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Builder booked for not handing over upkeep funds

GHAZIABAD: Real estate firm Assotech, its managing director and two officials had been booked by way of Ghaziabad police for now not delivering Rs 5 crore interest-free maintenance safety charges to the apartment house owners association of The Nest, a highrise in Crossings Republik. An FIR was registered following an order by way of a city court, police stated.
Nishant Kumar, AOA secretary, stated the association participants were given elected in 2015 and it took over the upkeep of the society from the builder in April final yr. At the time, the builder had agreed to return the interest-free maintenance safety charges, with the exception of offering a genset and extending energy load.

“Assotech promised us to provide maintenance safety charges in different installments and we had agreed on it. We were given the primary cheque of Rs 10 lakh as first installment however that bounced. When we met the builder, their officials sounded rude,”he stated.

Subsequently, the citizens ran from pillar to put up to get a criticism lodged towards the builder. “We had even met the SSP, however no person helped us. Last month, AOA approached the Ghaziabad court and it had ordered the police to hotel an FIR towards the builder and take motion,” stated Kumar.

“Some 650 households reside here. We need the fund for the maintenance work,” he stated.

Shlok Kumar, SP (city) stated on Saturday the FIR has been lodged towards Assotech MD Sanjeev Srivastava, the firm’s govt Harsh Parashar, and Captain Singh, estate manager of the society, below sections 420 (dishonest and dishonesty inducing supply of property), 467 (forgery of a treasured safety, will and so forth.), 468 (forgery for function of dishonest), 471 (forging a genuine file), 406 (breach of trust), and 120-B (criminal conspiracy).

When contacted, the Assotech MD refused to remark.

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