All stages of structural audit to be carried out at a time
Real Estate

All stages of structural audit to be carried out at a time

In a bid to streamline the process, reduce costs, and enhance transparency, the district administration has issued directives to conduct all three stages of structural audits for high-rise residential societies concurrently. Currently, structural integrity and stability tests are being conducted for 38 societies within the city, a process that has been ongoing in two phases since April of the previous year. However, concrete progress has yet to be achieved.

The staggered nature of the ongoing structural audits has posed challenges in terms of coordination and supervision for both government departments and the agencies responsible for conducting the audits. Additionally, residents of these societies have expressed concerns regarding the lack of transparency and cost-effectiveness in the process. There have been complaints that developers and Resident Welfare Associations (RWAs) are not sharing mandatory documents such as building drawings and plans, nor are they willing to bear the costs associated with the audit.

The district administration's decision to conduct all three stages of structural audits simultaneously aims to address these issues, streamline the process, and ensure that it aligns with best practices for transparency and efficiency.

In a bid to streamline the process, reduce costs, and enhance transparency, the district administration has issued directives to conduct all three stages of structural audits for high-rise residential societies concurrently. Currently, structural integrity and stability tests are being conducted for 38 societies within the city, a process that has been ongoing in two phases since April of the previous year. However, concrete progress has yet to be achieved. The staggered nature of the ongoing structural audits has posed challenges in terms of coordination and supervision for both government departments and the agencies responsible for conducting the audits. Additionally, residents of these societies have expressed concerns regarding the lack of transparency and cost-effectiveness in the process. There have been complaints that developers and Resident Welfare Associations (RWAs) are not sharing mandatory documents such as building drawings and plans, nor are they willing to bear the costs associated with the audit. The district administration's decision to conduct all three stages of structural audits simultaneously aims to address these issues, streamline the process, and ensure that it aligns with best practices for transparency and efficiency.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement