Firm offers 2 options to settle with flat owners of 3 towers
Real Estate

Firm offers 2 options to settle with flat owners of 3 towers

The real estate company has written to the Deputy Commissioner offering two options to settle with the owners of three towers, more than a year after a large portion of a sixth-floor apartment at Gurgaon's Chintels Paradiso society in Sector 109 collapsed all the way to the first floor, killing two women and injuring a man.

The group is given two choices: either they will pay "an all-inclusive price of Rs 6,500/- per sq.ft (super area)" or they will reimburse apartment owners for the stamp duty they have already paid. Towers D, E, and F each include about 180 apartments. According to the group's letter to the DC, the second option calls for them to hire a "well-regarded contractor" to repair or rebuild the property, and then turn over ownership within 36 months. Additionally, the real estate company will stop providing rental compensation to homeowners who were compelled to leave their apartments.

The CBI has taken charge of the case's investigation. Residents are requesting compensation and legal action against the developer in a petition before the Supreme Court.

Even though the flat that collapsed was in Tower D, an IIT-Delhi structural audit report later found that towers E and F are "not safe for habitation" and that repairing them to allow for safe use is "not technically and economically feasible" due to the high chloride content in the structures' concrete. The developer was instructed by the Gurgaon deputy commissioner to permanently close tower D, which has 18 stories and 64 apartments, in November 2022 so that demolition could start.

The real estate company has written to the Deputy Commissioner offering two options to settle with the owners of three towers, more than a year after a large portion of a sixth-floor apartment at Gurgaon's Chintels Paradiso society in Sector 109 collapsed all the way to the first floor, killing two women and injuring a man. The group is given two choices: either they will pay an all-inclusive price of Rs 6,500/- per sq.ft (super area) or they will reimburse apartment owners for the stamp duty they have already paid. Towers D, E, and F each include about 180 apartments. According to the group's letter to the DC, the second option calls for them to hire a well-regarded contractor to repair or rebuild the property, and then turn over ownership within 36 months. Additionally, the real estate company will stop providing rental compensation to homeowners who were compelled to leave their apartments. The CBI has taken charge of the case's investigation. Residents are requesting compensation and legal action against the developer in a petition before the Supreme Court. Even though the flat that collapsed was in Tower D, an IIT-Delhi structural audit report later found that towers E and F are not safe for habitation and that repairing them to allow for safe use is not technically and economically feasible due to the high chloride content in the structures' concrete. The developer was instructed by the Gurgaon deputy commissioner to permanently close tower D, which has 18 stories and 64 apartments, in November 2022 so that demolition could start.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement