GMADA holds SBI responsible for delay

It has been 38 days since the much-hyped housing scheme offer has closed. The GMADA was initially promised to hold the draw of lots within a month after the closure of the scheme.

While the GMADA has issued final notice to SBI,the bank has accused the civic body for the delay. “When we had almost completed processing of the forms,GMADA gave us a prescribed proforma to process the forms,following which we are now re-processing them,” said SBI Regional Manager T K Berry.

“When we were about to transfer the forms,but GMADA asked us to prepare the lists of the forms as per plot size and category with separate serial number. Since it is voluminous work,we have deputed extra workforce to complete the job at the earliest,” he said.

“Since 85 SBI branches across the country were involved in the scheme,the whole process,according to GMADA’s demand,could have taken at least a month. But we are likely to submit the forms within a week,” said Berry.

On the other hand,GMADA Estate Officer (EO) Balbir Singh Dhol claimed the proforma was given to all banks much earlier,but it could be that since SBI had more forms it was taking extra time.

“While awaiting for the SBI forms,we have begun the process of categorising and registration of the forms. We will complete the process at the earliest and put the final list of applicants on our website to seek objections,if any,before holding the draw,” said Dhol,while expecting to hold the draw in September.