GHAZIABAD: Residents of Savy Ville De in Rajnagar Extension have got a breather from the district administration, which has given them 15 days to move a higher court against imminent eviction from their flats.
TOI had reported last week that 42 families in the condominium feared being evicted after recently coming to know of a 2020 order allowing a finance company to seize flats that had been mortgaged by the developer, who had defaulted on the loan repayment.
The residents can use the time given by the district magistrate to move court against the ADM finance’s 2020 order. In the meantime, they have submitted a complaint against the builder with the police and the anti-fraud cell has been instructed to investigate and submit a report in three days.
The developer, Ascent Buildtech Pvt Ltd, had in 2017 allegedly mortgaged the flats to a home finance company, allegedly hiding the fact that the houses were occupied. A total of 122 flats are affected, of which 42 are occupied. The finance company, Reliance Home Finance, had earlier told TOI it would seize the unoccupied flats first.
“People have been living in these 42 flats and owners have been duly paying home loan EMIs. There was panic after the eviction order,” said Pankaj Shah, a resident. “We met the district magistrate on April 21, who gave us 15 days,” he added.
The anti-fraud cell has deputed a circle officer to investigate. “We received a formal complaint on Saturday. Based on the report of the probe, an FIR could be lodged against the builder,” said an officer in the anti-fraud cell.
A Reliance Home Finance representative said that the developer owes them around Rs 23 crore. “We are willing to wait till the situation clears out but we do plan to move in to at least take possession of 80 vacant flats as soon as we get assistance from the administration, as per ADM finance order, which permits us to take possession of the flats.”