Noida

According to official information, financial institutions have distributed about SEK 6.4 in the last 10 months to people looking for affordable housing in Shader.

NOIDA: Shahberi, whose mayor illegally confiscated his property when nine people died in the collapse of the Twin Towers in 2018, has seen more than 30 transactions in the country between buyers and sellers since September.

According to official information, financial institutions have distributed about SEK 6.4 in the last 10 months to people looking for affordable housing in Shader. These groups are not public or private banks. The witchcraft administration took action in August last year because it was wary of issuing loans through Shader.

Shader’s illegal homes were exposed last year at a meeting convened by the Regional Advisory Council (DCC), part of the Reserve Bank of India. At the meeting, banks were asked not to accept hotel conditions from Shahber without checking the documents. Since then, the banks have left.

However, it was noticed that many financial institutions accepted Shahber-owned loans because they were not under the committee. “I have passed on the list of organizations that provide money to buyers of Shahber real estate. They are all financial institutions. Their representatives do not attend DCC meetings. But we report the problem to them. And we ask. Them to fill in the gaps. ”said Need Regional Director and Representative of RBI Vedas, Ved Ratna.

It acquired seven financial firms that had secured 32 debts totaling $ 6.4 million since Sept. 10 last year. These facilities are being investigated by the National Housing Board (NHB).

“The number of (real estate) companies have strongly declined in smaller towns as a result of improved governance since September last year. But we have received some complaints about Shahber’s case. Monetary policy LY.

Some people had invested in Shahber homes back then and were waiting for a decision on how to control the development. Many consumers stopped paying EMI to banks and decided in court against the lenders, claiming the loan payments were made in violation of their well-known publications because they were officially published by the Noida administration.

“Many banks, financial institutions, and companies have paid about SEK 1,500 in real estate fees for commercial buildings in Shahber in recent years. How did they end up in our debt after the property was registered?” in law? The companies were established because they successfully funded their clients invested by Sachin Raghav.

Over the years, Shader has become the center of low-cost buildings without a license. Since the city’s announcement in 1994, more than 1,450 properties have been registered and purchased by private lenders.

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