 "Action against Unitech a wake-up call for realtors")
The government’s seeking to take over embattled real estate developer Unitech would send a strong message to the industry, developers said.
“It is a wake-up call for all corporates to not do business at the cost of customers, shareholders and vendors,” said J C Sharma, vice-chairman and managing director of Bengaluru-based realty developer Sobha.
“It will send a message to the industry that if you mismanage your company you will lose it,” said an executive with a Delhi-based real estate company. With court cases and government policies like RERA there was now a perception that real estate was
“It is a wake-up call for all corporates to not do business at the cost of customers, shareholders and vendors,” said J C Sharma, vice-chairman and managing director of Bengaluru-based realty developer Sobha.
“It will send a message to the industry that if you mismanage your company you will lose it,” said an executive with a Delhi-based real estate company. With court cases and government policies like RERA there was now a perception that real estate was
