Chintels Paradiso gets four months to pay buyers, three years to reconstruct flats, ET Real Estate

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GurugramDeveloper of : Chintel Paradiso The flat owners of the three towers in Sector 109 society on Wednesday agreed to settle the claims of the flat owners within four months or renovate/reconstruct the buildings as per the recommendation of the experts, on the terms laid down by the district administration.

This conclusion was reached in the meeting of the Deputy Commissioner. Nishant Yadav with representatives of Chintels India and homebuyers.

The proposal, if implemented, would mark a significant breakthrough in resolving the issue of compensation to homebuyers more than a year after the collapse of a sixth-floor flat in Tower D of the society, in which two women were killed.

If a homeowner opts for the flat buyback option, the developer has to pay the cost of the flat (Rs 6,500/sq ft), and refund the stamp duty along with the cost of interior work done to the house. This payment is to be made within four months.

If it is not, a homeowner can opt for renovation or reconstruction of the flat, which has to be done by the developer in 36 months after all mandatory approvals, Yadav pointed out. Chintels India,

Irreparable structural defects were found in the tower in an inspection of the tower by experts from IIT-Delhi after the February 2022 collapse. The team, in its report, suggested demolishing the tower, which had become vacant by then.

Subsequently, the audit found deficiencies in two more towers – E and F – of the society.

The deputy commissioner on Wednesday also told the developer that he cannot stop paying the rent for alternate accommodation to the families living in these towers. The DC said that the rent will have to be paid till the compensation is received.

For now, 52 flat owners of these three towers are living in alternate accommodation provided, or whose rent is being reimbursed by Chintels India. Another 14 families still live in towers E and F despite being ordered to move out.

Wednesday’s meeting was organized by Chintels India on April 29, in which two settlement options were proposed as “final” offers for homebuyers to choose from.

In the first, it offered an all-inclusive compensation of Rs 6,500 per sq ft and refund for stamp duty. If not, the developer said it is ready to repair and/or reconstruct the towers based on the recommendation of the Central Building Research Institute (CBRI), whose audit report is awaited.

In the meeting, Yadav said that the developer will also have to bear the cost of the interior work. The cost of interior work in each flat has been assessed by an independent agency for Tower D, and will be done for Towers E and F as well.

“If a resident chooses the first option, the developer will have to pay the full amount within four months and till that time, the developer will continue to pay rent for the alternate accommodation. The developer will be asked to share a draft of the understanding along with the legal team of the residents,” the DC said. “As per the valuation report, the developer will have to pay the cost of internal work to the flat owners,” he said.

On the option of repair/reconstruction, Yadav said the CBRI report is awaited and if it differs from the findings of IIT-Delhi experts, the district administration will get another structural audit done by an independent agency.

“If the towers are reconstructed, the possession will have to be given to the flat owners only after a structural audit. About 14 families living in towers E and F will be given notices to vacate the flats.

A spokesperson for Chintels India said it has agreed to DC’s proposal.

“As far as repayment is concerned, it will be done within 4 months – 25% of the amount fixed will be paid per month. Reconstruction will be done within 36 months,” the spokesperson said.

“Now, we request that our registries be opened to restore cash flow,” he added.

RWA President Rakesh Hooda Chintel Paradisosaid: “We are yet to receive a written order from the deputy commissioner. Once we receive it, we will discuss the way forward with the residents. This is a decision by the DC to resolve the developer and flat owners Good move.” Issue.”

  • Published on May 4, 2023 at 09:14 AM IST

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