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Mumbai residents accuse housing finance firm of forgery, illegal possession attempts despite court protection

Malad flat owners say they were never told of loan before finance firm moved to claim their homes as secured assets

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Residents allege that the podium area, designated for parking as per sanctioned plans, has been wrongly shown as office units and mortgaged by the developer at Atharva Landmark. Pics/Nimesh Dave

Residents allege that the podium area, designated for parking as per sanctioned plans, has been wrongly shown as office units and mortgaged by the developer at Atharva Landmark. Pics/Nimesh Dave

A dispute between residents of Atharva Landmark Co-operative Housing Society in Malad East and Khush Housing Finance Private Limited (KHFL) has escalated into criminal allegations, with flat owners accusing the finance company of forgery, cheating, and illegal attempts to take possession of their homes despite existing court protection orders.

According to sources, two flat owners had purchased their homes after conducting due legal checks and were issued ‘No Dues Certificates’ by the developer. Independent title searches conducted in October 2021 confirmed that the flats were free from any mortgage or charge. Both complainants say they have been in peaceful possession since the purchase.

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