News: Cash-strapped Unitech on shaky ground; delays payment to staff

Compensation & Benefits

Cash-strapped Unitech on shaky ground; delays payment to staff

Some employees of UnitechBSE -0.98 % have alleged that the struggling real estate developer has not paid salaries on time and also delayed depositing tax deducted on source and provident fund with the authorities amid a sharp slowdown in home sales in its home market of Gurgaon. Allegations come alongside complaints by homebuyers about massive delays in delivery of several projects.

Some employees of UnitechBSE -0.98 % have alleged that the struggling real estate developer has not paid salaries on time and also delayed depositing tax deducted on source and provident fund with the authorities amid a sharp slowdown in home sales in its home market of Gurgaon. Allegations come alongside complaints by homebuyers about massive delays in delivery of several projects.

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Topics: Compensation & Benefits, #Corporate

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