Realty major Unitech, which is in the midst of a financial crisis, has blamed the Haryana government for lack of support in land acquisition for its Rs 22,000-crore special economic zone (SEZ) at Sonepat. The government's attitude has led to the project being put on the back burner, the company added.
On the other hand, the Haryana State Industrial and Infrastructure Development Corp (HSIIDC) has countered the accusation stating that the company has not shown any serious interest in acquiring land since the formation of the joint venture two years ago.
Unitech, in an alliance with HSIIDC, had announced setting up an SEZ in Sonepat on over 10,000 acres of land, proposed to be developed in four phases.
HSIIDC had 10% equity in this project and it had to acquire up to 25% of the land for maintaining the congruity of the project.
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