GHAZIABAD: Citizens residing in Savvy Villa Day Society of Rajnagar Extension are in sleepless nights as they’re getting notices to vacate their residences. Citizens have approached the district management in quest of lend a hand to save lots of their residences. The district management itself has issued an order to bodily take ownership of the mortgaged assets below the SARFAESI Act. Citizens say that they’re badly stuck within the entice of the builder. When the flat used to be purchased, the builder didn’t tell that he had already taken a mortgage in this flat. Citizens are actually paying installments regularly by way of taking mortgage at the flat. In this type of scenario, the citizens are very dissatisfied upon getting the awareness of eviction of the home.
that is the case
M/s Ascent Buildtech Non-public Restricted Khasra No. 990,992,993,994,995,996 Village Noornagar Nagar Sihani, Rajnagar Extension Ghaziabad The mortgaged assets used to be taken as loan with Reliance House Finance Restricted. The builder offered the flat by way of making it. Other people have began residing by way of purchasing this flat by way of taking mortgage. Now after 5 years when the builder didn’t pay off the mortgage, the corporate giving the mortgage appealed to the district management to take ownership of that land. The district management has issued an order in this. Now the citizens listed below are stranded. The lending corporate has pasted a realize to take ownership of 122 residences. It’s being informed that the mortgage giving corporate has given an inventory of 122 residences to the management. Out of this, 80 residences are below development whilst persons are residing in 42 residences for five years.
A criticism of fraud has been given to them by way of the citizens of Savvy Villa de Society. The subject has been despatched to the town Justice of the Peace for investigation. Additional motion will probably be taken handiest after the inquiry file is gained.
Vivek Srivastava, ADM Finance
allegation of fraud
The citizens of the society mentioned that the registration and ownership of 610 residences has been accomplished within the rental. They all reside with their households in those residences whilst there are 146 residences within the below development Tower C. These types of residences have loans from other banks. However all people flat consumers have were given data only some days again that the builder has fraudulently were given the mortgage. Within the tournament of non-payment of mortgage cash by way of the builder, now an order has been given to provide ownership of our flat to the finance corporate. Whilst all people are paying the EMI of the mortgage taken by way of us on time. Strangely, the financial institution has given two loans each and every at the similar assets. No investigation used to be accomplished. Other people have demanded from the district management that regardless of getting mortgage from the finance corporate by way of fraudulent builder, all people were offered the flat preserving in the dead of night. Criminal motion will have to be taken towards builder Suresh Gogia and Umesh Kumar Budhiraja at the side of giving aid to us by way of getting this entire subject investigated.