Audits in highrises held up as 'builders to deposit funds'

25 Sep 2023 CW Team

Delays in the structural audits of high-rise residential societies have been attributed to developers' failure to provide the necessary funds for plan execution. In addition to the financial shortfall, developers have not shared crucial building plans required to conduct these structural assessments. To address these issues, a recent meeting was convened by Additional Deputy Commissioner Hitesh Meena, bringing together the District Town Planner (DTP), structural audit agencies, and developer representatives to assess the progress of the audit process.

During the meeting, Meena directed the District Town Planner to issue a final warning to developers, urging them to cooperate promptly. He made it clear that if they fail to do so, appropriate actions will be taken against them. The discussion also encompassed the ongoing valuation of interior work in towers G and H, as well as the status of refunds for affected flat owners in Chintels Paradiso, located in Sector 109.

Manish Yadav, District Town Planner (Enforcement), informed the Additional Deputy Commissioner that a majority of developers have yet to deposit the necessary funds required for the testing phase of structural audits for 15 societies in the second stage of the first phase.

In summary, delays in structural audits due to inadequate funds and withheld building plans have prompted authorities to issue a final warning to developers, emphasizing the need for cooperation. The meeting also addressed related issues and established a course of action for future proceedings.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..