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After Noida, Ghaziabad banks directed to move out of residential areas

After Noida, banks operating from non-commercial areas of Ghaziabad are in trouble.

india Updated: May 10, 2012 23:25 IST
HT Correspondent
HT Correspondent
Hindustan Times

After Noida, banks operating from non-commercial areas of Ghaziabad are in trouble.

The Ghaziabad Development Authority (GDA) has once again initiated action against banks running from residential areas in the city.

Authority officials have asked such banks to move out of residential areas and relocate to commercial premises.

In April, 2010 and in December, 2011, GDA had issued notices to residential property owners who had rented out their premises to different private and nationalised banks. The authority had also asked banks to shift their branches to commercial areas. But nothing moved forward after that.

In recent meetings, authority’s Vice-Chairman Santosh Kumar Yadav asked officials of around 49 such operating bank branches to move out of residential areas.

“We have offered them some of our commercial properties where they can relocate. Some banks have even placed advertisements to search for commercial spaces elsewhere. We have given them some time or else we will seal such branches,” Yadav told Hindustan Times.

A number of such bank branches are operating from Patel Nagar, Raj Nagar, Govindpuram, Kavi Nagar, Shastri Nagar, Kaushambi, Vaishali, Loni and Shalimar Garden extension areas. Officials said that such orders were issued after the Supreme Court directive in Noida.

Three bank branches at Kaushambi, Chandra Nagar and Shyam Park have already relocated to commercial areas.

First Published: May 10, 2012 23:23 IST