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Gardenia Gateway Gardenia Group Sector 75 Noida

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Gardenia Gateway Gardenia Group Sector 75 Noida

Last updated: August 15 2019
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  • Re : Gardenia Gateway Gardenia Group Sector 75 Noida

    Kumar sahab hum Hindustani.....

    Kisi ko bijli muft chahiye....

    Kisi ko paani...

    Kisi ko parking......40 rs bachane ke chakkar main gali main laga denge, mall ki parking main nahin?....
    4 lac se 40 lac ki gadi milegi...

    Kisi ko chawal...

    Har Koi phokat ke chakkar main hai....
    Insaniyaat gayi tel Lene....

    40 rs mahine ka koore wala nahin lagayenge....
    Raat ke andhere main ....
    Parosi ke khali plot par/ sarak par/ park main ya parosi ki naali main....

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    • Re : Gardenia Gateway Gardenia Group Sector 75 Noida

      Noida: Over 200 families of Gardenia Gateway served eviction order

      The notices, dispatched by the Union Bank of India, were served to residents of Gardenia Gateway in Sector 75 on August 5. Sharmila Bhowmick | TNN | August 14, 2019, 07:33 IST

      NOIDA: More than 200 families living in a Noida housing society since 2015 got the shock of their lives last week when each of them received notices from a bank asking them to vacate their houses by August 20.

      The notices, dispatched by the Union Bank of India, were served to residents of Gardenia Gateway in Sector 75 on August 5. The documents mentioned that the developer — Gardenia India Ltd —had taken a loan of Rs 78.45 crore on December 31, 2015, and had not made any repayment since.

      The developer had mortgaged the project for the loan, the notice said, adding that the bank was well within its rights to attach the property to recover the debt.

      The residents, who had no inkling about the project being mortgaged, are incredulous that such an “absurd” notice has been handed to them and are exploring legal moves. “We are utterly shocked. We paid the entire amount (cost of houses) to the builder before moving in and there are no dues whatsoever. Why should the buyers be made to suffer for the builder’s fault? We don’t know what harassment is awaiting us,” said B S Lavania, president of the residents’ welfare association of Gardenia Gateway.

      The additional director of Gardenia Gateway, Surender Debal, said the company was working with the bank on settling dues.

      Eviction notices stump Noida society residents

      The bank hasn’t taken the correct step by reaching out to residents with an eviction notice. The matter is between builder and the bank. Why harass the occupants?” Debal asked.

      The bank said it had to take the step as the developer was not responding to its queries. “We issued the notice to residents as a measure for debt recovery. This is the only way we hope the builders would respond to our demand for repaying loan,” said Diwaker Chaudhary, the bank’s debt recovery officer.

      Kumar Mihir, a lawyer who handles real estate cases, said notices likes these cannot be sent to residents. “The bank can’t reach out to residents like this and hand over eviction notices. Their primary point of negotiation is the builder and this is an act of transgression,” said Mihir.

      Residents of the society said they had no knowledge of the loan the developer had taken from the bank and that the project had been mortgaged. They said they would explore legal options against the developer.

      “Even for a bank, there should be a method to operate. Handing out sudden notices to residents is not only absurd but illegal. We are all angry with the move,” Lavania said.

      Flats in the Gardenia Gateway project were sold in 2011 and the buyers were handed flats between 2015 and 2016. The project is supposed to have 550 flats in total, of which 200 are currently occupied. The project has 2,3 and 4BHK apartments in a price band of Rs 45 lakh-Rs 85 lakh.











      https://realty.economictimes.indiati...order/70668496
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      • Re : Gardenia Gateway Gardenia Group Sector 75 Noida

        Union Bank of India withdraws notices sent to Gardenia Gateway residents

        According to the bank's notices, the housing project was mortgaged as security by the builder of Gardenia India Limited for the loan. The due amount stood at Rs 78.45 lakh on December 31, 2015, and interest thereon.PTI | August 14, 2019, 20:44 IST

        NOIDA: Around 200 families in a residential complex here heaved a sigh of relief on Wednesday after the Union Bank of India withdrew eviction notices it had issued to them over non-payment of a loan of Rs 78 crore by the builder.

        The state-run bank had on August 5 issued the notices to the residents of Gardenia Gateway in Sector 75, asking them to vacate their houses by August 20, the apartment owners' association had said.

        The bank, however, withdrew the notices on Wednesday evening after there was outrage over the matter.

        Referring to its notices to the flat owners, the bank's asset recovery branch, Delhi, stated in a communication to them "we hereby inform you that the said intimation dated August 5, 2019, has been withdrawn with immediate effect".

        According to the bank's notices, the housing project was mortgaged as security by the builder of Gardenia India Limited for the loan. The due amount stood at Rs 78.45 lakh on December 31, 2015, and interest thereon.

        The notices had said that the bank was initiating action since the borrower had "defaulted in payment of the said amount".

        It asked the flat owners to "vacate the premises within 15 days of receipt of the notice to avoid any further inconvenience".

        Earlier, the apartment owners' association had claimed that the residents had made full payment for their flats and were not aware of the builder taking the loan by mortgaging the project.

        "The bank had given a loan of Rs 78 crore to Gardenia India Limited four years ago for construction (of the society). However, the construction of the project was already complete (by then). Several people had made full payments and purchased flats in the society around four years ago," said a statement signed by the association's president B S Lavania, vice president A K Jaiswal and secretary Rakesh Kumaria.

        The flat owners had not been informed about this loan given by the bank to the "fraud builder", it said.

        The association had alleged that the builder "diverted funds" instead of repaying the loan and the flat owners were being "unnecessarily harassed".

        Residents of the society were relieved after the bank withdrew its notice.

        "It's total relief now. There's no more fear," Jaiswal, who has been living in the society for the last three years, told .

        "Some problems still remain. The project does not have an occupancy certificate (OC) from the Noida Authority and flat owners do not have registry for their properties and we hope that the issues are sorted soon," he said.

        "The builder had promised facilities like swimming pool and club in the society but is yet to deliver on that," he added.

        Another resident claimed that the builder owes crores in dues to the Noida Authority and that is why the registries have not been done.

        When contacted, a Noida Authority spokesperson declined to comment on the matter.








        https://realty.economictimes.indiati...dents/70679966





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