only 13 per cent.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jun 13 12:01 PM
Realty hot spot: A planned satellite town in Kolkata
The area has good educational institutions, hospitals and employment hubs close by.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jun 12 7:11 AM
4.8 lakh homes worth Rs 4.48 lakh cr stuck or delayed in top 7 cities; 2.4 lakh units in NCR
At the end of May 2022, Anarock said that 4,79,940 units worth Rs 4,48,129 crore were stuck in various construction stages across these seven cities. The property markets of these seven cities were saddled with about 5.17 lakh units worth Rs 4.84 lakh crore at the end of 2021 calendar year.
The Economic Times
Like
Comment
Share
Add a comment
ResultsBot-display-image
Reputation: 20,221  •  Jun 6 12:30 PM

#UNITECH will declare results on Jun 8, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jun 1 2:01 AM
Corporate Radar: Dividends, Q4 results, reverse-stock split & more
Shares of IIFL Wealth Management and Advani Hotels & Resorts will go ex-dividend today. While IIFL Wealth had announced an interim dividend of Rs 20 per share, Advani Hotels had announced an interim dividend of Rs 1.4 per share.
The Economic Times
Like
Comment
Share
Add a comment
ResultsBot-display-image
Reputation: 20,221  •  May 30 12:30 PM

#UNITECH will declare results on Jun 1, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Apr 27 3:28 AM
Unitech case: SC gives opportunity to senior citizens, persons in urgent need of funds due to medical urgency to seek refund
The Unitech board of management also informed the Supreme Court that subject to statutory approvals and availability of funds, it will be able to deliver 1000 to 1500 flats in nine to 12 months starting from August
Moneycontrol
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Dec 14, 2021 8:16 AM
REPL appointed as consultant for completion of Unitech projects in Gurgaon
The Supreme Court appointed board of Unitech group has appointed Delhi-based consultancy company REPL (Rudrabhishek Enterprises Ltd Project Management Consultants (PMC) for taking forward the assignments and ensuring timely delivery of homes to the homebuyers.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Nov 25, 2021 11:56 AM
Jailed Unitech promoter's wife hid association with a host of companies
The ED has alleged that earlier this year, when Preeti Chandra was questioned a few times and asked about details of her association with companies and other financial transactions, she claimed to be associated with only four companies.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Nov 11, 2021 11:26 AM
SC asks Union home secy to carry out urgent clean-up of Tihar Jail
The top court had earlier been aghast at the collusion between the officials in the jail and the promoters of Unitech who were jailed there.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Oct 25, 2021 4:11 AM
Delhi cops raid 37 places after SC probe order into Tihar officials, Unitech ex-promoters 'collusion'
The Delhi Police on Monday raided 37 locations in Haryana, Rajasthan and the national capital, days after the Supreme Court directed a probe into the alleged collusion of Tihar Jail officials with Unitech's imprisoned ex-promoters Sanjay and Ajay Chandra.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Oct 6, 2021 11:16 AM
SC directs full-fledged probe into collusion of Tihar jail officials with ex-Unitech promoters
The top court directed the Home Ministry to comply with Asthana's suggestions in the report on enhancing prison management and allowed a copy to be shared with the ministry for for necessary compliance of directions.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Oct 6, 2021 5:36 AM
Unitech diverted Rs 2,345 crore to tax havens and other countries, ED informs court
A Delhi court sent former Unitech group promoter Sanjay Chandra's wife Preeti Chandra to ED's custody till October 9, Ramesh Chandra to October 8, and Rajesh Malik till October 11.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Oct 5, 2021 6:21 AM
Money-laundering case: ED arrests Unitech founder, 2 others
The federal agency had previously quizzed Preeti Chandra, the wife of former Unitech managing director Sanjay Chandra. It will now seek the trio's custodial interrogation.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Oct 4, 2021 2:11 AM
Unitech founder Ramesh Chandra, daughter-in-law held by ED in money-laundering case
The Chandra brothers, accused of siphoning home buyers' money, are lodged in Taloja jail in Mumbai after the Supreme Court directed that they be transferred from Tihar. The SC gave the directions after the ED claimed that the brothers were conducting business from inside the Tihar jail by conniving with the prison staff.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Sep 29, 2021 1:31 AM
Delivery of stuck realty projects may be delayed further over procedural snags
However, despite the Supreme Court appointing new boards or designated authorities to complete construction of pending projects, they are yet to see much progress due to disagreements amongst various stakeholders, such as government authorities and secured lenders
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Sep 28, 2021 4:36 AM
Procedural delays, lack of consensus hinder delivery of ‘stuck homes’ despite resolution
In bigger cases, like Unitechs, there has been little progress in completion of projects. In Amrapali case, NBCC could not achieve much in terms of construction due to lack of funds. In Jaypee case, the resolution plan is pending for National Company Law Tribunal (NCLT) approval.
The Economic Times
Like
Comment
Share
Add a comment
Finvest Capitals-display-image
Reputation: 10,719  •  Sep 25, 2021 6:00 AM
3 Likes
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Sep 8, 2021 1:01 AM
SC seeks status report from ED, police on probe against Unitech, ex-promoters
Both Sanjay and Ajay who are in jail since August 2017 are accused of allegedly siphoning home buyers' money. The top court in its October 2017 order had asked them to deposit Rs 750 crore with the apex court registry by December 31, 2017. The Chandras have claimed that they complied with the court's conditions and deposited in excess of Rs 750 crore and therefore they are granted bail.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 29, 2021 9:36 AM
Unitech's Chandra brothers shifted from Tihar to Mumbai jails
"Sanjay and Ajay Chandra both were taken under police escort to Mumbai by train on Saturday morning," Delhi Police official said.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Aug 26, 2021 9:46 AM
SC orders shifting ex-Unitech bosses Sanjay, Ajay Chandra from Tihar jail to Mumbai prisons
​​​A bench of Justices D Y Chandrachud and M R Shah said that two reports of Enforcement Directorate about the conduct of Sanjay and Ajay and connivance of Tihar jail staff in flouting the orders and undermining the jurisdiction of the court have raised some "serious and disturbing" issues.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jul 30, 2021 7:36 AM
Unitech money laundering case: ED attaches London hotel valued at Rs 59 crore
The agency, in a press statement on Friday said it had initiated money laundering investigation on the basis of various FIRs filed by homebuyers against Unitech Group & its promoters before Delhi Police.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jun 4, 2021 8:11 AM
Supreme Court grants 15-day interim bail to Unitech ex-promoter Sanjay Chandra
The bench declined to accept senior advocate Siddharth Dave's request for extra time, saying Chandra should comprehend why the circumstances under which the court had earlier cancelled the interim bail.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Apr 27, 2021 1:06 AM
Unitech promoter’s wife Preeti Chandra involved in money laundering: ED to Court
Making this charge for the first time, the federal agency has alleged that Preeti Chandra had “financial linkage” with Unitech and that “substantial funds were diverted” from the company and its subsidiaries to her personal account.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Apr 14, 2021 4:06 AM
Unitech promoter Sanjay Chandra’s wife furnishes bank a/c details to Enforcement Directorate
Probing a money laundering case allegedly involving Sanjay Chandra, the federal agency had sought details of Preeti Chandras bank accounts, a company in Dubai. As demanded by the agency, Preeti Chandra has also furnished details of the bank accounts operated in the name of her children.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Mar 30, 2021 1:56 AM
ED attaches properties of promoters of Unitech group
The agency on Tuesday said that it has attached 12 land pieces admeasuring total area 48.56 acres situated in Gurugram, Haryana.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Mar 13, 2021 2:21 AM
Enforcement Directorate issues summons to Unitech promoter Sanjay Chandra's wife
The summons, issued on March 10, ask Preeti Chandra to "tender statement", said people in the know. Preeti was questioned for several hours on March 10 after she was stopped from boarding a flight to Dubai from the Indira Gandhi International Airport in Delhi. She was stopped following a 'lookout notice' issued by probe agencies, people with direct knowledge of the matter said.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Mar 5, 2021 8:18 AM
Enforcement Directorate Conducts Searches On Real Estate Player Shivalik Group
An Enforcement Directorate team from Delhi searched more than a dozen places on March 4.
Moneycontrol
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Mar 5, 2021 5:08 AM
Enforcement Directorate Conducts Searches At Shivalik Group
An Enforcement Directorate team from Delhi searched more than a dozen places on March 4.
Moneycontrol
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jan 8, 2021 3:26 AM
Can’t take over any more stalled realty projects: Supreme Court
A bench headed by Justice DY Chanrachud said that the court lacked the expertise to finish stalled projects. “It is not that we havent undertaken such exercises in the past, but we find it a drain on our resources,” he said.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Dec 30, 2020 7:56 AM
HC extends interim bail of Unitech promoter Sanjay Chandra on medical grounds
Chandra was lodged in jail under judicial custody since August 2017 for allegedly siphoning off home buyers' money. Senior advocate Mohit Mathur, representing Chandra, sought extension of interim bail by 45 days, saying his medical condition was not good and there is high risk of complication as he is suffering from co-morbidities.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Dec 10, 2020 10:41 AM
IL&FS puts corporate loans worth Rs 5,000 crore on the block
The deal will be on cash consideration basis with the beleaguered group seeking one consolidated bid for the entire portfolio. Applicants have to submit binding bids by next month.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Dec 7, 2020 4:06 AM
CBI registers case against Unitech MD in Canara bank fraud; carries out searches
The Canara Bank has alleged that the company had been availing credit facilities from it on the basis of personal and corporate guarantees from Chandras. Later, due to low demand in the housing market, the company started defaulting on payments.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Nov 28, 2020 11:53 AM
Delhi HC declines to extend Unitech promoter Ajay Chandra's interim bail
The high court noted that the Supreme Court is seized of the matter and there was no ground to extend the interim bail.
Moneycontrol
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Nov 27, 2020 9:01 AM
HC declines to extend Unitech promoter Ajay Chandra's interim bail
A trial court had on October 24, granted interim bail to Chandra for four weeks on grounds of illness of his wife who was stated to be suffering from COVID-19. Later the relief was extended till November 26.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Sep 14, 2020 12:01 PM
Realty hot spot series: Well-developed social, retail infra are plus points of this NCR locality
This week ET Wealth realty hot spot series takes a look at NCR locality near Delhi - Noida Expressway. The area is surrounded by key office hubs and provide well developed social and retail infrastructure. Here is a brief look at what makes this area prime hot spot.
The Economic Times
Like
Comment
Share
Add a comment
NewsBot-display-image
Reputation: 27,722  •  Jul 31, 2020 8:36 AM
Supreme Court allows sharing of resolution plan of real estate firm Unitech Ltd
The Supreme Court on Friday said the resolution plan of the newly-constituted board for Unitech Ltd can be shared on its portal to solicit suggestions from the parties to help resurrection of the embattled real estate firm.
The Economic Times
Like
Comment
Share
Add a comment