Flat sale to multiple buyers in Noida will invite Gangsters Act

Flat sale to multiple buyers in Noida will invite Gangsters Act
07/05/2018 , by , in News/Views

The district administration has said developesrs who sell a flat to two or more buyers simultaneously, or take loans against the property without the buyer’s knowledge, will be booked under the Gangsters Act.

B N Singh, district magistrate, said he had received complaints from some homebuyers about such fraudulent activities. “We have directed police to book such people under the Uttar Pradesh Gangsters and Anti-Social Activities ( Prevention) Act, 1986. We will also initiate proceedings to attach their properties,” Singh told TOI.

In January, a homebuyer had filed a complaint against a developer in Sector 58 police station for allegedly duping him of Rs 88 lakh on the pretext of offering a flat in a residential society in Greater Noida. The complainant, Surendra Singh, alleged that he had booked a flat in Sector Zeta I in Greater Noida in March 2009. He had held a meeting with the company directors and paid Rs 18 lakh on March 30, 2009. He then took a Rs 70 lakh loan from IDBI Bank and transferred the money to the developer, who had promised no EMI till possession. The developer had promised to pay the EMI till possession.

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