Apartment association ‘denies’ electricity supply to flat in Indirapuram – ET RealEstate

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GHAZIABAD: A family has been unable to shift to their flat in a housing society in Indirapuram even after being given the possession in March this year as the Apartment Owners Association (AOA) has allegedly refused them electricity connection.

Over the months, various authorities, including Ghaziabad Development Authority (GDA) and the electricity department, wrote several letters to the AOA office-bearers asking them to provide power supply to the flat but to no avail. The GDA had held a meeting of the flat owners, AOA office-bearers and the builder’s representative on July 22, but “nothing happened”.

Sanjay Kumar, a resident of Shipra Shrishti in Ahinsa Khand 1, had bought a flat in the same society in February 2020. Besides the power woes, Kumar’s plan to shift was further postponed due to the lockdown. Kumar said, “We kept asking the AOA officials to give us power connection but they did not give permission on one pretext or the another. We then approached the GDA and the administration and sought intervention.”

GDA officer-on-special-duty, Sushil Kumar Chaubey, has written to the deputy registrar of the firms, societies and chits department to take action. Chaubey has also written to the city magistrate.

Subsequently, GDA passed an order on July 1 in Kumar’s favour. Three days later, a team of developer and GDA in presence of AOA connected the electricity meter.

However, when Kumar went to recharge the pre-paid meter, the AOA officials refused to do so. “On one hand, the AOA officials claimed the builder has not taken the load for my flat, on the other they said the society has a single-point connection system. As per the UP Apartment Act, from the time of registry, the buyer has equal right on the facilities of the society, including power supply,” claimed Kumar.

He said the AOA demanded Rs 70,100 from him. Kumar then said he won’t pay money without a receipt.

AOA president Vivek Panwar said: “The electricity capacity sanctioned for the society is not capable to handle any additional load. Over this and other issues, we filed a case against GDA and the builder in Allahabad High Court.”

Faisal Chisti, the developer’s representative, could not be reached.

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Ghaziabad: 12 years after launch, a ray of hope for Indirapuram Habitat Centre buyers – ET RealEstate

GHAZIABAD: Twelve years since the launch of the project, there’s finally a ray of hope for some 2,000 allottees of the Indirapuram Habitat Centre (IHC). The insolvency resolution professional appointed by the National Company Law Tribunal (NCLT) has invited resolution applicants for the completion of the shopping centre in Ahimsa Khand. The last date for submission of applications is August 25.

Incorporated in 2002, Indirapuram Habitat Centre Ltd launched the Indirapuram Habitat Centre project six years later. The project was sold to some 2,000 allottees but only 300 of them were handed over shops and commercial spaces subsequently. In 2019, Diamond Traexim, a financial lender, raised an insolvency bid against IHC to recover a debt of Rs 16 crore.

After NCLT admitted the case in August last year, the other allottees claimed their stake in the resolution process as financial creditors. The promoter, Pramod Goel was later arrested after it emerged that he had sold shops and then mortgaged them to raise funds.

The IRP has invited the resolution applicants to respond through the publication of Form G under Regulation 36A (1) of the Insolvency and Bankruptcy Code (2016). According to the timelines, the resolution plans should be submitted by August 25 for shortlisting and approval by October this year.

Some allottees have heaved a sigh of relief. “It has been a long wait for us and we are finally expecting a speedy resolution,” said Tarun Gandhi.

However, others want refunds. “We want our hard-earned money back. We have made full payment for the shop and can’t afford to make any new investment,” Navaraj Navi Mishra, another buyer.

“The completion of the project will take not more than Rs 100 crore, but the builder has raised around Rs 500 crore through multiple mortgages of same allotments in the market. So the resolution process has to be neutral for the original allottees and the other investors who have lent money against the mortgage,” said Harshal Kumar, an associate of lawyer P Nagesh representing the IHC shop owners association, said.

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