The Pioneer 16.11.2010
GMADA to refund application feePrabhmeet Luthra | Mohali
The Greater Mohali Area Development Authority (GMADA) has decided to return the earnest money of unsuccessful applicants of the Aerocity from Wednesday onwards. GMADA will return money of those people who deposited their money directly to the authority instead of depositing in banks. The authority has also started a helpline for the convenience of the public. The applicants can take help and register their complaints on helpline.
According to sources, GMADA officials have issued strict directions to banks for displaying schedules and applicant names. Refund will be returned by the GMADA through selective banks. Refund process will be conducted on the same pattern of draws. Applicants who applied for big plots will get refund firstly then after refund process will go on in descending order of plot size. The authority has also formed a team who will check in banks for refunding process.
GMADA has started a helpline no 0172-5032698 for any complaint of refund process. If applicants faces any problems in refund they will have to report on banks where they had submitted their forms. On the other side, banks will decide by their own that either they will return the balance money of those who applied plots through finance or not.
It will dependent on selective banks that financed money should be returned or not. A GMADA official says that banks offered finance options to public, GMADA has nothing to do with it.
GMADA will return amount to banks, further banks has to decide about returning of financed amount to applicants. GMADA had finished draw process within three months. Applicants demand that remaining interest should be returned to them. Whereas banks hasn’t decided about returning financed money.
