Wednesday 12 October 2011

Tuesday 11 October 2011

Meeting with Sanjay Chaudhary

Two of our group members visited Unitech Head Office and met Sanjay Chaudhary and had a very lengthy chat with him. As per them, his attitude, body language and even the communication was such that Unitech is doing a favour on us by delaying the project.
The summary of their discussion is:
·         He told them in so many words that its Unitech which is actually losing money because the costs have gone up due to the delay, whereas we as investors have actually gained due to increase in market rates.
·         After this, they had heated arguments with him for good one hour and he was stuck to his stand that there's not much he can do for us and Unitech is its best.
·         The work will start full-fledged from October onwards and accepted that the project is now delayed by one year. This we are again feeling was a timeline without any basis as he has told during common meeting that the work will start from Nov.
In past also we have dealt with Sanjay Chaudhary and his tone was similar. But, when we were able to gather support from the group and gave strong representations, he was the first one to call and arrange meeting at Unitech.