Noida homebuyers turn to Twitter over realty woes
Homebuyers of Gardenia Glory, a residential society in Sector 46, Noida, are now counting on Twitter to help solve their real estate woes. Tweeting under the hashtag #gardenia46justicenoida, buyers have started a social media campaign and even sent their tweets to Akhilesh Yadav seeking his intervention.
The builder has failed to deliver the flats on time. The bookings started in 2009 and possession to all 1,400 buyers was due in March 2012.
Dinesh Kandpal, one of the buyers, said, “It has been over three years since we were promised possession of our flats. We have even spoken to the builder but he doesn't seem to care.”
Bharat Gupta, another buyer, said, “I paid the builder in full and yet have no clue about when I can have my house.”
Upendra Mishra, a third buyer said, “I have invested all my money in this project and even took a bank loan to buy a flat in Gardenia Glory. Now, I do not know what to do or whom to approach.”
Gardenia Aims Developers took loans, amounting to Rs 134 crore, from various nationalised banks. The company has failed to repay its creditors and has been slapped with notices from various banks. According to the notices, if the company fails to repay the loan amount soon, the property (Gardenia Glory), which was mortgaged to the banks, will be forfeited.
Those who purchased a property in Gardenia Glory are now living in fear of the terrible losses they will face if their houses are forfeited by the banks.
City Spidey tried to contact Manoj Rai, managing director of Gardenia Aims Developer Group, but he was not available for comment.