The builder has not yet handed over the IFMS funds, and the AOA is severely in need of at least Rs 50 lakh to carry out development work.
The AOA of Amrapali Village has recently taken over the society from the builder, but the former’s lackadaisical attitude has left it in a fix. The AOA is in desperate need of funds, but the builder has not paid the society’s IFMS (Interest-Free Maintenance Service) money, which according to the AOA amount to Rs 2.5 crore.
The AOA members say they need the money desperately to carry out development work such as replacing the old, defunct CCTV cameras, and servicing the transformer and generator sets. Besides, with the AOA now at the helm of things in the society, residents have high expectations from them in terms of a major shift in the standard of living.
According to an agreement, the builder had earlier promised to pay the entire IFMS amount in monthly instalments from January this year. But the builder has not paid a single penny till date.
“We had to spend Rs 5 lakh from the fast-diminishing society funds just to fix the swimming pool. We are also planning a hike in the society’s maintenance charges, which will take care of recurring costs such as monthly payment to vendors. But the IFMS money is required for the larger expenses. We are faced with an immediate need of Rs 50 lakh, but nowhere we can raise that much money from,” said Rakesh Kumar, general secretary of the AOA.
Earlier, when City Spidey had approached representatives of the Amrapali Group about the issue, they had said that the matter was in limbo owing to pending clarifications, but that the transactions would be completed by May. But now, even several attempts to contact Amrapali Group representatives have failed to draw any response from them.
A former associate of the group, who was heading the handover process of the society’s maintenance last year, however, said that Amrapali had borne the cost of maintenance for the month of November last year, when the society was handed over to the AOA. He said that Amrapali would deduct that amount from the IFMS funds and hand over the rest.
City Spidey also tried to get in touch with Ghaziabad Development Authority but officials could not be contacted.
Meanwhile, AOA members said they had knocked on all doors to get the money, but to no avail. “We will have to approach the high court if this is not solved in time,” said Rakesh Kumar.
