BNP Paribas analysts visited the sites of newly launched Unitech Homes projects and were shocked to find that the company has not launched any Construction Activity. Here is an excerpt from the report of various projects of Unitech Ltd.
Uniworld Gardens II Residential - Apartments Gurgaon Fully Sold Mar-09 No construction activity
The Villas Individual Bunglows Gurgaon na Aug - Sep 09 No construction activity
The Residences Residential - Apartments Gurgaon Fully Sold May-09 No construction activity
Sunbreeze Residential - Apartments Gurgaon Fully Sold Aug - sep 09 No construction activity
Unitech Vistas Residential - Apartments Kolkata 20-25% sold Jul-09 Preliminary construction activity
Gateway Phase 2 Residential - Apartments Kolkata 5 - 10% sold Aug-09 No construction activity
Unihomes Residential - Apartments Kolkata 0-5% sold Aug-09 No construction activity
Unihomes Residential - Apartments Noida 80% sold Jul-09 No construction activity
Uniworld Gardens Residential - Apartments Noida more than 70% sold Jul-09 No construction activity
Willows @ Grande Residential - plots Noida 40% sold Jul-09 Preliminary construction activity
Unihomes Plots Residential - plots Greater Noida Fully Sold Jul - Aug 09 No construction activity
Unihomes Residential - Apartments Greatern Noida ~ 5% sold Sep-09 No construction activity
Unihomes Residential - Apartments Chennai 300 units sold Aug-09 No construction activity
Ananda Residential - Apartments Chennai Fully Sold May-09 No construction activity
Brahma Residential - Apartments Chennai Fully Sold May-09 No construction activity
With Real Estate Regulator coming into force, Unitech will have a tough time if it continues such practices.
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