Chandigarh: Fate of over 270 members of suspended housing society uncertain
The Punjab Cooperative Department’s 2013 decision to suspend a group housing society, which proposed to develop a residential complex in Mullanpur near Chandigarh, continues to spell uncertainty for the more than 270 members who had planned to build their houses at the complex.
With regard to the suspension of the society in January last year, the Punjab Cooperative Department said that the promoters had failed to fulfil the stipulated norms for building the residential complex in Mullanpur.
In reference to the suspension of the society, one of the investors, R C Aggarwal, said that the move by the Punjab Cooperative Department was apparently a result of the internal strife between the promoters – including Ashok Kukreja, the erstwhile president of the Sartaj Cooperative House Building Society, Mohali.
Aggarwal said that nearly 276 members had invested in the suspended housing society in March 2011.
Revealing that the society had already worked out an agreement with Altus Space Builder Pvt Ltd for allotment of plots, Aggarwal said that, going by the rules, the Punjab Cooperative Department should have conducted elections in the society, so that plots could be allotted to the members by the newly elected body.
Noting that the fate of the society’s members still hangs in balance, Aggarwal said: “Even at this stage, the department should see to it that the interest of genuine investors are safeguarded and that the matter is resolved at the earliest.”
Source – Business Standard
