October 06, 2025

Notice for the Homebuyers of Unitech Group

Subject: Clarification regarding rate of Goods and Services Tax (GST) applicable for Unitech Construction Services

Dear Homebuyers,

1. 1.

   We have been receiving queries from the Homebuyers related to recent GST revision effective form 22.09.2025. We have consulted with the concerned experts and this is to inform you that there is no change in the billing rate for Unitech’s construction services. The prevailing rate of 12% (with Input Tax Credit) will remain in force for all Unitech Group on-going projects.

2. 2.

   It is also relevant to inform that the erstwhile management has opted for 12% GST rate with input tax credit on all on-going projects w.e.f. 01.04.2019 when the Government had notified for either availing 5% GST rate without ITC or 12% GST rate with ITC for residential and commercial construction. Therefore, under the present regulations, the new management is bound to carry on the same rate of GST @12% (with ITC). As such GST rate of 5% is not applicable to Unitech Group for on-going projects.

3. 3.

   To provide further clarity on the tax structure, please be informed of the following breakdown as per government regulations:

4. (i) The gross GST rate on construction services, as per Notification No.11/2017-Central Tax (Rate) dated 28.06.2017 and its subsequent amendments is 18%.

Click here for more details

20th June, 2025

Subject: Concerns regarding default in payment of Instalments of balance dues by the Homebuyers – reg.

Dear Homebuyers,

1. 1.

   The Government appointed management of Unitech has repeatedly approached the homebuyers with requests to ensure timely payment of their balance dues in instalments as per the Revised Payment Plan, duly approved by the Hon’ble Supreme Court vide its order contained in para 6 of its order dated 03.11.2023. Needless to say, the management has been raising demands for payment of dues only in respect of projects where construction has commenced on ground.

2. 2.

   While the payments by the Homebuyers of certain projects is found to be encouraging, it is equally disappointing in certain others. Taking stock of the status of demands raised and the payments made by the homebuyers as on 31.05.2025, it has been found that as against the demand of Rs. 613.20 Crore, the payments received from the Homebuyers are of the order of Rs. 392.45 Crore, leaving an unpaid gap of Rs. 220.75 Crore. This makes the task of uninterrupted pace of construction and timely payment of running bills of the Contractors extremely challenging.

3. 3.

   The fresh demand of dues as on 10.07.2025 has been worked out to Rs. 187. 62 Crore. Thus, the management should be receiving an amount of Rs. 220.75 Cr. + Rs. 187.62 Cr. = Rs. 408.37 Crore. The list of project-wise total demand raised and the payment received is being enclosed and placed on the Company website in the Public domain as part of the transparency that we have been maintaining.

4. 4.

   It may kindly be appreciated that the need for Contractors’ payments is bound to be upscaling with every month if the pace of construction is to be maintained/ augmented. So far, we have been managing it reasonably well but we need your support to maintain the same.

5. 5.

   We are not publishing the names of individuals who are defaulters for maintaining their privacy for the present but strongly urge that they may clear their default during the next one month. However, in case this situation continues, we will be left with no option but to publish their names in the Public Domain and will also be constrained to initiate the process of cancellation of their allotments. We would like to avoid such extreme steps as far as possible.

(Y. S. Malik)
Chairman & Managing Director

20th June, 2025

Subject: Status updates of various projects – reg.

Dear Homebuyers,

1. 1.

   We have been receiving emails from some groups/ individual Homebuyers to know the status updates on the projects where they have booked their Housing/ Commercial units and construction works have been commenced. As per the feedback received from a cross-section of the Homebuyers, they expect to know the status updates on the project in which they have booked their Units before the due date of payment of instalments. We respect this feedback as it would give them (the Homebuyers) the required confidence in making timely payments.

2. 2.

   The management has streamlined the system so as to ensure that the homebuyers do not have to send email requests on this account. Please take note of the following schedule:

Sr. No.	Due date of Instalment Payment	Status update on the Project to be submitted by the PMC as on	Date of submission by the PMC in the prescribed format	Date of Uploading on the website by the Unitech Management
(i)	10th January	15th December of the previous year	20th December of the previous year	31st day of December of the previous year
(ii)	10th April	15th March	20th March	31st March
(iii)	10th July	15th June	20th June	30th June
(iv)	10th October	15th September	20th September	30th September

3. 3.

   Every effort shall be made to adhere to the above schedule.

4. 4.

   The Homebuyers can view the Status of their Project, as updated on quarterly basis, on Project Construction Status on the Homepage.

(Y. S. Malik)
Chairman & Managing Director

Notice to Fixed Deposit Holders

Refunds to FD Holders on grounds of medical exigency, as approved by the Hon’ble Supreme Court vide its Order dated 01.02.2023 on the recommendations of Justice (Retd.) A.M. Sapre

It is hereby notified for the information of all such FD Holders to whom the refunds have been approved by the Hon’ble Supreme Court on the grounds of Medical Exigencies vide its order dated 01.02.2023, that payments shall be made upon submission of documents, as mentioned in detail (Click here for detail). The List of FD Holders who has been found eligible is uploaded on portal.

It may be noted that the list being uploaded now has been cleaned up to take care of multiple/ duplicate entries/ correction of names etc.