noida the noida authority has finally cracked the whip on unitech on tuesday it asked the real estate firm to submit an audit report as well as a towerwise completion schedule of its residential project in sector 117 unitech homes by may 5 after a facetoface meeting with representatives of the developer and homebuyersnoidas additional ceo aceo shishir singh who attended the meeting told toi that unitech has agreed to provide the towerwise completion schedule and the audit report of the project which will then be communicated to nearly 800 homebuyers who were promised delivery by 2012the builder will also have to provide a detailed financial plan of how it intends to complete the towers with its resources it will provide information to us about how much money has been collected from homebuyers for each tower and how much it has used till now for construction so that the claims of buyers that the builder has diverted funds from this project elsewhere can be crosschecked singh saidwe will also check the complaints of buyers that they are often harassed by bouncers employed by the builder strict action will be taken if the allegations are found to be true he saidaccording to singh the developer has also been asked to hold a meeting with the buyers on april 23 many buyers have demanded refund of money where no construction has started they are also demanding penalty payment from the builder due to delay in possession we have asked unitech to arrange a meeting with the aggrieved buyerswe are also exploring the idea of asking builders to submit their annualhalfyearly returns in the form of how many flats booked how much money received and how much work completed the aceo addedaccording to noida authority officials about 288 lakh square metres of land was allotted to unitech in april 2007 the builder has defaulted on all installments since 2009 so far it has deposited only rs 226 crore of the over rs 900 crore owed to the authority singh saidunitech has also applied for reprieve under the project settlement policy initiated in december last year that is aimed at addressing the issues of the realty sector in noida greater noida and yamuna expressway areas he addedwhen contacted unitech spokesperson nadeem khan said they have scheduled two sets of meeting on april 23 with the homebuyers we will address the homebuyers issues on april 23 and all demands of noida authority will be met before may 5 he added