Chintels Paradiso Residents Push for Fair Compensation and Safety Assurances

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    Residents of Chintels Paradiso housing complex in Gurugram are facing the impending demolition of five unsafe towers and have raised demands from the developer, Chintels India Limited. Here’s a simplified breakdown:

    Background

    • Following a partial collapse in tower D in February 2022, which tragically resulted in casualties, a team from IIT Delhi deemed five towers—D, E, F, G, H—as unsafe.
    • The developer, last year, initially offered to buy back flats from residents of the unsafe towers at Rs 6,500 per square foot (psf) but later withdrew the offer.

    Current Demands

    • Residents are urging the developer to adjust the compensation rate to match current market prices, considering the appreciation in property rates in Gurugram’s sector 109.
    • They seek an increased buyback offer and propose the option of reconstructing flats while receiving rent during the three-year waiting period.
    • Additionally, residents demand the developer to assure the safety of occupants in the remaining safe towers (A, B, C, J) during the demolition process by signing a safety guarantee bond.

    Specific Concerns Raised

    • Residents want detailed plans for reconstruction, demolition timelines, and an assurance of safety for the remaining towers.
    • They emphasize fair compensation, identical-sized reconstructed flats, and no reduction in common area sizes.
    • Owners opting for reconstruction request rental compensation during the reconstruction period and request transparency in the reconstruction plans.

    Past Offers

    • Previously, Chintels India Private Limited had two offers: a buyback at Rs 6,500 psf with a refund of stamp duty, and a reconstruction option within 36 months, adhering to technical specifications recommended by CSIR-CBRI.

    Current Situation

    • The reconstruction offer was withdrawn in July 2023, followed by the withdrawal of the buyback option in November 2023.

    Residents continue to advocate for fair compensation, reconstruction transparency, and assurances of safety during the demolition process from the developer.

    (Source: Moneycontrol)

    Also read: Air India Leases 6.2 Lakh Sq Ft Commercial Space in Gurugram at ₹90 Crore Annual Rent

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